In this course, you will learn about the only part of human resources that works behind the scenes. Compensation and benefits is usually a function that professionals in the field typically avoid for its seemingly complex nature and dependency on mathematics. When you attend this course, you will change your mind about this HR specialty. We will explain the specifics of compensation and benefits in such a way that you be able to apply them easily at work.
Course Methodology
The course will use a combination of theory and practical applications of course concepts. Participants will engage in simulation exercises that will emulate real life situations allowing them to gain a strong understanding of the concepts covered.
Course Objectives
By the end of the course, participants will be able to:
Explain the basic principles and major elements of compensation.
Conduct a proper job analysis and write high-quality job descriptions.
Apply the process of job evaluation fairly and systematically.
Build a sound and effective salary structure using the right mathematical approach.
Design organizationally fit allowances and benefits.
Describe the basic compensation survey process as well as the terms needed to read and understand salary surveys.
Target Audience
Professionals working in the function who wish to acquire relevant knowledge and skills, and those working in other areas of human resources as administrators, officers, specialists, team leaders, managers and business partners who wish to broaden their understanding of this important function.
Target Competencies
Job analysis
Writing job descriptions
Conducting interviews
Job evaluation
Designing compensation systems
Reading surveys
Course Outline
Managing compensation: an overview
Definition of compensation and benefits
Compensation objectives
Components and factors affecting compensation
Total compensation
Effective compensation management system
Compensation and benefits cycle
Job analysis and job descriptions
The need for job descriptions
Principal approaches to job analysis
Carrying out the job analysis process
Conducting a proper job analysis interview
The main components of an institute job description