Certified Compensation and Benefits Professional Program

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09 Sep

Certified Compensation and Benefits Professional Program

Certified Compensation and Benefits Professional Program

Saturday, September 9, 2023 (12:00 AM) to Friday, April 30, 2027 (11:59 PM)
12 PDCs
Provider: Meritt HR Consultants Pvt. Ltd.
Course Name: Certified Compensation and Benefits Professional Program

Speaker: Nirmala Garg
Program Type: Seminar/Workshop
Registration URL: http://www.merittconsultants.com/contact-us/
Certified Compensation and Benefits Professional Program, New Delhi
Email Details

Learn about the fundamental concepts of compensation, benefits, rewards and total rewards. Learn how to link your compensation philosophies and strategies to your organization goals and HR objectives. Learn about job evaluations and job pricing, and their significance in setting salaries and employee rewards. Learn about the key statistical methodologies used in compensation research and data analysis. Learn how to design appropriate and relevant total compensation plans and reward programs. Learn about the principles of evaluating performance and linking performance to effective rewards. Learn about market compensation and benefits benchmarking surveys, and how to use the market data results in determining your internal salary levels. Learn how to develop performance-based pay systems, and other variable pay programs. Learn how to design compensation structures and flexible pay plans based on tax laws and statutory compliances. Learn how to design effective reward communication programs for your business success.

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Certified Compensation and Benefits Professional Program Live Virtual Instructor led Training 9 Sep | 10 Sep | 16 Sep | 17 Sep, 2023 [Sat-Sun] 2:30 pm - 5:30 pm [3 Hours] Total 12:00 Hours Session E-learning : From Sep 9 to 17 Sep 2023 SESSION I: COMPENSATION SYSTEM AND REWARD CONCEPTS Introduction, Understanding of the Fundamentals of Compensation, Benefits, Rewards Total Rewards, Components of Compensation Systems Compensation Systems in the Indian Environment, Compensation Approach and Framework Reward Philosophy, Reward Strategy, Total Reward Programs Factors Affecting Rewards, Statutory Compliances, Environmental Factors, Impact of Globalization on Compensation Programs SESSION II: JOB EVALUATION AND PRICING Job Evaluation, Aspects of Job Evaluation Job Evaluation Methodologies, Job Design Point Rating Method, Linking Job Points to Pay Points Hay Guide Chart Profile Job Evaluation and Pay Determination Job Pricing, Narrow Banding, Broad Banding SESSION III: COMPENSATION SURVEYS AND DATA ANALYSIS Compensation Surveys, Types of Surveys, Survey Data Analysis Job Equivalence, Job Evaluation and Salary Data Grade Point and Market Salary, Median Pay, Percentiles, Compensation Ratios, Salary Rates, Salary Equity, Market Parity. Evolution of Compensation Structures Types of Employee Rewards, Standard Reward Practices, Flexible Pay Programs Developing Different Compensation Structures in a Global Environment Communicating of Compensation and Benefits Structures as ‘Employee Value Proposition’ SESSION IV: DEVELOPING COMPENSATION STRUCTURES AND VARIABLE PAY PLANS Variable Pays, Types of Variable Pays (STI, MTI, LTI), Trends in Variable Pays, Designing Variable Pays, Steps in Introducing Variable Pays, Rewarding Critical Roles and Hot Skills, Different Types of Variable Pay Programs. Defining Performance Parameters, Measuring Performance, Basic Guidelines for Rewarding, Typical Reward Models, Linking Rewards to Performance, Pay for Performance, Integrating Total Rewards with Job, Market and Performance. Communication of Reward Programs, Changing Approach to Reward Communications, Steps in Effective Reward Communication, Implementation Guidelines for Reward Programs in Organizations. WHO CAN ATTEND This Program is recommended as a must for all those people who have a direct or indirect role to play, and are in a position to influence and take decisions in the areas of Compensation & Rewards processes of organizations. The suggested categories of participants are HR heads/HR managers, reward heads/reward managers, recruitment heads/ recruitment managers, payroll managers, staff managers, business managers, line managers, recruitment consultants, HR consultants, reward consultants etc. KEY TAKEAWAYS Learn about the fundamental concepts of compensation, benefits, rewards and total rewards. Learn how to link your compensation philosophies and strategies to your organization goals and HR objectives. Learn about job evaluations and job pricing, and their significance in setting salaries and employee rewards. Learn about the key statistical methodologies used in compensation research and data analysis. Learn how to design appropriate and relevant total compensation plans and reward programs. Learn about the principles of evaluating performance and linking performance to effective rewards. Learn about market compensation and benefits benchmarking surveys, and how to use the market data results in determining your internal salary levels. Learn how to develop performance-based pay systems, and other variable pay programs. Learn how to design compensation structures and flexible pay plans based on tax laws and statutory compliances. Learn how to design effective reward communication programs for your business success. WHAT YOU WILL GET? Manual User Guide Book Detailed Pre-reading material before each session Recordings of the sessions Practical assignments during the session and follow-up assignments Final Project work on given topics to be completed in 60 days On completion, you will receive "Recognition Certificate" with Grades Your Name will be listed in the Meritt Training Directory Participants will be awarded SHRM Professional Development Credits (12 PDCs) Contact Meritt Learning Center Email: training@merittconsultants.com; Contact: +91-7428466822 www.merittconsultants.com

Certified Compensation and Benefits Professional Program
Certified Compensation and Benefits Professional Program
D-3/3535
Vasant Kunj
New Delhi, 110070

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