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Compensation and Benefits Manual (ebook)

The Compensation and Benefits Manual is a detailed illustration of Total Rewards, an advanced model of Human Resource management that goes beyond employee remuneration, which helps organizations to not only attract, motivate and retain, but also ensure building engaged employees, enhancing their performance and improving their competitiveness in the global workforce market.

Course Instructor: Meritt Learning Center

$16.68

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Course Overview

Compensation and Benefits ManualUSER GUIDE FOR HR AND L&D PROFESSIONALS

CONTENT AND COVERAGE

1. CHAPTER 1 : COMPENSATION SYSTEMS

Introduction, Understanding of the Fundamentals of Compensation, Benefits, Rewards, Total Rewards, Components of Compensation Systems, Compensation Systems in the Indian Environment, Compensation Approach and Framework.

2. CHAPTER 2: REWARD CONCEPTS
Reward Philosophy, Reward Strategy, Total Reward Programs, Factors Affecting Rewards, Statutory Compliances, Environmental Factors, Impact of Globalization on Compensation Programs.

3. CHAPTER 3 : JOB EVALUATION AND PRICING
Job Evaluation, Aspects of Job Evaluation, Job Evaluation Methodologies, Job Design, Point Rating Method, Hay Guide Chart Profile, Job Evaluation and Pay Determination, Job Pricing, Broad Banding, Linking Job Points to Pay Points.

4. CHAPTER 4 : COMPENSATION SURVEYS & DATA ANALYSIS
Compensation Surveys, Types of Surveys, Job Equivalence, Survey Data Analysis, Job Evaluation and Salary Data, Grade Point and Market Salary, Median Pay, Percentiles, Compensation Ratios, Salary Rates, Salary Equity, Market Parity.

5. CHAPTER 5 : Developing Compensation Structures
Evolution of Compensation Structures, Types of Employee Rewards, Standard Reward Practices, Flexible Pay Programs, Developing Different Compensation Structures in a Global Environment, Communicating of Compensation and Benefits Structures as ‘Employee Value Proposition’.

6. CHAPTER 6 : VARIABLE PAY PLANS
Variable Pays, Types of Variable Pays (STI, MTI, LTI), Trends in Variable Pays, Designing Variable Pays, Steps in Introducing Variable Pays, Rewarding Critical Roles & Hot Skills, Different Types of Variable Pay Programs.

7. CHAPTER 7 : LINKING REWARDS TO PERFORMANCE
Defining Performance Parameters, Measuring Performance, Basic Guidelines for Rewarding, Typical Reward Models, Linking Rewards to Performance, Pay for Performance, Integrating Total Rewards with Job, Market & Performance.

8. CHAPTER 8 : REWARD COMMUNICATION
Communication of Reward Programs, Changing Approach to Reward Communications, Steps in Effective Reward Communication, Implementation Guidelines for Reward Programs in Organizations.


Contact Meritt Learning Center Email: training@merittconsultants.com; Contact: +91-7428466822 www.merittconsultants.com

Schedule of Classes

Course Curriculum

1 Subject

Compensation and Benefits Manual (ebook)

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ebook

Compensation and Benefits Manual (ebook)

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Course Instructor

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Meritt Learning Center

29 Courses   •   188 Students

About Meritt


Meritt HR Consultants Pvt. Ltd. is a Human Resources consulting and advisory firm that delivers value through superior quality products and services to its end customers – whether big corporations, companies in the start-up phase, small & medium enterprises or family-owned-turned-professional business houses; within attractive cost structures, through its different “Centers of Expertise”.

Started in April 2013, Meritt is backed by a professional and knowledgeable management team, with more than 100 years of consolidated experience in the HR and business domains. It is also supported by a network of experienced consultants and associates in the different areas of expertise and specialization within the integrated HR services space.

Meritt offers a bouquet of consulting solutions, which are built around advising client organizations in the areas of people, processes, tools and data to support them with the most appropriate and effective business decisions for their sustainability and growth. Such efforts are aimed towards ensuring that the organizations are better equipped to plan and implement the requisite changes within their systems to meet the external demands.

The team of specialists and experts at Meritt is driven each day by an unrelenting passion to make meaningful contributions in its associations with clients partners to build superior organizations through higher standards of service deliverables.

To deliver the above practices, Meritt focuses on robust and comprehensive data research, analytics, measurement and reporting solutions to ensure both qualitative and quantitative value for its client organizations for superior business performance.

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If you have any questions about us, please contact us by email: info@merittconsultants.com;