Effective Compensation & Benefits Management

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Course Objectives

Understand the compensation philosophy and policy framework  Align the reward strategy with company’s business strategy  Understand market pay practices & limited or ambiguous market data  Learn essential techniques to define and evaluate jobs  Identify the components in the rewards system such as direct, indirect & non-financial compensation, etc.  Make salary payment decisions considering performance appraisals  Practises the design of a salary structure taking into account of limited budgets for salary increment

Target Audience

HR Managers, HR Executives, Finance Managers, Administrators, Payroll/Accounts Executives and anyone interested or has responsibilities in the area of Compensation & Benefits.

Methodology

Applicable industry examples, group discussions and sharing, exercises, role play and case studies.

Course Modules

Module 1 – Importance of Compensation Policy & Procedure in the organization
Module 2 – Planning Compensation Survey – purpose, techniques, types, market practices and result compilation
Module 3 – Understanding & establishing the internal equity; work environment
Module 4 – Job Evaluation
Module 5 – Salary System
Module 6 – Fixed & Variable Compensation
Module 7 – Performance Management
Module 8 – Case studies Analysis on Employee Performance & Improvement

Get To Know The Trainer

Trainer Brian

 4.5

He started off his career in 1980 as a Senior Officer with the Ministry of Information for 15 years and gained extensive management experience.  Later he moved to a Japanese based company where he was in charge of the whole spectrum of human resource.

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COURSE BENEFITS

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RM1,340/DAY

RRP RM1,915/DAY   SAVE RM575

*T&C Applies

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