The British Academy for Training and Development offers the Certified Compensation and Benefits Professional Course. It aims to develop capabilities for HR professionals in matters regarding compensation methodologies, management of employee benefits, and total rewards systems.

It gives attendees an intensive yet broad understanding of cutting-edge approaches toward compensation planning, benefits administration, and reward management frameworks. Through theoretical constructs and practical applications, it prepares attendees on how to design competitive salary structures, evaluate job roles, and implement effective performance-based incentives. Issues such as regulatory concerns, market trends, strategic alliances of compensation and benefits with organisational objectives toward attracting, motivating, and retaining top talents are extensively covered.

Attendees will engage in the actual job evaluation, salary survey analysis, and creation of legally and employee needs relevant benefits packages. By the end of the course, attendees can derive paradigms enabling employee satisfaction and organisational success.

Objective:

The major objectives of Certified Compensation and Benefits Professional Course.are:

Understand the principles of total rewards and their impact on employee motivation.Develop effective compensation strategies aligned with organisational goals.Gain expertise in benefits programme design and administration.Learn techniques for job evaluation and market pricing.Analyze salary survey data and apply insights to compensation decisions.Ensure compliance with labor laws and ethical standards in compensation and benefits.Enhance decision-making skills for performance based pay systems.Build competencies in reward management and employee engagement.Design a comprehensive compensation system.Recite the principal steps in a compensation survey and answer questions relating to the criticality of job matching to the success of any compensation survey.Who Should Attend?

This course is ideal for:

HR Managers and HR professionals wishing to specialise in compensation and benefits.Compensation Analysts looking to enhance their practice.Payroll specialists and other HR generalists involved in reward systems.Business owners and entrepreneurs managing employee compensation frameworks.Anyone aspiring to pursue a career as a Certified Compensation and Benefits Professional.How will attendees benefit?

By completing the Certified Compensation and Benefits Professional Course, attendees will gain numerous valuable benefits, including:

Enhanced expertise: Get in-depth knowledge about compensation planning, benefits designing, and reward management systems to become a trusted HR advisor.Skillful application: Carry out accurate job evaluations, analyse salary surveys, and develop competitive compensation structures.Strategic alignment: Align compensation and benefits strategies with business goals to achieve organisational success. This certification has international standing and adds to your credentials, and market value is sure to go up.Compliance knowledge: Be knowledgeable about labor laws, tax implications, and ethical practices to avoid legal infractions.Employee engagement initiatives: Develop rewarding programmes that stimulate employee motivation, satisfaction, and ultimately retention.Global perspective: Be aware of international trends and best practices in compensation and benefits management for diverse workplaces.

• Managing Compensation: An Overview

• Compensation objectives

• Total compensation

• Direct and indirect compensation

• Balancing compensation components

• Compensation and benefits cycle

• The hierarchy of needs and compensation

• Job Analysis and Job Descriptions

• Uses of job descriptions

• Job analysis explained

• Carrying out the job analysis process

• Conducting a proper job analysis interview

• Explaining a typical job description

• Job analysis: a summary

• Job Evaluation

• Definition of job evaluation

• Job evaluation systems

• Introduction to the Meirc system

• The Meirc job evaluation system explained

• Introduction to the Hay system

• Job grading

• Sources of error in the job evaluation process

• Compensation Systems

• Objectives of compensation

• Decisions to take

• Designing base salary structures

• Allowances to offer

• The structuring of benefits programs

• Important considerations in compensation

• Managing your compensation programs

• Competitive Compensation

• Staying competitive

• Designing and carrying out compensation surveys

• Four basic survey methods

• Data requirements

• Issues related to the implementation of change

• Performance-Based Rewards

• The definition of Performance Management (PM)

• Objectives of Performance Management

• Current and prevailing PM systems

• Rewarding performance

• Rewarding the right behaviors and results

• Key Performance Indicators (KPIs)