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This 3 days’ program Designing Effective C&B System extensively covers concepts, methods, and processes for evaluating your current compensation strategy and programs, modifying them, or creating new strategies and programs based on your analysis.
After attending participants will be better able to:
() Understand the concept of effective compensation & benefits systems
() Understand the process and factors involved in designing an effective C&B systems
() Determine and design the appropriate C&B system for their organization
PROGRAM CONTENT
() What is an effective C&B system
() Factors to consider in designing a C&B system
() Steps in designing a C&B system
() Job analysis
() Job evaluation
() Designing job grading
() Designing salary structure
() Designing performance incentive, bonus and other benefits schemes
() Determining the appropriate C&B mix for each position