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HRM6

Managing Employee Relations: Compensation and Benefits

Introduction

In today’s competitive job market, organizations must strategically manage compensation and benefits to attract, motivate, and retain top talent. This course is designed to provide HR professionals, compensation and benefits specialists, managers, and organizational leaders with the knowledge and tools needed to effectively design, implement, and manage compensation and benefits programs that drive employee satisfaction and organizational success. Over five days, you will delve into key principles, best practices, and strategies to navigate the complex landscape of employee compensation and benefits.

 Who Should Attend

This course is suitable for a diverse range of professionals, including:Human Resources Professionals: HR managers, specialists, and practitioners responsible for compensation and benefits management. It will also benefit Organizational Leaders: Executives, directors, and decision-makers interested in understanding the strategic importance of compensation and benefits in achieving organizational objectives.

 

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Course Profile

Fundamentals of Compensation and Benefits

  • The role of compensation and benefits in employee relations.
  • Key components of total rewards.
  • Legal and regulatory considerations.

Job Analysis and Salary Structures

  • Conducting job analysis and evaluation.
  • Designing competitive salary structures.
  • Addressing pay equity and fairness.

Employee Benefits Planning

  • Types of employee benefits: health, retirement, and beyond.
  • Designing and managing benefit programs.
  • Compliance with benefit regulations.

Compensation Communication and Transparency

  • Strategies for transparent compensation communication.
  • Handling employee compensation inquiries and concerns.
  • Building trust through effective communication.

Managing Compensation and Benefits in a Changing Landscape

  • Adapting compensation and benefits to changing workforce dynamics.
  • Emerging trends and future considerations.
  • Case studies and best practices.

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