Compensation and Benefits Administrator

courses Syllabus

Introduction

Explore the fundamental aspects of effective compensation and benefits administration, delving into strategic dimensions that enhance organizational value and achievement of strategic objectives. Skilllinx presents an engaging courses that emphasizes the critical role of compensation and benefits management in organizational success.

Highlights:

• Analysis of current strategic issues confronting organizations
• Strategic impact of pay and motivation
• Encouraging participation, engagement, and achievement of organizational objectives
• Designing compensation strategies to adapt to societal and organizational changes
• Toolkit of practical practices for evaluating and enhancing existing strategies

Objectives

Upon completion, participants will be able to:

• Develop a clear understanding of reward philosophy and strategy
• Demonstrate how different components of reward strategy integrate
• Explore effective human resource management issues
• Recognize the significance of employees as the organization's most valuable resource
• Evaluate new practices for organizational benefit

Content

Day One

Compensation and Benefits - Good Organizational Practice

• Reward philosophy
• Pay structures and systems
• Reward strategies and the psychological contract
• Job grades and career mapping
• Job evaluation
• Pay surveys

Day Two

Compensation and Benefits - in Context

• Motivation models, money, and motivation
• Performance management and performance-related pay
• Competency frameworks
• Team rewards
• Upward and 360 appraisals
• Contingent pay

Day Three

The International Perspective

• International and multinational perspectives
• Labor market and human resource planning
• Equality and diversity
• Job analysis
• Dynamic organizations and change management strategies
• Changing nature of the employment relationship

Day Four

Employee Involvement

• Employee engagement
• Employee participation
• Trades Unions and employee representatives
• Consultation
• Support for change
• Practical activities

Day Five

Current Good Practice

• Flexible benefits
• National minimum wage
• Commissions and sales staff
• Profit-sharing
• Case study
• Action planning