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
- 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