Training Overview
This course will give practical guidance to enable you to design and implement your own plans using advanced excel spreadsheets for building a total remuneration benchmark and achieving better business results through a more effective approach to pay benchmarking and designing compensation plans. This course will provide you with the latest best practice advanced compensation techniques and you will have an opportunity to discuss and test various ideas and to establish what may work for your company.
Learning Outcomes:
- Increase your business performance and employee effectiveness by developing a clear job grading structure that correctly values the responsibilities and contributions of each job to determine the correct grade for each job in your organization
- Discover practical steps for implementing a range of advanced compensation techniques including advanced methods of market pay benchmarking and advanced tools for managing pay-for-performance.
- Develop solutions for your own compensation and reward issues and challenges based upon practical case studies and interactive course and clinic discussions
- Network with your fellow course delegates and course tutor to discuss practical issues related to compensation and reward management that will help you in your workplace
Who should attend?
This course is designed for everyone who requires an in-depth advanced knowledge of working with and managing salary structures and compensation and reward issues, including both HR generalists and C&B specialists and all professionals who work in HR at all career levels and all specialists who work in Compensation and Benefits, at both an “intermediate” and “advanced” level.
The participants should already have practical knowledge and working experience of working with the main “fundamentals” of managing compensation including knowledge about Pay Strategy, Grade Structures, Market Pay Levels and Benchmarking, Designing Payscales and Salary Structures, Calculating Compa-Ratios, and simple Payscale Formulae (such as the single-step approach of 80%-120% for min-max pay ranges).
Trainer
