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
