Compensation and Benefits

The course will use a combination of theory and practical applications of course concepts. Participants will engage in simulation exercises that will emulate real life situations allowing them to gain a strong understanding of the concepts covered.

By the end of the course, participants will be able to:

• Explain the basic principles and major elements of compensation.
• Conduct a proper job analysis and write high-quality job descriptions.
• Apply the process of job evaluation fairly and systematically.
• Build a sound and effective salary structure using the right mathematical approach.
• Design organizationally fit allowances and benefits.

Describe the basic compensation survey process as well as the terms needed to read and understand salary surveys.

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.

• Job analysis
• Writing job descriptions
• Conducting interviews
• Job evaluation
• Designing compensation systems
• Reading surveys