Compensation and Benefits

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 wishes 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