The Frameworks for Compensation Management Course. This course is created to Learn how to be an effective Compensation Management practitioner, whether generalist or specialist. Learn Compensation Types, Theories, Pay structure, Contingent pay and Compensation design with demo. It includes engaging video lectures, case studies, useful frameworks, downloadable resources and sample models.
Management of compensation in the workplace is a matter of central concern to all managers and not only to HR professionals. Therefore, all managers, irrespective of their functional areas, are called on to solve problems that involve significant Compensation Management issues. Basic knowledge and better understanding of Compensation design would help them in solving such problems. This course aims at imparting knowledge on Compensation management with demonstration on Pay structure and Payroll designing plus different methodologies like Performance pay, Skill pay, Competence pay, Contribution pay and Service pay
With this course as your guide, you learn how to:
All the basic functions and skills required for the compensation design and administration.
Transform your planning and efficiency capability for the current business climate
Get access to recommended templates and formats for common Payroll and Compensation Management.
Learn useful case studies, industry practices and demonstrations of different Compensation management practices or models with useful forms and frameworks
Invest in yourself today and reap the benefits for years to come
The course includes Case studies, resources like formats-templates-worksheets-reading materials, and Strategic Compensation management processes like Executive Compensation with case study
In the first part of the course, you’ll learn the most common compensation management processes like Compensation Types, Theories, Pay structure, Scope, Factors, Process and Challenges of Compensation Management
In the second part of the course, you’ll learn how to improve your Strategic Compensation Management and Design. You will also learn the skills required for designing methodologies like Performance pay, Skill pay, Competence pay, Contribution pay, Service pay and Executive Compensation with case study
In the final part of the course, you’ll develop the ability analyse and design Compensation Management issues or scenarios with frameworks and models related to CTC Structure and Payroll administration. You will get full support and all your quarries would be answered guaranteed within 48 hours.
Salary Structure of Grade 1 Executives with calculation methodology
Skill and Experience based Compensation structure
Grade based Compensation Policy
Rules for Statutory Deductions Exemptions Perquisites-Payroll
PMS & Compensation and Benefits
Competency based pay
Skill set and behavior assessment template
Sample CTC Structure in Excel
Simple Excel Payroll Administration
Advance Excel Payroll Administration
Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, budding HR Professional. This course is an opportunity to sharpen your leadership and management abilities, increase your efficiency for professional growth and make a positive and lasting impact in the organization.
Introduction to Compensation Management and Administration
Objective of Compensation
Types of Compensation
Theories of Compensation
Concept of wages