Training Duration: 3 Days / 18 Hrs
Introduction to the Program:
Employees can be motivated not only through financial rewards (base pay) but through incentives and benefits as well. This workshop discusses the importance of compensation and benefits in a business setting. Participants will learn how to create systems that attract talented candidates, retain quality employees and encourage superior performance.
Training Outlines:
- Attract High Quality Employees
- Retain High Quality Employees
- Stimulate High Performance
- Components of the C&B System
- Base Pay (wages)
- Incentives & Benefits
- The Basic Tools of the C&B System
- Wage Surveys
- Job Analysis/Evaluation
- Performance Appraisal
- Why Do Wages Differ?
- Differences by Industry and Occupation
- Differences Based on Individual Performance and Seniority
Training Objectives:
- Know the Internal & External Factors Influencing the C&B Decisions
- Learn all about Individual Pay Determination
- Know the Types of Incentives
- Ensure Organizational Survival and Growth
- Use C&B in Restructuring Cases