About this Course

Course Content Module 1 – Strategic Compensation and Benefits Strategic Framework of Compensation Systems Employee Motivation Module 2 – Administrative Expert Compensation and Benefits Administration Managing Audit and Pay Process Outsourcing Module 3 – Benefits and Incentives Management Benefits (Designing Benefits Plans, Healthcare Plans, Insurance Plans, Retirement Plans, Flexi–Benefits, Time Off, Work-Life Benefits, Trends and Issues) Incentives (Understanding Incentives, Roles of Incentives, Designing Incentive Plans, Long-Term Incentives, Stock Options, Performance Contingent, Shares plans, Performance shares, Short-Term Incentives, Incentive Pay Programmes, Variable Pay Plans, Measurements, Payout Mechanisms, Funding and Return on Investment) Module 4 – Compensation (Salary) Management Salary Structure and System; Legal Aspects; Base Pay Determination Methods; Sales, Executive, Variable, Performance & Team Compensation; and Balanced Scorecard Module 5 – International and Global Compensation & Benefits Management Understanding International / Global Compensation and Benefits Approaches to International Compensation and Benefits Issues and Challenges of Equity Between Home and Host Location Comparison of Packages — Similarities and Differences Legal Issues Designing Successful International Compensation Packages Expatriate Compensation Methodologies Taxation Issues Equalisation Issues on Housing, Goods and Services Packages International Transfer Issues Compensation for Third World Country Nationals Cases in China, Vietnam, Thailand and Indonesia Module 6 – Job Analysis & Performance Management Roles Job Analysis (Understanding Jobs, Job Analysis, Job Evaluation and its applications) Comparison of Packages — Similarities and Differences Performance Management (Integrating Performance Management, Understanding Performance and Performance Management Cycle, Performance Metrics and Measurements) Module 7 – Essential Statistical Tools for Compensation Management Quantitative concepts Statistics — Organising and Analysing Data Time Value for Money Statistical Modeling Mathematical and Statistical Applications Statistical Software Application of Tools The modules listed above may be conducted in a different sequence / syllabus will be provided upon request.

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