The Certified Compensation & Benefits Manager program,
of Carlton Advanced Management Institute, USA, done in India in association
with Middle Earth Consultants and Brought to you by Talent Engagement.
Aims
The overall aim of the programag is to make the candidate
have a good understanding and knowledge of compensation and
benefits. In other words to equip the HR professionals with
the importance of Comp & Ben such that he/she is able
to understand the intricacies of Comp & Ben plans, Basic
reward system, Global trends in Comp & Ben and is able
to Link pay with performance for better Comp & Ben planning.
By the end of this program the participant would:
•
Understand what benefits the employees are entitled
to
•
Understand the various kinds of tax laws and its perquisites
•
Learn the impact of culture and collective bargaining
on Comp & Ben
•
Learn to appreciate the influence of technology &
current trend in Comp & Ben
•
Understand the elements of Compensation
•
Create a total Compensation plan
•
Develop & Administer benefit plans
•
Be able to link pay to performance
•
Set up incentive pay plan for the organization
Description: The program contains five modules designed in such
a way that the candidate being trained is equipped with all
the knowledge and practical competencies required to fully understand
Compensation & Benefit and carry out such a planning successfully.
Target
Audieance for the program
Senior HR executives and professionals who develop and administer
the compensation and benefits plans in an organization.
Duration: 2 days (16 Guided hours)
Brief
MODULE 1: Understanding
comp & ben
MODULE 2: Basic reward
system
•
Government regulations & guidelines
•
Effect of Social demographics/cultural issues
•
Compensation administration & Internet
•
Fundamentals of Social Security System
•
Theories affecting compensation
•
Constituents of reward system
•
Reward calculation Vs Remuneration calculation
•
Influences on total rewards
•
Cafeteria & flexible pay plans
•
Trends in compensation
MODULE 3: Basic compensation
planning
MODULE 4: Benefit practices
•
Elements of compensation
•
Factors to consider
•
Creating a total compensation plan
•
Revising a compensation plan
•
Global trends in Comp & Ben
•
How compensation committee sees executive
pay?
•
Types of benefit plans
•
Composition of benefit plans
•
Developing benefit plans
•
Administering benefit plans
MODULE 5: Building pay
for performance and incentives schemes
•
Goal setting for management performance pay
•
Linking pay to performance
•
Determining best pay to motivate employees
•
Determining jobs for suitable incentive pay
•
Types of incentive pay plans
•
Administering variable pay schemes
•
Understanding the rise in use of incentive
pay
•
Setting up incentive pay plan for your organization
Few quotes from our participants:
It is a good program. It has all
the aspects of C&B. It gives a good idea of how
to use different approaches in C & B.
Kumru Carkit, Act Hr Manager,
DHL Express
It covered all aspects of C and
B and rewards. Found it to be useful in practical.
Jebin P Thomas,
Hr,
IFFCO
It had covered all the areas and
the program was very good. This would help me personally
to build in a process complete HR process.
Very useful in genereal. Detailed
explanations provided for each of the point strongly
encouraged in doing excercises. Will extremely be useful
for C & B field.
Kavitha Kalaimani, Sr.Exe – HR,
HCL Technologies
Wonderfully designed. Good content
great presentation & Coordination.
Mona Kapoor, Manager HR,
Cummins India Ltd – PGBU
Very enlighting got a lot of ideas.
Understood where to start & how to end.
