Designing a Competitive Compensation and Benefits Package

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Designing a Competitive Compensation and Benefits Package

Given the current unpredictable business environment, HR leaders are now playing a crucial part in a significant shift in the industry. Companies are placing greater emphasis on talent management and recognizing the vital role of HR executives, who have never been more essential to the company’s success. Discover effective methods to drive change in your organization, the learning outcomes for Designing a Competitive Compensation and Benefits Package focuses on knowledge and skills in analysing and solving compensation-related problems, making informed compensation decisions, and communicating effectively with stakeholders about compensation-related issues.

Learning Outcomes

Understanding the legal concepts that impact compensation, including laws and regulations related to equal pay, minimum wage, overtime, and benefits.

Implementing, administering, and maintaining a compensation system that ensures fairness, consistency, and transparency and fosters employee engagement, motivation, and retention.

Understand the ethical considerations involved in HR analytics, such as protecting employee privacy and avoiding bias.

Evaluating the impact of compensation on mergers and acquisitions (M&A) and international assignments, and identifying the key challenges and opportunities in managing compensation across different cultures, currencies, and regulations.

Analysing and designing a compensation structure that aligns with the organisation’s strategy, goals, and values and reflects market trends and best practices.

Develop effective communication strategies to educate employees about the compensation philosophy, policy, and practices, and address their questions,concerns, and feedback.

Analyse data using statistical and data analysis techniques to identify trends and patterns in HR metrics and develop actionable insights.

Course Description :

Day 1 :

Introduction to Designing a Competitive Compensation and Benefits Package
Introduction to Compensation
Legal Concepts that Impact Compensation
Designing a Compensation Structure

Day 2 :

Implementing, Administering, and Maintaining a Compensation system
Compensation Communication
Compensation for M&A and International Assignments
Conclusion

Overall, the learning outcomes for Designing a Competitive Compensation and Benefits Package focus on knowledge and skills in analysing and solving compensation-related problems, making informed compensation decisions, and communicating effectively with stakeholders about compensation-related issues.

Course Information

Duration

2 days on a weekend

Faculty

Micro-Credential IUKL & EDUK8U Grad School Asia

Program Fee

100% HRD claimable
Contact us for details

Learn Without Limits

Understanding the legal concepts
Analyzing and designing a compensation structure
Develop effective communication strategies
Understand the ethical considerations involved
Analyze data using statistical and data analysis techniques
Evaluating the impact of compensation on mergers and acquisitions (M&A) and international assignments

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