Establishing Compensation and Benefits

    Target Audience

    The Establishing Compensation and Benefits course is designed for SME owners. It is specifically targeted to those who are responsible for establishing an effective salary structure and Compensations & Benefits (C&B) system to attract, utilize, and retain talented staff. How to attract and retain top employees so they are committed to the enterprise for the long-term has become an issue of top concern for employers nowadays.


    Course Objectives
    At the end of this course, participants will be able to:
    • Define the role of the C&B system in terms of Human Resources Management (HRM).
    • Describe tools applied to set up an adequate C&B system.
    • Address issues related to salary increases and complaints in connection with a C&B policy.
    Content
    • Introduction to the workshop
    • Session 1: Com & Ben a great challenge of HRM
      • Com & Ben and income structure
      • Impacts of Com & Ben system
      • Main goals of Com & Ben system
    • Session 2: Tools to set up an adequate Com & Ben system
      • Com & Ben system’s in line with business strategy
      • Key factors of adequate pay scales
      • Competitive pay scales
      • Equitable pay scales
    • Session 2: Tools to set up an adequate Com & Ben system (continued)
      • Key factors of adequate pay scales
      • Reasonable pay scales
      • Application of adequate pay scales
    • Session 3: Salary increase and problem-solving as to the Com & Ben policy
      • Salary increase for all staff and individuals
      • Handling issues relevant to Com & Ben
    • Concluding remarks, action planning and wrap-up
    Course Duration

    1.5 days or 3 x 0.5 day (10.5 hours total)


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