Compensation and Benefits
This program is designed for Professionals working in the function who wish to acquire relevant knowledge and skills, and for those working in other areas of human resources who wish to broaden their understanding of this important function. This program is worth 25 NASBA CPE?s.
Understand the basic principles and major elements of compensation.
Understand the various process in compensation - Job Analysis, Job Descriptions, Job Evaluation and Compensation Surveys.
Determine and explain what makes up a sound and effective compensation and benefits program.
Design a salary structure and related policies.
Design and carry out a compensation survey.
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Managing Compensation ? An Overview
Compensation Objectives
Components
Factors Affecting Compensation
An Effective Compensation Management System
Job Analysis and Job Descriptions
Principle Approaches to Job Analysis
Carrying Out a Job Analysis Interview
The Need for Job Descriptions
Job Evaluation
Job Evaluation Defined
Job Evaluation Methods
The Hay System- An Overview
The Meirc System Explained
Objectives of Compensation
Regional Compensation Practice
The Economic Factor in Compensation
Allowances
Purpose
Types of Allowance
Benefits
Definition
Objectives of a Benefits Program
Regional Practice ? Types of Benefits
International Practice
Main Features of a Long Term Benefits Program
What Are They and Why Do We Do Them?
Data Collection Methods
The Six Steps in Carrying Out a Compensation Survey
Analyzing, Interpreting and Reporting Data
