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

The “Compensation & Advantages” course at Mike Pritula Academy is designed to equip HR professionals and firm managers with the abilities to successfully handle salaries, incentives, and advantages, making their organizations enticing employers within the labor market.

What You’ll Be taught:

• Foundations of Compensation: Perceive what firms pay workers for, discover fastened pay choices, and study the function of wage ranges.

• Job Evaluation and Analysis: Be taught strategies for job evaluation, creating job descriptions, and figuring out elements for rewards.

• Job Grading and Pay Constructions: Grasp the essence of grading jobs, organising grading techniques, and linking grades with market knowledge.

• Designing Reward Programs: Discover varieties of incentives, standards for awarding them, and develop techniques with ready-made formulation.

• Advantages System Growth: Perceive the function of advantages, sorts out there, budgeting, and versatile advantages just like the Cafeteria plan.

• Wage Market Critiques and Budgeting: Learn to take part in labor market opinions, work with evaluation outcomes, and finances for payroll and advantages.

• Compensation and Advantages Evaluation: Analyze compensation and advantages, conduct surveys, and consider program effectiveness.

• Recognition and Referral Applications: Develop achievement recognition applications, referral incentives, and different reward sorts.

Course Program:

1. Fundamentals of Compensation:

• What firms pay workers for.

• Mounted pay choices.

• The function of wage ranges.

• How firms navigate the market.

2. Job Evaluation for Analysis and Reward Growth:

• Significance of job evaluation.

• Job evaluation strategies.

• Creating job descriptions.

• Figuring out elements for rewards.

3. Job Grading and Pay Construction:

• Essence of job grading.

• Prepared-made grading instruments.

• Establishing grading techniques.

• Linking grades with market knowledge.

4. Designing a Firm’s Reward System:

• Forms of rewards.

• Standards for awarding incentives.

• Growing a reward system.

• Prepared-made formulation for workers incentives.

5. Constructing a System of Advantages:

• Position of advantages.

• Forms of advantages.

• Profit budgeting and evaluation.

• Versatile advantages (Cafeteria plan).

6. Wage Market Critiques, Payroll, and Profit Budgeting:

• Collaborating in labor market opinions.

• High quality evaluation suppliers.

• Working with evaluation outcomes.

7. Evaluation of Compensation and Advantages, Conducting Surveys:

• Analyzing compensation and advantages.

• Helpful surveys.

• Evaluating program effectiveness.

8. Achievement Recognition Applications, Referral Rewards, and Different Sorts:

• Recognition of achievements.

• Referral incentives.

• Job entry rewards.

• Retention rewards.

• Different varieties of incentives.

Course Options:

• Professional Instruction: Be taught from Mike Pritula, a seasoned HR chief with over 15 years of expertise.

• Versatile Studying: Entry eight recorded classes at your personal tempo, with one lesson launched per week.

• Sensible Utility: Full homework assignments with personalised suggestions to strengthen studying.

• Interactive Neighborhood: Be part of a devoted Telegram chat to debate instances and share experiences with friends.

• Certification: Obtain a diploma upon profitable completion of the course, enhancing your skilled credentials.

Who Ought to Enroll:

• HR Professionals: People searching for to reinforce their abilities in managing compensation and advantages successfully.

• C&B Specialists: Professionals aiming to deepen their experience in compensation buildings and profit applications.

• Firm Managers: Leaders who wish to handle salaries, incentives, and advantages successfully to draw and retain expertise.

By mastering compensation and advantages administration, you can also make your organization an irresistible employer within the labor market. Enroll now to rework your strategy to worker remuneration and drive organizational success.