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Competitive Compensation Certificate

Compensation and benefits is an emotive area, not only for the organizations but also for the employees. Establishing and managing a reward structure is one of the critical cornerstones of the human resources department. It is extremely important to design the right reward package that supports the business goals.

In this certificate participants learn the advanced methods of structuring compensation management system and establish its levels; in addition to developing a performance based compensation system which motivates employees to improve their performance, increase their productivity and raise their job satisfaction level.

 

Certificate Objectives

Due to hyper competition, scarcity of high caliber, the importance of balancing external competitiveness and cost effectiveness and ensuring internal equity; this certificate will enable participants to design and implement compensation management systems that attract, satisfy and retain suitable calibers.

 

Who Should Attend?

  • HR managers and Senior HR professionals who want to progress to the advanced and strategic HR role.
  • Mini MBA graduates (or equivalent certificate holders) who want to acquire an advanced qualification in HR.

 

Pre-requisites

  • Five years of professional experience in HR.
  • Holders of mini MBA in HR or equivalent qualification.

 

Certificate Structure

This certificate consists of 2 modules (15 hours each) offering Compensation essential Knowledge, Skills and Tools.

 

Delivery Methods

The program is run in an entertaining interactive environment utilizing application workshops, video cases, real-live case studies, role plays and problem-solving exercises.

 

Accreditation

Upon successful completion of the two modules, you will be awarded a Certificate of Achievement with 26.5 recertification hours approved by HRCI.

 

Certificate Outlines

Compensation Management

• Defining Internal Alignment
• Job Evaluation
• The Pay Model
• Defining Competitiveness
• Job Analysis
• Person-Based Structures
• Strategic Pay Decisions
• Designing Pay Levels, Mix & Pay Structures

Pay for Performance

• Performance Based Compensation System – The Concept
• Merit Pay
• Team Incentive Plans
• Pay-for-Performance Plans
• Individual Incentive Plans
• Performance Appraisals 

"If you want to manage people effectively, help them by making sure the org chart leaves as little as possible to the imagination. It should paint a crystal-clear picture of reporting relationships and make it patently obvious who is responsible for what results,"

Jack Welch

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