Certified Compensation and Benefits Professionals

Certified Compensation and Benefits Professionals

OBJECTIVES

• Define and clearly understand the importance of compensation to the overall aims of human resources management.
• Examine and comment on the benefits of job evaluation to an organization’s compensation programs and choose an appropriate system.
• Understand regional compensation practice.
• List the principle steps in designing a compensation survey and answer the question, why is job matching critical to the success of any compensation survey?

COURSE OUTLINE

Managing Compensation – An Overview

• Compensation Objectives
• A Total Compensation Management System

Job Analysis and Job Descriptions

• Uses of Job Descriptions
• Job Analysis Explained

Job Evaluation

• Job Evaluation: A Definition
• Introduction to The Hay System
• Managing and Controlling The Job Evaluation Process – The Use of Committees 

Compensation Systems

• Objectives of Compensation
• Designing Base Salary Structures
• Allowances and Benefits
• The Economic Factor in Compensation
• Managing Your Compensation Programs

Competitive Compensation

• How Do I Stay Competitive?
• Data Collection Methods
• Designing, Conducting and Interpreting Compensation Surveys
• Issues Related to the Implementation of Change

Summary

• The Need to Remain Fair and Competitive

Keeping Pace with Regional Practice