Compensation and Benefits Management

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21 Jul

Compensation and Benefits Management

Compensation and Benefits Management

Monday, July 21, 2025 (12:00 AM) to Friday, July 25, 2025 (11:59 PM)
17 PDCs
Provider: London Premier Centre LPC
Course Name: Compensation and Benefits Management

Speaker: ALEDA KUSHTA
Program Type: Seminar/Workshop
Registration URL: https://www.lpcentre.com/human-resources/compensation-and-benefits-management
Compensation and Benefits Management, Barcelona
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By the end of Compensation and Benefits Management Course you will be able to : Define what is Compensation and benefits? Explain the importance of Compensation and benefits to attract and retain the right talent Understand the components of Compensation and benefits management Strike the right balance between fixed and variable pay for each role/ job Compensate fairly for the level of experience, technical expertise, competencies that individuals bring to the table Develop skills to effectively design employee package to achieve win-win for both employer and the employees Successfully manage to retain the best talent in the competitive marketion Develop a clear understanding of reward philosophy and strategy Demonstrate how the component parts of reward strategy fit together Explore issues surrounding the effective management of the human resource Describe why staff are the most expensive resource of the organisation Evaluate new practices that might benefit their organization Preparing a salary structure and other related policies Understand the basic compensation survey process

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Day1 : Introduction to Compensation and Benefits Management What is Compensation and benefits management? Benefits of Compensation and benefits Basic principles of Compensation and benefits management Difference between compensation and benefits Designing the compensation and benefits plan Philosophy of reward Pay structures and systems Reward strategies and the psychological contract Job grades and Career mapping Job evaluation Pay surveys Day2 : Compensation and Benefits - in Context Motivation models, money and motivation Performance management and performance related pay Competency frameworks Team rewards Upward and 360 appraisals Contingent pay Day 3 : Compensation Structure Understanding the different components of compensation policies Understanding the components on which the pay levels get affected How much should we pay for competence? Understanding the basic pay scale The grading scale and progression and spread The International Perspective International and multinational perspectives The labour market and Human Resource planning Equality and diversity Job analysis Dynamic organisations and change management strategies The changing context and nature of the employment relationship Day4: The methodology of Allowances and Benefits Understanding the purpose of allowance The different kinds of work allowance Nature and non-nature of work allowance Understanding the importance of benefits Different categories of benefits Employee Involvement Employee engagement Employee participation Trades Unions and Employee Representatives Consultation Involvement in and support of change Practical activities Day5 : Benefits and Compensation Surveys Understanding the regional practises and effective management of benefits program and long – term benefits plan Role of compensation surveys Training on preparation of a compensation survey reports Training on carrying out compensation surveys Review of the course and “Question and Answer session” Current Good Practice Flexible benefits National minimum wage Commissions and sales staff Profit sharing Case study Action planning

Compensation and Benefits Management
Compensation and Benefits Management
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