Certified Compensation & Benefits Manager

  • India’s top rated and the best Compensation and Benefits Program and certification

    Classroom training is available in New Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Pune.

    Companies hire people individual to achieve their organizational goals and people join companies to earn money & build their career. One of the biggest factors why people join companies in the compensation and benefits, salaries, perks, incentives etc which is given to them.

    Compensation and benefits is an important aspect of HRM as it helps to keep the workforce motivated. It helps give benefits to employees based on their performance and actions and brings the best out the employees at workplace.

    By the end of the program you will learn:

    • Understand the role of government regulation & social security in compensation globally.
    • Understand how globalization, sociological and demographic changes & effects compensation.
    • Understand the 6 components of a compensation system.
    • Understand the 8 steps of how to build effective variable pay systems.
    • Learn how to build a point plan and a job grading system to create internal equity.
    • Understand how to create different levels of salary benchmarks.
    • Understand the Hay Plan.
    • Understand mandated and cafeteria benefit systems & how reward planning can be used to cut compensation costs.
    • Learn how to build high impact compensation systems.

    Who should attend?

    • Senior HR, HR Specialist
    • Payroll officers, HR managers, HR Admin Manager
    • Lead PMS and Talent Management
    • Vice President HR, Deputy Manager
    • Senior Executive-Com & Ben
    • Head HR with more than 5 years’ experience
  • MODULE 1: Compensation And Benefit Environment
    • Environmental Factors
    • Governmental Regulation
    • Laws affecting compensation
    • Collective Bargaining
    • Social Security
    • Globalization / Technology
    MODULE 2: Compensation Systems Overview
    • Components Of Compensation System
    • Equity Theory
    MODULE 3: Building internal equity
    • Overall process
    • Job evaluation method 1 – Paired comparison
    • Job evaluation method 2 – Job Grading
    • Job evaluation method 3- Point plan
    • Job evaluation method 4- Hay plan
    MODULE 4: External Equity
    • Overall Process
    • Salary Survey
    MODULE 5: Individual Equity
    • Variable Pay Options
    • Steps in introducing Pay for Performance
    • Compensation & Recognition
    MODULE 6: Benefit Plans
    • Benefit Plans
    • Cafeteria Plan
    MODULE 7: Total Reward Systems
    • Reward Strategy Objectives

Watch this video to know why you need Middle Earth HR certification

UPCOMING SESSIONS

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