Human resource management regards compensation & benefits as a function concerned with employee compensation and benefits policy-making.

Compensation includes not only salary, but also the direct and indirect rewards and benefits the employee is provided with in return for their contribution to the organization.

Understanding Compensation and Benefits: Gain a comprehensive understanding of compensation and benefits principles and practices.

Designing Pay Structures: Learn how to design competitive pay structures that align with organizational goals.

Job Analysis and Evaluation: Develop skills to analyze and evaluate jobs systematically, including drafting job descriptions.

Compensation System Design: Design a comprehensive compensation system that supports organizational objectives.

Performance-Based Rewards: Link rewards to performance using fair and quantitative approaches.

Salary Surveys: Understand the steps involved in conducting compensation surveys and the importance of job matching.

Legal Compliance: Learn about salary tax calculations and local laws related to compensation and benefits.

Global Mobility: Understand the concepts of global mobility and designing compensation for international assignments.

Total Rewards Planning: Design a total rewards plan that encompasses all aspects of employee compensation and benefits.

AI in Compensation: Explore the benefits of using artificial intelligence in compensation and benefits management.

Introduction to Compensation and Benefits

Overview of compensation and benefits

Importance in human resources management

Compensation Objectives and Strategies

Defining compensation objectives

Developing compensation strategies

Job Analysis and Job Descriptions

Conducting job analysis

Writing effective job descriptions

Job Evaluation Methods

Introduction to job evaluation

Various job evaluation systems (e.g., Meirc, Hay)

Designing Compensation Systems

Designing base salary structures

Determining allowances and benefits

Compensation Surveys

Conducting compensation surveys

Analyzing survey data

Performance-Based Pay

Linking pay to performance

Designing incentive and bonus plans

Benefits Administration

Designing benefits programs

Managing benefits administration

Legal and Regulatory Compliance

Understanding compensation and benefits laws

Ensuring compliance with regulations

Global Compensation and Benefits

Managing compensation and benefits in a global context

Addressing challenges of global mobility

Case Studies and Practical Exercises

Real-world case studies

HR Professionals

Compensation and Benefits Managers

HR Managers

HR Consultants

Payroll Specialists

Talent Acquisition Professionals

Students and Graduates in Human Resources Management