Advanced Compensation and Benefits

Introduction

Your organizations growth and success depend on the talent you attract, retain, and develop. This exciting and innovative course will use detailed case studies and the latest research to explain compensation and benefits strategies from an administrative, strategic, and human perspective.

Compensation, pay, benefits, salary and even praise makeup what is called ‘reward’. Compensation and benefits are an integral and vitally important part of the fabric of any organization, from small to large and from the government to private sector bodies.

This GLOMACS Advanced Compensation and Benefits training course will highlight the following:

• Explores compensation and benefits from an administrative, strategic, and human perspective
• Focuses on how to design compensation to suit the culture of the workplace
• Covers the strategic impact of compensation, benefits, and motivation
• Provides a toolkit of valuable practices that you can use after the course
• This advanced training is suitable for anyone who wishes to update their skills and knowledge in this vital area

Objectives

By the end of this Advanced Compensation and Benefits training course, participants will learn to:

• Describe best practices in compensation and benefits
• Explain the critical economic, psychological, and motivational concepts that influence reward
• Discuss the role of reward strategies and policies in an organization
• Differentiate between the factors that influence employee satisfaction with the compensation and benefits system
• Defend the case for non-financial rewards in attracting, retaining and motivating people

Training Methodology

Participants in this Advanced Compensation and Benefits training course will receive thorough training on the subjects covered by the training course outline. The Tutor will utilise various proven adult learning teaching and facilitation techniques. Training methodology includes a range of engaging, practical exercises, and activities. There will be practical sessions where participants can participate and experience topics. Case studies, videos, small group work, exercises, and feedback will all be used to facilitate learning.

Organisational Impact

Specific benefits to the organization include:

• Practical methodologies that can help improve compensation and benefits
• Staff promoting best practices in reward
• Improved employee engagement
• Implementation of reward best-practices
• Pay efficiencies improved, leading to better organizational performance

Personal Impact

Personal benefits include:

• Enhanced skills in compensation and benefits
• Improved practical knowledge of compensation
• The ability to understand reward strategy
• Increased understanding of human motivation
• Development of practical and transferable skills