The British Academy for Training and Development offers a comprehensive programme designed to enhance strategic expertise in rewards management through the Certified Compensation and Benefits Professional Course. This course offers modern understanding of compensation strategies, benefits administration, and total reward systems and relating these to contemporary organisational objectives, this course starts with fundamentals that include job evaluation methods, giving the professional a chance to build fair and structured pay structures. The course looks at advanced methodologies relating to market pricing and benchmarking techniques and empowers participants to take data-based decisions around reward planning.

Attendees will have the knowledge of salary surveys, pay-for-performance models, and compensation policy formulation that upholds employee motivation while ensuring legal compliance. The programme deals with the basic principles of variable pay systems, short- and long-term incentive plans, and ensures that the professionals can build sustainable executive compensation packages.

The course emphasises other benefits too, like wellness benefits, healthcare plans, and retirement schemes, thus providing attendees with the necessary knowledge and skill set to manage holistic employee benefit frameworks. There the integration of global compensation strategies, tax considerations, and regulatory compliance horizontally is emphasized. 

The Certified Compensation and Benefits Professional Course enables attendees, through practical application, case studies, and world simulations, to be prepared to build and maintain reward systems that effectively attract, retain, and engage top talent.

Objective:

The objectives of Certified Compensation and Benefits Professional Course are:

To offer attendees with advanced knowledge of compensation and benefits management.For the design and implementation of total rewards strategies aligned with business goals.Offering practical tool sets for job evaluation, salary survey, and market benchmarking.This enables the understanding of incentive programmes, executive compensation, and non-cash benefits.Further enhancement of knowledge regarding international compensation practices and compliance regulations.Define and demonstrate an understanding of the importance of compensation to the overall aims of human resources managementAnalyse jobs using a systematic approach and prepare a draft job description.Evaluate jobs using the factor point system methodologyDesign a comprehensive compensation systemRecite the principal steps in a compensation survey and answer questions relating to the criticality of job matching to the success of any compensation surveyLink reward to performance using a fair quantitative approachWho Should Attend?

This course is ideal for:

HR professionals and reward specialists.The compensation and benefits analyst and manager.HR business partners dealing with strategic rewards decisions.Finance professionals dealing with HR compensation planning closely.Senior managers looking to enrich their insight with respect to employee reward systems. How Will Attendees Benefit:

After completing this course, attendees will gain numerous benefits:

Strategic Training: Deep insights into aligning compensation and benefit strategies with organisations to leverage performance and employee engagement will be gained by the attendees.Tangible Skills: Designing and implementing pay structures, gathering intelligence in the market, and benchmarking will be imparted to ensure their decisions are based on evidence and merit.Policy Development: Learn to articulate compensation policies that are visibly fair and justly administered, in consequence with local and international regulations.Incentive Planning: Learn to design staff motivation through retention performance rewards, including short- and long-term incentives.A Broad Spectrum of Knowledge: Provides knowledge in the area of cash benefits as well as all non-cash benefits, including healthcare plans, retirement schemes, and wellness programs.Global Readiness: Be ready for global compensation issues, including aspects regarding cross-border taxation, legal compliance, and cultural differences in reward expectations.Career Advancement: Grounding in domains of total rewards management will enhance one's professional credibility and open doors down the career path for deserving attendees in HR or executive leadership roles.Professional accreditation: A prestigious qualification showcasing expertise in the field of compensation and benefits that is accepted in all industry sectors.

Introduction to Compensation and Benefits

• Overview of total rewards strategy

• Strategic role of compensation and benefits in HRM

Job Evaluation and Pay Structure Design

• Methods of job evaluation

• Creating equitable and competitive pay structures

Salary Surveys and Market Benchmarking

• How to conduct and interpret salary surveys

• Utilising market data for effective benchmarking

Compensation Strategy Development

• Aligning compensation with business strategy

• Building a consistent compensation philosophy

Performance-Based Pay and Incentives

• Designing pay-for-performance models

• Structuring short-term and long-term incentive plans

Executive Compensation

• Key components of executive reward packages

• Governance and disclosure of executive pay

Benefits Design and Administration

• Types of non-monetary benefits

• Designing effective healthcare, retirement, and wellness programmes

Global Compensation and Legal Compliance

• Managing international rewards

• Navigating taxation, regulations, and compliance in different jurisdictions

Communication and Implementation

• Communicating compensation plans effectively

• Monitoring and evaluating compensation program success