| Start Date | End Date | Country | City |
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+966 920007771
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Objectives
Objectives: By the end of the program, participants will be able to: • Understand the basic principles and major elements of compensation. • Know the various processes in compensation: Job Analysis, Job Descriptions, Job Evaluation and Compensation Surveys. • Review and Understand the Various Methods of Job Evaluation • Learn the Various Methods of Job Analysis; and How to Prepare Job Descriptions • Determine and explain what makes up a sound and effective compensation and benefits program. • Design a salary structure and related policies. • Understand the basic compensation survey process.
Outlines
Contents: Managing Compensation - An Overview: • Compensation Objectives, Components and Factors Affecting Compensation • An Effective Compensation Management System Elements of a Compensation Program: • Internal Equity vs. External Equity • Guidelines vs. Budget • Performance Appraisal • Wage/Salary administration policy Job Analysis and Job Descriptions: • The Need for Job Descriptions • Principle Approaches to Job Analysis • Carrying Out the Job Analysis Process • Job Description Writing - Practical Job Evaluation: • Job Evaluation Defined • Job Evaluation Methods • The Hay System: An Overview • The Meirc System Explained • Job Evaluation Guidelines • Job Evaluation - Sources of Error Compensation Systems: • Objectives of Compensation • Main Compensation Policies • Regional Compensation Practice • Factors Affecting Pay Levels • The Economic Factor in Compensation • Compensation Audit and Control Allowances: • Purpose • Nature of Work Allowances • Non Nature of Work Allowances • Regional Practices Benefits: • Definition and Purpose of Benefits • Categories of Benefit • Regional Practice • Managing an Effective Benefits Program • Main Features of a Long Term Benefit Plan Introduction to Compensation Surveys: • Why We Do Them? • Designing and Carrying Out a Compensation Survey • Compensation Survey Reports - Content Frequently Asked Questions: • Answers to Questions on Compensation and Benefits You Never Knew You Had Breaking News: • Up to the Minute News on Trends in Compensation and Benefits as They Happen
Who Should Attend
Who Should Attend? • Financial Officers or Authorizers of Financial and HR departments who are using the pay system • HR administrative who wants to be aware of the compensations and benefits system in his company • Compensation Advisors with at least nine months experience in the Compensation environment and want to refresh their knowledge and information • New compensation advisors.
Duration
5 Days
