Compensation & Benefits Management

Introduction

Focuses on designing fair, competitive, and compliant compensation systems suitable for industrial and technical workforces.

Objectives

· Understand compensation structures

· Design salary frameworks

· Manage benefits programs

· Ensure internal equity

Target Audience

· Compensation Specialists

· HR Managers

· Payroll Officers

· Finance & HR Coordinators

Course Outline (5 Days)

Day 1: Compensation Principles

· Total reward concepts

· Pay philosophy

· Internal vs external equity

· Market competitiveness

Day 2: Job Evaluation

· Job analysis techniques

· Job grading systems

· Point-factor methods

· Role benchmarking

Day 3: Salary Structures

· Pay scales design

· Allowances and premiums

· Incentive schemes

· Pay progression

Day 4: Benefits Management

· Benefits design

· Medical and insurance plans

· Retirement schemes

· Benefits administration

Day 5: Compliance & Governance

· Compensation policies

· Cost control

· Audit and reporting

· Reward strategy review