TRAINING COMPENSATION AND BENEFITS MANAGER (CBM)

Training Compensation Manager

Training Benefits Manager

Description

A 2-day Training Program

“Design the right reward package that supports business goals,

objectives and which attracts, motivates and retains the bright talent”

Create Effective Retention Strategies

Successful organizations recognize the fact that retaining the current workforce is much

more cost-effective than recruiting and training the new employees. Having the right

compensation and benefits plan helps in developing existing talent and organizations

effectiveness.

Through this program the HR professionals understand the importance of compensation &

benefits, are able to understand the intricacies, basic reward system, the global trends in

compensation & benefits and are able to link pay with performance for better planning. By

the end of this program HR professionals will be able to source well structured and

reasonable compensation & benefits schemes that operate effectively, provide the best

value to the organization, and structure remuneration schemes that will attract and retain

the bright talent

Compensation and benefits is an emotive area, not only for the organizations but also for the employees. Establishing and managing a reward structure is one of the critical cornerstones of the human resource department. It is extremely important to design the right reward package that supports the business goals.

This program helps the HR professionals understand the importance of compensation and benefits in such a way that they are able to understand the intricacies, basic reward system, the global trends in compensation and benefits and are able to link pay with performance for better planning. By the end of this workshop participants will be able to source well structured and reasonable compensation and benefits schemes that operate effectively, provide the best value to the organization and structure remuneration schemes that will attract

By attending this workshop you’ll learn

* Understand the role of government regulation and social security in compensation globally
* Understand the 6 components of  a compensation system
* Understand the 8 steps of how to build effective variable pay systems
* Learn how to build a point plan and a job grading system to create internal equity
* Understand how globalization, sociological and demographic changes  effects compensation
* Understand how to create different levels of salary benchmarks
* Understand how the Hay Plan is built
* Understand mandated and cafeteria benefit systems
* Learn how reward planningcan be used to cut compensation costs
* Learn how to build high impact compensation systems in a recession

Unique benefits to the participants

* Get a comprehensive, information packed courseware during the program and for back home use
* Learn from the industry experts who have a vast experience in the area of HR
* Network with other professionals with same background and interest
* Brand yourself as a certified compensation & benefits manager
* Unique “risk free” money back guarantee
* Your satisfaction is guaranteed

At This Program You Will Learn

* The various benefits the employee are entitled to
* The different kinds of tax laws & their prerequisites
* The impact the culture & collective bargaining on compensation and benefits
* The elements of compensation and create a total compensation plans
* To develop and administer benefit plans
* To link pay to performance
* To set up incentive pay plan for the organization

Course Content

Module 1: Compensation & Benefits Environment
* The environmental factors effecting compensation & benefits
* Government regulation & social security in compensation
* Social changes & demographics in compensation
* Changes in compensation due to collective bargaining
* Changes in the compensation administration due to outsourcing & globalization

Module 2: Rewards & Basics of Compensation
* Compensation basics
* Components of compensation system
* Equity theory

Module 3: Building Internal Equity
* Job description
* Establishing internal equity: job evaluation methods
* Using job rankings
* Creating job grading
* Creating point plans
* Hay plan overview

Module 4: Building External Equity
* Different aspects of establishing external equity
* Salary survey
* Designing salary surveys
* Periodicity of salary surveys

Module 5: Building Individual Equity
* Performance pay options
* Building performance pay systems
* Steps in introducing pay for performance system
* Pay for performance: the challenges

Module 6: Benefit Plans & Total Reward Planning
* Benefit plans
* Mandated benefits
* Security/Insurance benefits
* Retirement benefits
* Time off related benefits
* Non-monetary perquisites
* Monetary perquisites
* Cafeteria plan/flexible benefit plans

Module 7: Total Reward Planning
* Reward strategy objectives
* Components of total reward

You Will Benefit The Most By Attending

This Program, If You Are…
* A HR professional involved in developing and administering the compensation & benefits plan

Metode :

Kelas interaktif (ceramah dan studi kasus), metode penyelenggaraan dapat dilakukan melalui training online, training zoom ataupun training tatap muka