Compensation Benchmarking

Is your compensation strategy enabling you to attract & retain the best talent in this competitive market. How do you decide the quantum & structure of compensation?

Overview

To hire and retain the best talent, competitive compensation matters. It should niether be too less to lose the talent nor too high that it impacts the the budget. You do not want talent to stay just for money. While it may look like simply “how much we are paying”, it is much more than that. Compensation benchmarking helps in making data-driven decisions. Strategic compensation decisions backed by scientific compensation benchmarking help you get the best return on your investment and gain a competitive advantage. Our practitioner-based program is designed to equip participants to acquire a better understanding & skills for compensation benchmarking. This facilitator-led course will enable you to align your compensation practices with industry standards.

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Target Audience

HR professionals with core compensation knowledge.

Outcomes

  • Gain deeper understanding of overall compensation philosophy and management
  • Learn fundamentals of compensation benchmarking process
  • Understand techniques to help analyse market salary & benefits data
  • Learn approach to take strategic compensation decisions based on benchmarking insights
  • Tips for making compensation benchmarking process more efficient

Coverage

  • Compensation & total rewards
  • Compensation philosophy & compensation structure
  • Terminologies in compensation
  • Why compensation benchmarking
  • The benchmarking process
  • Defining the scope, comparator basket, roles for benchmarking
  • Compensation analysis methodology
  • Taking strategic compensation decisions based on benchmark insights
  • Factors influencing placement of individual in a certain range
  • Understanding data anomalies and interpretation

Offerings

  • F2F, Live Virtual Class & Webinar mode
  • Credits-based attractive corporate scheme
  • Facilitators with 15+ yrs. experience with deep subject knowledge & specialization

Optional Customisation

  • Duration of programs
  • Multiple sessions can be organised during the day
  • Training needs analysis before design and delivery for maximum program value and impact.

Program Information

  • Delivery Mode: Webinar, Live Virtual Class, F2F

  • 1 hour >> 1 day

Testimonials

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