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REMUNERATION AND BENEFITS MANAGEMENT TRAINING

COURSE NO. BM09

Course Objectives:

At the end of the seminar, participants will be able to:

  • Explain what is Compensation and benefits?
  • Explain the importance of Compensation and benefits to attract and retain the right talent
  • Understand the components of Compensation and benefits management
  • Strike the right balance between fixed and variable pay for each role/ job
  • Compensate fairly for the level of experience, technical expertise, competencies that individuals bring to the table
  • Successfully manage to retain the best talent in the competitive market
  • Reward desired behaviour for present and future occurrence
  • Assess and restrain any discrimination basis gender, diversity, region, and religion
  • Effectively plan and flex benefits like dearness allowance, etc., considering the location and other factors
  • Devise packages in complying with legal regulations
  • Keep surplus/ anticipate the exigencies that might occur or any contingencies
  • Develop a clear understanding of reward philosophy and strategy
  • Demonstrate how the component parts of reward strategy fit together
  • Explore issues surrounding the effective management of the human resource
  • Describe why staff are the most expensive resource of the organisation
  • Evaluate new practices that might benefit their organization

Target Audience

This course will prove to be valuable and productive for all those who are interested in pay and reward, compensation and benefits. Participants of all levels will gain valuable knowledge and skills.

This course is suitable to a wide range of professionals but will greatly benefit:

  • HR staff who are responsible for the administration of benefits and reward
  • Compensation and Benefits specialists who are new to the area or are looking for a refresher course
  • More senior HR Staff who are interested in the strategic value of compensation and benefits
  • Line Managers and Senior Staff who are responsible for managing and motivating Staff – and need a better understanding of the impact of remuneration
  • Others who wish to understand about this important subject

 

Course Fee – R14 999

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