Compensation and Benefits

In this course, you will learn about the only part of human resources that works behind the scenes. Compensation and benefits is usually a function that professionals in the field typically avoid for its seemingly complex nature and dependency on mathematics. When you attend this course, you will change your mind about this HR specialty. We will explain the specifics of compensation and benefits in such a way that you be able to apply them easily at work.

The course will use a combination of theory and practical applications of course concepts. Participants will engage in simulation exercises that will emulate real life situations allowing them to gain a strong understanding of the concepts covered.

By the end of the course, participants will be able to:

• Explain the basic principles and major elements of compensation.
• Conduct a proper job analysis and write high-quality job descriptions.
• Apply the process of job evaluation fairly and systematically.
• Build a sound and effective salary structure using the right mathematical approach.
• Design organizationally fit allowances and benefits.

• Describe the basic compensation survey process as well as the terms needed to read and understand salary surveys.

Professionals working in the function who wish to acquire relevant knowledge and skills, and those working in other areas of human resources as administrators, officers, specialists, team leaders, managers and business partners who wish to broaden their understanding of this important function.

• Job analysis
• Writing job descriptions
• Conducting interviews
• Job evaluation
• Designing compensation systems
• Reading surveys