Compensation and Benefits Mastery: Strategies for Competitive Advantage
Introduction
This programme is designed to provide participants with a comprehensive understanding of compensation and benefits management. It is tailored for:
* Professionals currently working in the compensation and benefits function who wish to acquire advanced knowledge and skills.
* HR professionals from other areas who wish to broaden their understanding of this vital function.
The course delivers a structured, practical approach to compensation and benefits systems, equipping participants with the tools to design and manage reward programmes that enhance organisational performance and employee satisfaction.
Objectives
By the end of this course, participants will be able to:
* Explain the **basic principles and major elements of compensation**.
* Apply the processes of **job analysis, job descriptions, and job evaluation.
* Determine and explain the features of a sound and effective compensation and benefits programme.
* Design a **salary structure and related policies**.
* Describe the **compensation survey process** and apply survey results to decision-making.
Course Outline
Day One: Managing Compensation – An Overview
* Compensation Objectives, Components, and Factors Affecting Compensation
* Features of an Effective Compensation Management System
Day Two: Job Analysis and Job Descriptions
* The Need for Job Descriptions
* Principal Approaches to Job Analysis
* Steps in the Job Analysis Process
* Components of a Job Description
* **Workshop:** Job Description Writing – Practical Application
Day Three: Job Evaluation
* Job Evaluation Defined
* Job Evaluation Methods
* Understanding Job Evaluation Systems
* The Hay System: An Overview
* Guidelines for Job Evaluation
* Common Sources of Error
Day Four: Compensation Systems
* Main Compensation Policies
* Factors Affecting Pay Levels
* Paying for Competence
* Basic Salary Structures
* Salary Structure Design
* Determining the Right Number of Grades
* Spread and Progression in Pay Structures
Day Five: Allowances and Benefits
* **Allowances as Part of Total Pay**
* Purpose of Allowances
* Nature of Work Allowances
* Non-Nature of Work Allowances
* Regional Practices
* **Understanding Benefits**
* Definition and Purpose of Benefits
* Categories of Benefits
* Regional Practices
* Managing an Effective Benefits Program
* Features of a Long-Term Benefit Plan
Day Six: Compensation Surveys
* Purpose of Compensation Surveys
* Designing and Conducting a Survey
* Understanding and Using Compensation Survey Reports
Program Wrap-Up & Action Planning
* Review of Key Concepts
* Developing Practical Action Plans for Compensation & Benefits in Participant Organizations
Training Methodology
The programme uses a **highly interactive methodology** to ensure maximum learning and application, including:
* **Case studies** on real-world compensation systems.
* **Workshops and group exercises** for hands-on practice (e.g., job description writing, salary structure design).
* **Role plays and simulations** for tackling HR compensation challenges.
* **Practical tools and templates** that participants can take back to their workplace.
* **Peer and facilitator feedback** to strengthen confidence and application.
Who Should Attend
This course is ideal for:
Compensation & Benefits Specialists seeking to advance their expertise.
HR generalists and HR business partners who want to deepen their knowledge of reward management.
HR Managers and Supervisors are responsible for designing and implementing pay and benefits structures.
Finance and Payroll Professionals collaborating with HR in employee compensation and benefits.
Organisational Leaders & Line Managers involved in employee motivation, retention, and performance.
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
