Compensation & Reward Management CHRP

Compensation & Reward Management CHRP

1. Compensation, reward and incentive systems

1.1 Introduction to compensation, reward and incentive systems
1.2 Distinction between compensation, reward and incentive
1.3 Objectives of compensation, reward and incentive programs
1.4 Designing and managing compensation, reward and incentive programs
1.5 Types of compensation, reward and incentives
1.6 Benefits and challenges of compensation, reward and incentive systems
1.7 Overcoming the challenges of compensation, reward & incentive systems

2. Total Compensation and Reward Policy

2.1 Introduction to total compensation and reward
2.2 Concepts and elements of compensation
2.3 Components of total rewards
2.4 Types of compensation
2.5 Compensation policy
2.6 Benefits and challenges of compensation policy

3. Compensation Strategies

3.1 Introduction to compensation strategies
3.2 Performance based strategy
3.3 Compensation and pay equity
3.4 Determinants of performance based pay
3.5 Merit and demerits of performance based pay
3.6 Developing a compensation strategy system
3.7 Compensation documentation
3.8 Gross pay and net pay
3.9 Compensation categories
3.10 Incentives
3.11 Team pay
3.12 Bonus schemes
3.13 Profit sharing schemes
3.14 Recognition schemes

4. Employee Benefits and Pension Schemes

4.1 Types of employee benefits and pension schemes
4.2 Employee benefits policy
4.3 Employee benefits administration
4.4 Flexible benefits
4.5 Retirement benefit schemes – types and legal framework

5. Rewarding Special Groups

5.1 Rewarding directors and senior executives
5.2 Rewarding sales and customer care staff
5.3 Rewarding the knowledge worker
5.4 Rewarding expatriates
6. Salary and Rewards Administration

6.1 Introduction to salary and rewards administration
6.2 Preparation of salary budgets
6.3 General and individual salary reviews
6.4 Determining salary levels on joining or promotion
6.5 Instituting salary control

7. Performance Management

7.1 Introduction to performance management
7.2 Importance of performance management
7.3 Relationship between compensation and reward
7.4 Linking compensation and reward to performance
7.5 Employees performance, compensation and reward metrics
7.6 Performance appraisal
7.7 Factors of performance management
7.8 Benefits and challenges in performance management
7.9 Employee experience in performance management process
7.10 Employee analytics
7.11 Individualised employee support
7.12 Strategies for work teams innovation and productivity
7.13 Rethinking job roles, duties, responsibilities and accountability for results
7.14 Emerging issues in performance management

8. Job Evaluation, Grading and Equity in the Pay Structure

8.1 Introduction to job evaluation
8.2 Objectives of job evaluation
8.3 Job evaluation methods
8.4 Components of job evaluation
8.5 Types of job evaluation
8.6 Job evaluation steering teams
8.7 Job evaluation process
8.8 Job grading, equal pay and human rights
8.9 Determinants of job grading
8.10 Compensable factors in job evaluation
8.11 Determinants of pay equity
8.12 Benefits and challenges of job evaluation
8.13 Overcoming the challenges of job evaluation

9. Market Rates Analysis and Salary Survey

9.1 Introduction to market rate analysis
9.2 The concept of a market rate
9.3 Objectives of market rate analysis
9.4 Factors affecting the validity and reliability of market rate data
9.5 Job matching
9.6 Sources of data
9.7 Using survey data
9.8 Objectives of salary survey
9.9 Types of salary surveys
9.10 Types of data gathered
9.11 Salary survey strategy

10. Tax Planning

10.1 Introduction to tax planning
10.2 Corporate and individual tax planning
10.3 Tax planning strategies
10.4 Categories of taxes
10.5 Tax computation

11. Legal Framework on Compensation and Reward

11.1 The constitution
11.2 Legislation on minimum wage
11.3 Regulatory framework on compensation and reward management in the public sector
11.4 Employment Act 2007
11.5 ILO Conventions

12. Emerging Issues and Trends in Compensation & Reward Systems and their ICT Applications

12.1 Employee experience
12.2 Remunerating millennials
12.3 Managing productivity and rewards for staff working from home
12.4 Skills based pay

(Visited 5 times, 1 visits today)