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 organisation’s goals.
  • Analyse 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.
  • Optimisation of compensation.
  • Reduction of compensation turnover-case study
  • Strategies for reducing compensation turnover
  • Point plan method.

About Instructor

CHRMP Team

20 Courses

+393 enrolled
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Course Includes

  • 25 Lessons
  • 4 Quizzes

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