Human Resources and Training
Compensation and Benefits Strategy Masterclass

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Compensation and Benefits Strategy Masterclass Course
Introduction:
Course Objectives:
By the end of Compensation and Benefits Strategy Masterclass course, participants will be able to:
- Explain the basic principles and major elements of compensation
- Apply the various processes in compensation: job analysis, job descriptions and job evaluation
- Explain what constitutes a sound and effective compensation and benefits program
- Design a salary structure and related policies
- Describe the basic compensation survey process
Who Should Attend?
This Compensation and Benefits Strategy Masterclass course is designed for:
- Professionals working in the function who wish to acquire relevant knowledge and skills, and those working in other areas of human resources as administrators, officers, specialists, team leaders, managers and business partners who wish to broaden their understanding of this important function.
- Everyone who requires an in-depth advanced knowledge of working with and managing salary structures and compensation and reward issues, including both HR generalists and C&B specialists and all professionals who work in HR at all career levels and all specialists who work in Compensation and Benefits, at both an “intermediate” and “advanced” level.
Course Outlines:
The role of Compensation within the organization
- Defining the role and purpose of compensation
- The importance of perception and communication
- Recent research
The role of the Compensation and Benefits function
- Defining the value of C&B within your organization
- How C&B links to the wider HR function
- How C&B can work with the wider HR community to deliver integrated tactical and strategic programs
- The importance of perception and communication
Building a Total Compensation Plan (with a focus on non-cash reward)
- Defining total compensation and articulating its importance to the organization
- Defining non-cash rewards
- Measuring and communicating non-cash rewards
- Introducing the concepts of employee branding and employee value proposition
Refining key skills (dependent upon the needs of the delegates)
- The core competencies of a successful HR professional (focus on building relationships and business acumen)
- Implementing ‘change’ – an introduction
- Making performance improvement your core deliverable
- Building your personal workplace credibility and courage
- What working in partnership looks like (including hints and tips)
Personalized Feedback
- Participants will be offered individual coaching, worksheets and exercises to build a development plan for success
- Participants will be offered the opportunity to discuss their experiences and work through either fellow delegate issues or case studies