Compensation & Benefits Management

  • Human Resources

Introduction

Properly managing compensation and benefits is essential for ensuring that employees feel valued and fairly compensated, which enhances job satisfaction, reduces turnover, and driving employee performance and engagement. This course is designed to provide a thorough understanding of how to manage pay structures and employee benefits. Participants will learn how to adjust compensation with business goals, manage payroll, and ensure compliance with legal regulations. By mastering the key elements of compensation and benefits, participants will be better equipped to enhance employee satisfaction, reduce turnover, and improve organizational performance.

Course Outline

  • Module 1
  • Module 2
  • Module 3
  • Module 4
  • Module 5
  • Course Objectives
  • Target Audience

Compensation and Benefits Overview

  • The elements of compensation and benefits.
  • The role of compensation in employee engagement.
  • Base pay, incentives, and non-cash benefits.
  • Pay grades and salary bands.
  • Fairness and equity in compensation.
  • The impact of employee benefits on retention.

Pay Structures

  • Pay structure design.
  • Pay scale that reflects job roles and market conditions
  • Pay compression and salary inversion.
  • Pay differentials for internal and external equity.
  • Conducting regular pay audits.
  • The role of bonuses and commission.

Employee Benefits

  • Key types of employee benefits.
  • Benefits package and employee needs.
  • Health insurance plans and wellness initiatives
  • Financial security and retirement plans.
  • Voluntary Benefits and their Role in Employee Well-being.
  • Employee Participation in Benefit Offerings.

Managing Compensation

  • Establishing a pay review process.
  • Managing payroll systems and processes.
  • Executive compensation and variable pay.
  • Pay raises and salary adjustments.
  • Tools for managing pay equity across job levels.
  • Budgeting for Compensation and Employee Benefits.

Communication & Compliance

  • Communicating compensation and benefits clearly to employees.
  • Educating employees about their total compensation package.
  • Compliance with labor laws and regulations.
  • Maintaining fairness in compensation for a diverse workforce.
  • Monitoring and addressing wage and hour compliance.
  • Conducting regular audits of compensation practices.

By the end of this course, participants will be able to:

  • Identify the key components of compensation and benefits and how they affect motivation.
  • Explore equitable pay structures that align with market conditions and job roles.
  • Develop employee benefits packages that address health, financial security, and work-life balance.
  • Ensure effective compensation systems, including pay reviews, payroll, and compensation.
  • Ensure compliance with labor laws, maintaining fairness and equity in compensation practices.
  • Communicate compensation and benefits clearly to employees, fostering transparency and trust.

This course is ideal for:

  • HR Managers.
  • HR Administrators.
  • Compensation and Benefits Specialists.
  • Payroll Managers.
  • Finance and Accounting Officers.
  • Employee Relations Officers.
  • HR Administrators.
  • Labor Relations Officers.

Course Schedule & Fees

  • Kuala Lumpur
  • Singapore
  • Amsterdam
  • Online
  • Course Fees

This course will take place in Kuala Lumpur on the following dates:

05/05/202519/05/202502/06/202516/06/2025
30/06/202514/07/202528/07/202511/08/2025
25/08/202508/09/202522/09/202506/10/2025
27/10/202510/11/202524/11/202508/12/2025
22/12/202505/01/202619/01/202602/02/2026

This course will take place in Singapore on the following dates:

26/05/202516/06/202507/07/202528/07/2025
18/08/202508/09/202529/09/202520/10/2025
10/11/202501/12/202522/12/202512/01/2026
02/02/202623/02/2026

This course will take place in Amsterdam on the following dates:

12/05/202502/06/202523/06/202514/07/2025
04/08/202525/08/202515/09/202506/10/2025
27/10/202517/11/202508/12/202529/12/2025
19/01/202619/01/2026

This course will take place Online the following dates:

13/05/202510/06/202508/07/202505/08/2025
02/09/202530/09/202528/10/202525/11/2025
23/12/202520/01/202617/02/2026

Kuala LumpurSingaporeAmsterdamOnline
USD$ 3,580USD$ 5,600USD$ 5,600USD$ 1,920

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      Course Info
      • Duration: One week
      • Available: Classroom/Online
      Training Locations
      • Kuala Lumpur
      • Singapore
      • Amsterdam
      • Online
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