Advanced Compensation and Benefits

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

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

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.

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 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

This Glomacs Advanced Compensation and Benefits training course is suitable for a wide range of professionals but will benefit:

• Human Resource Professionals working in the compensation and benefits discipline
• Those working in or recently transferred to compensation, benefits, or reward positions
• HR staff who are responsible for the administration of benefits or reward
• HR Business Partners
• Anyone involved in salary, pay and conditions of work

DAY 1

Compensation and Benefits in Context

• Business Contexts for Compensation and Benefits
• Long-term Compensation Trends
• Composition of the Pay-package
• Compensation and Benefits Strategy
• Total Reward Concepts

DAY 2

Reward in Action

• The Administration of Compensation and Benefits
• The Global Perspective
• Executive Compensation and Benefits
• Public-Sector and Private-sector Contrasts
• Salary and Pay Surveys

DAY 3

Performance and Motivation Issues 

• Pay and Motivation
• Performance Management
• Appraisal and Reward
• Performance-based Pay
• Bonuses and Incentives

DAY 4

Compensation and Benefits Strategy

• Understanding the Principles of Strategy
• Compensation and Benefits Strategies
• Reward Strategy as a Process
• Step-by-step Guide to Developing a Reward Strategy
• Job Evaluation Explained

DAY 5

Compensation Best Practices 

• Developments in Compensation and Benefits
• Flexible Benefits
• Pensions
• Pay Inequality
• Personal Action Planning

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com