Compensation Management & Administration in HR (Advanced)

What you will learn

You will learn the key factors in the Compensation Design and Administration

Learn the Compensation Types, Theories, Pay structure, Contingent pay and Compensation design with demo

Learn about the Skills required for Compensation management with demonstration on Pay structure and Payroll designing

This training will be useful if your job involves advising, managing and improving the compensation management or design...

What is Compensation Management and the Scope, Factors, Process and Challenges of Compensation Management

Learn different methodologies like Performance pay, Skill pay, Competence pay, Contribution pay and Service pay

Learn Strategic Compensation management processes like Executive Compensation with case study

This online course is packed full of professionally produced downloadable resources, which will enable you to start prac...

Requirements

This course is suitable for practising HR professionals who desire to go deeper into understanding the practice of compensation management. It is advisable for you to download the course resources before beginning this course, as you may need them in some stages. You can find the downloadable zip file which contains all these resources in the last section of the course.

Description

The Frameworks for Compensation Management Course. This course is created to Learn how to be an effective Compensation Management practitioner, whether generalist or specialist. Learn Compensation Types, Theories, Pay structure, Contingent pay and Compensation design with demo. It includes engaging video lectures, case studies, useful frameworks, downloadable resources and sample models.

Management of compensation in the workplace is a matter of central concern to all managers and not only to HR professionals. Therefore, all managers, irrespective of their functional areas, are called on to solve problems that involve significant Compensation Management issues. Basic knowledge and better understanding of Compensation design would help them in solving such problems. This course aims at imparting knowledge on Compensation management with demonstration on Pay structure and Payroll designing plus different methodologies like Performance pay, Skill pay, Competence pay, Contribution pay and Service pay

With this course as your guide, you learn how to:

All the basic functions and skills required for the compensation design and administration.

Transform your planning and efficiency capability for the current business climate
Get access to recommended templates and formats for common Payroll and Compensation Management.
Learn useful case studies, industry practices and demonstrations of different Compensation management practices or models with useful forms and frameworks
Invest in yourself today and reap the benefits for years to come

The course includes Case studies, resources like formats-templates-worksheets-reading materials, and Strategic Compensation management processes like Executive Compensation with case study

In the first part of the course, you’ll learn the most common compensation management processes like Compensation Types, Theories, Pay structure, Scope, Factors, Process and Challenges of Compensation Management

In the second part of the course, you’ll learn how to improve your Strategic Compensation Management and Design. You will also learn the skills required for designing methodologies like Performance pay, Skill pay, Competence pay, Contribution pay, Service pay and Executive Compensation with case study

In the final part of the course, you’ll develop the ability analyse and design Compensation Management issues or scenarios with frameworks and models related to CTC Structure and Payroll administration. You will get full support and all your quarries would be answered guaranteed within 48 hours.

Downloadable Resources

Salary Structure of Grade 1 Executives with calculation methodology
Skill and Experience based Compensation structure
Grade based Compensation Policy
Rules for Statutory Deductions Exemptions Perquisites-Payroll
PMS & Compensation and Benefits
PMS Formats
Competency based pay
Skill set and behavior assessment template
Sample CTC Structure in Excel
Simple Excel Payroll Administration
Advance Excel Payroll Administration

Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, budding HR Professional. This course is an opportunity to sharpen your leadership and management abilities, increase your efficiency for professional growth and make a positive and lasting impact in the organization.

Course Content

Click on the tabs to view all the contents

Introduction to Compensation Management and Administration

preview 9min

Objective of Compensation

8min

Types of Compensation

18min

Theories of Compensation

11min

Concept of wages

10min

Kinds of Pay Strurcture

11min

Essentials of Pay Structure

Introduction to Compensation Management and Administration	preview	9min
Objective of Compensation		8min
Types of Compensation		18min
Theories of Compensation		11min
Concept of wages		10min