Mastering Compensation & Benefits
Discover the Art and Science of Effective Compensation & Benefits Management…
Course Description
In today’s competitive business landscape, crafting a robust and competitive compensation & benefits strategy is essential to attract, motivate, and retain top talent. HR and C&B professionals must be equipped with the knowledge & skills to design, implement, and optimize strategic compensation and benefits practices. This thoughtfully designed program covers all critical aspects of compensation & benefits management. This program offers a deep dive into the principles, strategies and practices for managing compensation and benefits effectively.
Most Suitable For
HR Professionals seeking to expand their knowledge in compensation and benefits management
Key Learning Outcomes
- Understanding Total Rewards principles & framework
- Understanding inter linkage of business & reward strategy
- Gain deeper understanding of overall compensation philosophy and management
- Ability to develop & deploy rewards philosophy, strategy & plan
- Learn fundamentals of compensation benchmarking process
- Learn approach to take strategic compensation decisions based on benchmarking insights
- Ability to structuring the rewards mix using market benchmarks, performance and ability to pay
- Enhanced knowledge of technology based solutions
Coverage
- Understanding Total Rewards
- Key trends in rewards management
- Current challenges and future of C&B
- Comp. philosophy, rewards mix & structure
- Determining amount to pay
- Compensation benchmarking process
- Compensation analysis methodology
- Benchmarking based strategic decisions
- Factors – placement of individual in a range
- Understanding data anomalies & interpretation
- Leveraging compensation to increases attraction, motivation & retention
- Regulatory impact on compensation
- Leveraging latest technology in C&B
Andragogy
- Case studies, self-reflections & assessment, individual & group exercises, role plays, quizzes, chat, videos, App based activities, Q&A. (Need based pre & post program assessment )
Offerings
- F2F, Live Virtual Class & Webinar mode
- X’CEL approach for highly experiential, contextualised to the client’s business context for learner delight
- Optional Customization - Duration of Programs
- Training needs analysis prior to design and delivery for maximum program value & impact
- Pick & choose from a ready list or we can create one for you
- Facilitators with 15+ yrs. experience with deep subject knowledge & specialization
What Participants Say
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