![Compensation and Benefits (C&B) in Total Rewards System [EN]](/static/course_page_images/compensation-and-benefits-cb-in-total-rewards-system-en.png)
What You'll Learn
- Understand the fundamentals of compensation, salary ranges, and market alignment
- Develop effective bonus systems with ready-made formulas and criteria
- Design and manage comprehensive employee benefits programs
- Conduct compensation and benefits analyses to optimize HR strategies
- Master job analysis techniques to evaluate compensation structures and bonus eligibility.
- Implement job grading systems to align pay structures with market benchmarks.
- Develop flexible benefits programs tailored to employee needs and organizational goals.
- Optimize payroll budgeting strategies to ensure cost-effective compensation planning.
- Analyze salary survey data to maintain competitive compensation and benefits offerings.
- Apply key retention strategies through targeted bonuses and employee recognition programs.
- Design compensation frameworks that align with business objectives and talent retention.
- Utilize compensation analytics tools to track salary trends and benefits effectiveness.
- Develop Cafeteria Plan models for flexible benefits customization.
- Implement performance-based pay structures to drive productivity and engagement.
Requirements
- No prior knowledge of compensation and benefits is needed; all concepts will be explained from the ground up.
- Basic understanding of HR principles is beneficial but not mandatory.
- Access to a computer or tablet for reviewing course materials and completing exercises.
- Willingness to engage with real-world compensation and benefits case studies.
- A curiosity to explore market-driven salary structures and employee benefits programs.
Who This Course is For
- HR professionals looking to expand their expertise in compensation and benefits strategies.
- Compensation and benefits specialists aiming to enhance their analytical and structuring skills.
- HR managers responsible for designing and implementing salary structures and employee benefits programs.
- Business leaders and executives who want to align compensation strategies with company goals.
- Payroll and finance professionals seeking to understand market-based compensation models.
- Recruiters interested in improving offer negotiation and competitive salary benchmarking.
Your Instructor
PapaHR: #1 Udemy HR Instructor • 115K Learners • Pritula Academy • 4.5 ★ (7700 reviews) • 380 courses: SHRM CIPD HRCI AI ChatGPT
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