SHR-116 Strategic Compensation and Benefits Planning
Strategic Compensation and Benefits Planning is crucial for organizations to attract, retain, and motivate talent while aligning with business goals. This training focuses on integrating compensation and benefits strategies with organizational objectives, helping HR professionals design and implement structures that drive performance and support employee engagement.
Participants will explore components like base salary, bonuses, and non-monetary benefits, emphasizing the balance between internal equity and external competitiveness. The training covers methodologies for salary surveys, job evaluations, and market analysis, along with legal and regulatory considerations to ensure compliance with employment laws.
Additionally, the course enhances skills for effective communication and administration of compensation and benefits programs. Attendees will learn techniques for clearly conveying the value of their packages to employees and utilizing technology for efficient plan management. By the end, participants will be equipped to create and manage strategic plans that drive organizational success and employee satisfaction.
Participants will explore components like base salary, bonuses, and non-monetary benefits, emphasizing the balance between internal equity and external competitiveness. The training covers methodologies for salary surveys, job evaluations, and market analysis, along with legal and regulatory considerations to ensure compliance with employment laws.
Additionally, the course enhances skills for effective communication and administration of compensation and benefits programs. Attendees will learn techniques for clearly conveying the value of their packages to employees and utilizing technology for efficient plan management. By the end, participants will be equipped to create and manage strategic plans that drive organizational success and employee satisfaction.
At the end of this 2-day program, participants shall be able to :
Participants will be exposed to concepts and principles through a simulation so that learning becomes engaging and practical
contexts.
- Understand various aspects of compensation that can be used to motivate employees towards achieving the strategic needs of the business.
- Determine corporate key performance indicators and design jobs based on employee accountability to achieve business results.
- Develop a salary structure that is competitive against the market to attract and retain the best employees.
- Formulate human resource productivity models to support compensation decisions.
- Take appropriate steps on how to review and resolve issues on compensation inequities.
- Formulate and establish policies and practices in compliance with Corporate Governance, in particular the role of the Remuneration Committee of the Board.
- Develop justification for annual increment and incentive bonus payment.
- Plan and effectively communicate compensation principles to employees.
Participants will be exposed to concepts and principles through a simulation so that learning becomes engaging and practical
contexts.
- Module 1: Introduction to Reward Management System
- Module 2: Linking Compensation Design to Business Strategy
- Module 3: Organization’s Pay Practice & Salary Benchmarking
- Module 4: Incentivised Remuneration
- Module 5: Designing the Incentive Scheme
- Module 6: How to Communicate Principles of Compensation to Create Motivation and Acceptance
Our Strategic Compensation and Benefits Planning Training is ideal for HR professionals, compensation managers, payroll specialists, business owners, and anyone involved in designing and managing employee compensation and benefits strategies in Malaysia. Perfect for those looking to enhance their expertise in aligning rewards with business objectives to improve workforce motivation and retention.
This is a 2-days programme.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
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We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
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