Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

Professionals working in the function who wish to acquire relevant knowledge and skills, and those working in other areas of human resources as administrators, officers, specialists, team leaders, managers and business partners who wish to broaden their understanding of this important function.

• Managing compensation: an overview
  • Compensation objectives
  • Components and factors affecting compensation
  • Effective compensation management system
• Job analysis and job descriptions
  • The need for job descriptions
  • Principal approaches to job analysis
  • Carrying out the job analysis process
  • Conducting a proper job analysis interview
  • The main components of a Meirc job description
  • Writing job descriptions
    • Practical applications
• Job evaluation
  • Defining 'job evaluation'
  • Job evaluation methods
  • The Meirc system explained
  • The Hay system: an overview
  • Job evaluation guidelines
  • Sources of error
  • Practical job evaluation applications
• Compensation systems
  • Main compensation policies
  • Factors affecting pay levels
  • Paying for competence
  • Basic salary structures
  • Salary structure design
  • The right number of grades
  • Spread and progression
  • Building a salary structure
• Allowances and benefits
  • Allowances as part of total pay
    • Purpose of allowances
    • Nature of work allowances
    • Non nature of work allowances
    • Regional practices
  • Understanding benefits
    • Definition and purpose of benefits
    • Categories of benefits
    • Regional practices
    • Managing an effective benefits program
    • Main features of a long term benefit plan
    • Conducting a benefits package assessment
• Introduction to compensation surveys
  • Purpose of surveys
  • Designing and carrying out a compensation survey
  • Compensation survey reports

This course hasn't been scheduled yet, however you can request for In-House training