- Payment Terms: Enquire
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
Day 1Managing compensation: an overview
* Compensation objectives
* Total compensation
* Direct and indirect compensation
* Balancing compensation components
* Equitable, value adding, competitive and motivating compensation
* Internal consistency
* External consistency
* The hierarchy of needs and compensation
Day 2
Job analysis and job descriptions
* Uses of job descriptions
* Job analysis explained
* Carrying out the job analysis process
* Conducting a proper job analysis interview
* Explaining a typical job description
* Job analysis: a summary
Day 3
Job evaluation
* Definition of job evaluation
* Job evaluation systems
* Introduction to the Hay system
* Job grading
* Sources of error in the job evaluation process
Day 4
Compensation systems
* Objectives of compensation
* Decisions to take
* Designing base salary structures
* Allowances to offer
* The structuring of benefits' programs
* Important considerations in compensation
* Managing your compensation programs
Competitive compensation
* Staying competitive
* Designing and carrying out compensation surveys
* Four basic survey methods
* Data requirements
* Issues related to the implementation of change
Day 5
Performance based rewards
* The definition of Performance Management (PM)
* Objectives of performance management
* Current and prevailing PM systems
* Rewarding performance
* Rewarding the right behaviors and results
* Key Performance Indicators
Updated on 16 May, 2024
Eligibility / Requirements
Ther are no eligibility requirements to attend this course.
Job roles this course is suitable for:
Human resources manager , Compensation & Benefits Specialist , HR officerAbout Convertas
CONVERTAS is a reliable advisory firm, helping organizations develop their activities to align with their objectives adopting the best practices.
Our trainings and workshops cover all areas of business including Management,Soft Skills and Human Resourses Management, Marketing and Sales, Accounting and Finance, Procurement and Logistics, targeting organizations, managers and employees. Whether in-house or public, trainings are organized with the highest qualified trainers.
Our methodology relies more on the use of audio-visual impact which is more effective than the lecture style. Presentations, videos and simulations methods have proven to be very effective for people to remember.
Moreover, doing and teaching are the best vehicles for learning and remembering. This includes involving the trainee in the teaching process by interacting, through completing worksheets and inciting to explain and present what is acquired.
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