Compensation and Benefits (C&B) in the Total Rewards System


HR | Payroll | Job Grading | Wage Technique | Remuneration Administration | Incentives | Fairness | Bonus Plans | Coverage

What you’ll be taught

Perceive the basics of compensation, wage ranges, and market alignment

Develop efficient bonus programs with ready-made formulation and standards

Design and handle complete worker advantages packages

Conduct compensation and advantages analyses to optimize HR methods

Grasp job evaluation methods to judge compensation buildings and bonus eligibility.

Implement job grading programs to align pay buildings with market benchmarks.

Develop versatile advantages packages tailor-made to worker wants and organizational objectives.

Optimize payroll budgeting methods to make sure cost-effective compensation planning.

Analyze wage survey knowledge to take care of aggressive compensation and advantages choices.

Apply key retention methods by focused bonuses and worker recognition packages.

Design compensation frameworks that align with enterprise goals and expertise retention.

Make the most of compensation analytics instruments to trace wage traits and advantages effectiveness.

Develop Cafeteria Plan fashions for versatile advantages customization.

Implement performance-based pay buildings to drive productiveness and engagement.

English
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