INTRODUCTION
One of the biggest factors why people join companies in the compensation and benefits, salaries, perks, incentives etc which is given to them. Apart from the company's reputation and job profile, the money offered as a salary is pivotal in attracting people to work for the organization.
The more compensation and benefits offered to employees, the more is their loyalty, motivation to work and do well. However, companies which offer lesser salaries see a high attrition rate and less productivity from employees. All these factors help in making compensation and benefits an important factor in managing the workforce.
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.
OBJECTIVES
By the end of Compensation and Benefits Strategy Masterclass course, participants will be able to:
Explain the basic principles and major elements of compensation
Apply the various processes in compensation: job analysis, job descriptions and job evaluation
Explain what constitutes a sound and effective compensation and benefits program
Design a salary structure and related policies
Describe the basic compensation survey process
WHO SHOULD ATTEND ?
This Compensation and Benefits Strategy Masterclass course is designed for :
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.
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.
COURSE OUTLINE
Day 1
The role of Compensation within the organisation
Defining the role and purpose of compensation
The importance of perception and communication
Recent research
Day 2
The role of the Compensation and Benefits function
Defining the value of C&B within your organisation
How C&B links to the wider HR function
How C&B can work with the wider HR community to deliver integrated tactical and strategic programmes
The importance of perception and communication
Day 3
Building a Total Compensation Plan (with a focus on non-cash reward)
Defining total compensation and articulating its importance to the organisation
Defining non-cash rewards
Measuring and communicating non-cash rewards
Introducing the concepts of employee branding and employee value proposition
Day 4
Refining key skills (dependent upon the needs of the delegates)
The core competencies of a successful HR professional (focus on building relationships and business acumen)
Implementing change an introduction
Making performance improvement your core deliverable
Building your personal workplace credibility and courage
What working in partnership looks like (including hints and tips)
Day 5
Personalised Feedback
Participants will be offered individual coaching, worksheets and exercises to build a development plan for success
Participants will be offered the opportunity to discuss their experiences and work through either fellow delegate issues or case studies
IN-HOUSE TRAINING
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and concludeat 13:00, followed by lunch on a daily basis.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred modeof payment. For Further Information, please get intouch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds.
For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
CONTACT INFO
LONDON
47 49 Park Royal Road
NW10 7LQ, London
T: +44 (0) 20 80 900 464
E: info@lpcentre.com
DUBAI
Office 501
Clover Bay Tower, Business Bay
T: +971 4 421 4616
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
T: +60 19-305 5694
www.lpcentre.com