Today employee costs are rising and managing these costs in an optimal manner is critical for organizational success. The organizations need to maintain a balance between the salary hike and profitability and productivity. Compensation and benefits is an emotive area, not only for the organizations but also for the employees. Establishing and managing a reward structure is one of the critical cornerstones of the human resource department. It is extremely important to design the right reward package that supports the business goals.
Who should take this course
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
Certificate accredited by the Carlton Advanced Management Institute(CAMI) Board approved by HRCI
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
About Course Provider
Middle Earth HR is today one of the largest specialist training, education and knowledge support companies for HR professionals worldwide. It was founded by Nitin Sanker and Nandita Sanker in 1996.The duo strongly believed that HR in Organizations play a vital role in bringing smiles to the employees and their productivity. They aimed to build HR and thus human happiness by creating learning opportunities and bringing a change in HR in Organizations.
Under the leadership of Nitin Sanker, MEHR has partnered with Carlton Advanced Management Institute (CAMI), a global affiliating partner and a research body. MEHR extended certifications for its training programs which were hugely successful because of its curriculum, industry validation, and experiential trainers.
MEHR takes pride that it has trained more than 35000 HR professionals from all levels across the globe and also has partnered with more than a 1000 companies in their HR training & development.
How to enroll?
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