Compensation & Benefits Practice Certification

Compensation & Benefits Practice Certification

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What is this Certification Compensation & Benefits Management Training Contains?

1. Compensation-Overview & Types

2. Determinants & Components

3. Compensation Survey

4. Fixing of Salary Ranges

5. Compensation & Benefits Interventions

6. Elements of Compensation

7. Compensation Structure

8. Total Rewards Program

Benefits of this Certification Program (Click here)

Benefits of this Certification Program

Certificate for Visibility

Online Study Material

100% Placement Assistance

Professional Alumni Status

Free Subscription of our HR Knowledge Portal

24X7 HR Help Desk

Topics Covered In This Training Program

  1. Definition
  2. Org Strategy
  3. Compensation & Benefits Standards & Practices
  4. Compensation Parity
  1. Direct Compensation
  2. Indirect Compensation (Benefits)
  3. CTC, Gross Salary, Net Salary
  1. Factors Affecting Compensation & Benefits
  2. Inputs to Determine Compensation
  3. Laws / Statutes that Govern
  1. Salary, wages – Definition, Purpose & Admn.
  2. Incentives
  3. Fringe Benefits – Extra supplement to Wages
  4. Perquisites – to Managerial Staff
  1. Sample Size
  2. Orientation
  3. Data Collection
  4. Normalization
  5. Salary Benchmarking
  1. Mean, Median & Mode
  2. Quartiles
  3. Fixing of Salary Ranges
  1. Recruitment
  2. Annual Increments
  3. Onetime Merit Pay
  4. Promotions
  5. Market Adjustment / Salary Correction

Calculation, Administration & Taxability of

  1. Basic Salary
  2. Allowances
  3. Retirals
  4. Variable Pay & Incentives
  5. Benefits
  6. Taxes
  1. Flexi Benefit Plan (FBP)
  2. How to fix Salary for a Particular Job Role
  1. Blend of 5 Elements in Right Proportion

 

Whom it is intended for?

  • HR Personnel who want to specialize in Comp & Ben Practices
  • Payroll Executives
  • Compensation & Benefits Personnel

Program Duration & Timings

  • 15 hours program + Practice Sessions
  • 60 min – 90 min (online live coaching)
  • Practice Sessions & Assessments
  • Grand Assessment after course completion
  • 15 hours (two days a week)
  • Online live coaching
  • Practice Sessions, Assessments & Assignment
  • Grand Assessment