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Compensation Management & Administration in HR (Advanced)

Learn the Types, Theories, Pay structure, Contingent pay and Compensation design with demo

  • 3000
  • 15000
  • Course Includes
  • 3 Hours Video Class
  • Downloadable Recourses
  • 1 Year Access
  • Free Certificate of Completion

Enrol and get access to the full course.

What you will learn

  • You will learn the key factors in the Compensation Design and Administration
  • Learn the Compensation Types, Theories, Pay structure, Contingent pay and Compensation design with demo
  • Learn about the Skills required for Compensation management with demonstration on Pay structure and Payroll designing
  • This training will be useful if your job involves advising, managing and improving the compensation management or design...
  • What is Compensation Management and the Scope, Factors, Process and Challenges of Compensation Management
  • Learn different methodologies like Performance pay, Skill pay, Competence pay, Contribution pay and Service pay
  • Learn Strategic Compensation management processes like Executive Compensation with case study
  • This online course is packed full of professionally produced downloadable resources, which will enable you to start prac...

Requirements

  • This course is suitable for practising HR professionals who desire to go deeper into understanding the practice of compensation management. It is advisable for you to download the course resources before beginning this course, as you may need them in some stages. You can find the downloadable zip file which contains all these resources in the last section of the course.

Description

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.

 

Downloadable Resources

  • 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

  • PMS Formats

  • 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.

Course Content

Click on the tabs to view all the contents
Introduction to Compensation Management and Administration
preview 9min
Objective of Compensation
8min
Types of Compensation
18min
Theories of Compensation
11min
Concept of wages
10min
Kinds of Pay Strurcture
11min
Essentials of Pay Structure
11min
Factors Influencing Pay Structure
18min
Steps in Compensation Administration
9min
Challenges in Compensation Administration
8min