'Compensation and benefits' is the part of human resources that works behind the scenes. It is usually the HR specialization that professionals typically avoid for its seemingly complex nature and dependency on mathematics. Attending this course will change your mind about this HR specialty. You will learn an approach that is easy to understand, and that explains the specifics of compensation and benefits. This approach will also help you apply the principles of compensation and benefits at work.
In this certified course, participants will demonstrate the knowledge they have gained by taking an examination at the end of the course.
Course Methodology
The course will use a combination of theory and practical applications of course concepts. Participants will engage in simulation exercises that emulate real-life situations, allowing them to gain deep insights into the concepts covered.
Course Objectives
By the end of the course, participants will be able to:
Define and demonstrate an understanding of the importance of compensation to the overall aims of human resources management
Analyze jobs using a systematic approach and prepare a draft job description.
Evaluate jobs using the factor point system methodology
Design a comprehensive compensation system
Recite the principal steps in a compensation survey and answer questions relating to the criticality of job matching to the success of any compensation survey
Link reward to performance using a fair quantitative approach
Target Audience
Professionals with at least 2 to 3 years of experience in the compensation and benefits field, HR administrators, officers, specialists, team leaders, managers, and business partners who wish to enhance their knowledge and skills in this critical area of human resources.