Compensation plays an essential role in attracting and retaining the key talent.The Program will help gain insights into the various compensation and benefits management techniques, systems and methodologies.
By the end of the program delegates will be able to :
- Distinguish between total rewards and total compensation
- Understand the elements of the Total Rewards Framework
- Define Job Evaluation and its use to develop internally equitable compensation systems.
- Learn and Apply the point method to determine salary range
- Learn to Create pay grades & Establish Pay Ranges
- Learn and Design Incentives
- Understand the challenges in designing incentives that reward the desired behaviors.
- Ways to align the compensation strategy to the talent strategy
COURSE MODULES
- Best Practices of Talent Acquisition
- Designing Total Rewards Framework
- Applying Point Factor Evaluation for Pay Grading
- Aligning Compensation Strategy to Talent Strategy
In the simulation, participants will run the HR department in a fictional organisation, working in teams.
During the live session, the exercise requires the participants to make the same decisions around Compensation & Benefits that they would in the real world.
Acting in the roles of HR Practitioners will require participants to think holistically and weigh the impact of their decisions across the organization.
