Compensation and Benefits Strategy Masterclass

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23 Feb

Compensation and Benefits Strategy Masterclass

Compensation and Benefits Strategy Masterclass

Monday, February 23, 2026 (12:00 AM) to Friday, February 27, 2026 (11:59 PM)
17 PDCs
Provider: London Premier Centre LPC
Course Name: Compensation and Benefits Strategy Masterclass

Speaker: Abdul Raheem Shabazz Nelson
Program Type: Instructor E-Learning
Registration URL: https://www.lpcentre.com/online/human-resources/compensation-and-benefits-strategy-masterclass
Compensation and Benefits Strategy Masterclass, London
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By the end of the Compensation and Benefits Strategy Masterclass course, participants will be able to: Recognise the role of compensation and benefits in attracting and retaining the right talent, as well as improving employees productivity Identify the core elements of compensation systems and explore various types of differential pay Develop a comprehensive total rewards strategy that contains direct cash, benefits, well-being, and recognition plans Use communication techniques to secure executive buy-in and support for the total compensation strategy Conduct job evaluation and grading and use them for developing compensation systems Understand various aspects of pay, including variable pay, international mobility, etc. Manage and optimise sales compensations by setting governance frameworks, defining pay structure, designing payout tables, and testing the compensation and benefits Leverage data and analytical tools to identify pay gaps and improve compensation and benefits strategies

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Day 1 Introduction to Compensation Role Definition and purpose of compensation and benefits within organisations Describing the link between compensation and benefits to HR function Exploring the core elements of compensation systems: Base wage, incentives, benefits, incentives, overtime, etc. Types of differential pay: Oncall, hazard, call-back, holiday/ weekend, geographic, etc. Understanding the role of compensation systems in motivating employees to work Day 2 Developing a Total Compensation Strategy Guidelines for setting objectives for a total reward strategy Analysing internal and external factors impacting the total rewards strategy Understanding the core elements of total rewards strategy design: Direct compensation structure Core benefits structure Well-being and recognition Strategies to secure executive buy-in and support for the total compensation strategy Discovering objective and subjective measures to evaluate the success of the total reward strateg Day 3 Understanding Pay Principles Describing the process and key steps in job evaluation and grading Defining variable pay and its structure Understanding compensation requirements in international mobility and types of expatriate package allowances Strategies for budgeting the annual pay cycle Understanding compensation benchmarking and its role in compensation management Day 4 Optimising Sales Compensation Key differences between sales compensation and general compensation Addressing the impact of sales compensation on the business Strategies for establishing governance for sales compensation Techniques and tools for building a pay structure and designing payout tables Describing the process of testing sales compensation Day 5 Data Analytics in Compensation and Benefits Identifying the role of data in optimising the compensation and benefit strategy Exploring data collection and analysis techniques needed to answer business questions Discovering types of compensation and benefits analytics: Total rewards analytics Analytics in benchmarking Analytics in base pay Understanding the methodology of pay gap analysis and its role in achieving equal pay Final presentation on benefit and compensation strategy

Compensation and Benefits Strategy Masterclass
Compensation and Benefits Strategy Masterclass
14 Cambridge Court, 210 Shepherds Bush Road
London, 

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