(as of Sep 02, 2023 23:17:06 UTC – Details)
The Compensation and Benefits Manual is a detailed illustration of Total Rewards, an advanced model of Human Resource management that goes beyond employee remuneration, which helps organizations to not only attract, motivate and retain, but also ensure building engaged employees, enhancing their performance and improving their competitiveness in the global workforce market.
WHAT YOU WILL LEARN
1.Fundamental concepts of compensation, benefits, rewards & total rewards.
2.Link your compensation philosophies & strategies to your organization goals & HR objectives.
3.About job evaluations & job pricing, and their significance in setting salaries & employee rewards.
4.About the key statistical methodologies used in compensation research & data analysis.
5.How to design appropriate & relevant total compensation plans & reward programs.
6.About the principles of evaluating performance and linking performance to effective rewards.
7.About market compensation & benefits benchmarking surveys & how to use the market data results in determining your internal salary levels.
8.How to develop performance-based pay systems & other variable pay programs.
9.How to design compensation structures & flexible pay plans based on tax laws and statutory compliances.
10.How to design effective reward communication programs for your business success
CONTENT AND COVERAGE
1.CHAPTER 1 : COMPENSATION SYSTEMS
Introduction, Understanding of the Fundamentals of Compensation, Benefits, Rewards, Total Rewards, Components of Compensation Systems, Compensation Systems in the Indian Environment, Compensation Approach and Framework.
2.CHAPTER 2: REWARD CONCEPTS
Reward Philosophy, Reward Strategy, Total Reward Programs, Factors Affecting Rewards, Statutory Compliances, Environmental Factors, Impact of Globalization on Compensation Programs.
3.CHAPTER 3 : JOB EVALUATION AND PRICING
Job Evaluation, Aspects of Job Evaluation, Job Evaluation Methodologies, Job Design, Point Rating Method, Hay Guide Chart Profile, Job Evaluation and Pay Determination, Job Pricing, Broad Banding, Linking Job Points to Pay Points.
4.CHAPTER 4 : COMPENSATION SURVEYS & DATA ANALYSIS
Compensation Surveys, Types of Surveys, Job Equivalence, Survey Data Analysis, Job Evaluation and Salary Data, Grade Point and Market Salary, Median Pay, Percentiles, Compensation Ratios, Salary Rates, Salary Equity, Market Parity.
5.CHAPTER 5 : Developing Compensation Structures
Evolution of Compensation Structures, Types of Employee Rewards, Standard Reward Practices, Flexible Pay Programs, Developing Different Compensation Structures in a Global Environment, Communicating of Compensation and Benefits Structures as ‘Employee Value Proposition’.
6.CHAPTER 6 : VARIABLE PAY PLANS
Variable Pays, Types of Variable Pays (STI, MTI, LTI), Trends in Variable Pays, Designing Variable Pays, Steps in Introducing Variable Pays, Rewarding Critical Roles & Hot Skills, Different Types of Variable Pay Programs.
7.CHAPTER 7 : LINKING REWARDS TO PERFORMANCE
Defining Performance Parameters, Measuring Performance, Basic Guidelines for Rewarding, Typical Reward Models, Linking Rewards to Performance, Pay for Performance, Integrating Total Rewards with Job, Market & Performance.
8.CHAPTER 8 : REWARD COMMUNICATION
Communication of Reward Programs, Changing Approach to Reward Communications, Steps in Effective Reward Communication, Implementation Guidelines for Reward Programs in Organizations.
Meritt has trained more than 1,000 HR, Line and Business Professionals from over 500 Organizations from India and Middle East Countries. Meritt delivers these Trainings through its dedicated Training Division, called “MERITT LEARNING CENTER”.
For details contact –
Meritt Learning Center
ASIN : B082723G3H
Publisher : Wilma Gupta; 1st edition (December 5, 2019)
Publication date : December 5, 2019
Language : English
File size : 2900 KB
Simultaneous device usage : Unlimited
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Not Enabled
Sticky notes : On Kindle Scribe
Print length : 157 pages