Training Duration: 3 Days / 18 Hrs
• Introduction to the Program:
– Compensation and benefits are not only key tools for attracting and retaining top talent, but also essential for motivating employees and driving performance.
– This workshop explores how to design and manage effective compensation systems that align with business objectives and support employee engagement.
– Participants will learn how to balance base pay, incentives, and benefits to enhance employee satisfaction and productivity.
– The course also covers market competitiveness, internal equity, wage surveys, performance appraisals, and pay differentiation strategies.
• Training Outlines:
– Attract High Quality Employees
– Retain High Quality Employees
– Stimulate High Performance
– Components of the Compensation & Benefits (C&B) System
Base Pay (Wages)
Incentives & Benefits
– The Basic Tools of the C&B System
Wage Surveys
Job Analysis and Job Evaluation
Performance Appraisal
– Why Do Wages Differ?
Differences by Industry and Occupation
Differences Based on Individual Performance and Seniority
• Training Objectives:
– Understand internal and external factors influencing compensation and benefits decisions
– Learn the key elements of individual pay determination
– Identify and design various types of incentives and benefits
– Use compensation strategies to support organizational survival and growth
– Apply compensation and benefits tools in restructuring and change management scenarios
• Who Should Attend:
– HR managers and compensation & benefits specialists
– Payroll and reward professionals
– HR business partners involved in employee retention and motivation strategies
– Finance professionals supporting HR budgeting and compensation planning
– Line managers with input into performance appraisal and reward discussions
• Why Attend:
– To design compensation systems that attract, retain, and engage top-performing employees
– To understand how to leverage pay structures and benefits as strategic tools
– To align compensation with performance and organizational growth objectives
– To build fair, competitive, and motivating reward systems
– To apply compensation tools in organizational restructuring and change initiatives
