Clear Vision Consultation and Training

Compensation, Benefits & HR Budgeting

Audience:

In addition to employees working in the Human Resources Department, this program is suitable for individuals in supervisory/managerial level positions who wish to broaden their knowledge in this area.

Objectives:

The objective of this program is to provide the participant with the basis for working with compensation, benefits and preparing HR budgets.

By the end of this training program, each participant will be able to:

·        To understand the basic principles and components of compensation.

·        Understand the process of administrating compensation packages.

·        Recognize the importance of providing benefits as part of the compensation package.

·        To understand the concept of linking performance with compensation.

·        Understand the importance of providing rewards as part of the compensation process.

·        Understand the importance of compensation surveys, how they are done and how to use them.

·        To be able to understand the process of preparing an HR Budget

Course Outline:

i

Compensation

·       History of compensation

·       Compensation objectives

·       Importance of compensation to various HR functions

·       Compensation programs design criteria and factors influencing compensation management

·       Job evaluation and compensation

·       The role of job descriptions in compensation management

·       New approaches to compensation

·       Compensation surveys – how they are completed and their uses.

·       The importance of rewards and how they fit in with the compensation packages.