Compensation & Benefits Planning

 

 
 
CHRMP Team · July 9, 2020

What You’ll Learn From C & B Planning

As a student, you’ll get a few great benefits from being here:

  • Balance the various equities impacting compensation planning.
  • Formulate strategies for reducing compensation turnover.
  • Understand pay structures and salary plans that are consistent with the organization’s goals.
  • Analyze the latest trends in compensation to gauge alignment with the work environment.
  • Understand how salary structures are aligned with Jobs to create Pay Parity.
  • Analyze how Competency influences compensation structures.

Here is what we will focus on during this module 

  • Introduction to C&B planning
  • Designing compensation plans
  • Factors affecting C&B planning
  • Internal equity
  • External equity
  • Individual equity
  • Salary slabs
  • Pay Parity
  • Median
  • Flexible structures
  • Survey studies
  • Salary trends
  • Emerging trends
  • Optimization of compensation
  • Reduction of compensation turnover-case study
  • Strategies for reducing compensation turnover
  • Point plan method

About Instructor

CHRMP Team

26 Courses

+623 enrolled
Not Enrolled

Course Includes

  • 28 Lessons
  • 4 Quizzes

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