Compensation and Benefits Management Course

Compensation and Benefits Management Course

Foundation | 5 days | Face to Face / Online / Elearning | Certificate
01

Course Overview

Course Summary
Course Title Compensation and Benefits Management Course
Organization Tech For Development (T4D)
Venue Tech For Development (T4D) Training Centre
Duration 5 days
Target Industries
Target Job Roles
Course Fees (Face-to-Face) USD 1,500/KES 99,000 (Exclusive of VAT)
Course Fees (Virtual) USD 1,000/KES 70,000 (Exclusive of VAT)
Training Modes Virtual and face-to-face training
Payment Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course
Accreditation Tech For Development Certificate of Course Completion

Introduction

Compensation management plays a vital role in any organization. The team must ensure the salaries and the benefits provided to the employees are appropriate, competitive and just. The monetary and non-monetary perks incorporated in the package must resonate with employees’ perception of fair pay.

This T4D training course will empower you to understand the components of compensation and benefits management and how to design an attractive package and retain the best talent in the market.

Duration

5 Days

Who Should Attend

Payroll Specialists, Payroll Leaders and Managers, Recruitment and HR personnel, Independent HR experts, Independent Recruiters and consultants

Course Objectives

At the end of this T4D training course, participants will learn:

  • Define what is Compensation and benefits?
  • Explain the importance of Compensation and benefits to attract and retain the right talent
  • Understand the components of Compensation and benefits management
  • Strike the right balance between fixed and variable pay for each role/ job
  • Compensate fairly for the level of experience, technical expertise, competencies that individuals bring to the table
  • Develop skills to effectively design employee package to achieve win-win for both employer and the employees
  • Successfully manage to retain the best talent in the competitive market
  • Reward desired behavior for present and future occurrence
  • Assess and restrain any discrimination basis gender, diversity, region, and religion
  • Effectively plan and flex benefits like dearness allowance, etc., considering the location and other factors
  • Devise packages in complying with legal regulations
  • Keep surplus/ anticipate the exigencies that might occur or any contingencies
02

Course Modules

Course Outline

Module 1: Foundations of Compensation and Benefits Management

  • What is compensation and benefits management?
  • Benefits of compensation and benefits
  • Basic principles of compensation and benefits management
  • Difference between compensation and benefits
  • Designing compensation and benefits plans
  • Basic considerations in reward systems
  • Case Study: How a multinational redesigned its compensation structure to reduce turnover by 30%

Module 2: Components of Compensation and Benefits

  • Basic salary
  • Allowances (dearness allowance, house rent, transport, etc.)
  • Incentives and bonuses
  • Benefits/perquisites
  • Retirement contribution plans
  • Healthcare benefits
  • Travel and meal reimbursement
  • Maternity and sick leave
  • Outings, vacations & special day offs
  • Relocation bonuses
  • Profit-sharing (shares, RSUs, etc.)
  • Other facilities
  • Customisable, ready-to-use templates
  • Case Study: Using a total rewards package to improve employee engagement in a regional tech company

Module 3: Compensation Calculation and Evaluation

  • Evaluating the current market
  • Assessing possibility for growth
  • Setting compensation benchmarks
  • Revising packages to match market standards
  • Compensation ratio
  • Performance-based evaluation
  • Skills and experience considerations
  • Competency-based compensation
  • Job description, tenure, qualification factors
  • Paying full-time vs contract employees
  • Last or current salary considerations
  • Case Study: Benchmarking compensation to attract specialized talent in a competitive industry

Module 4: Tools and Systems for Compensation Management

  • Payroll management systems
  • Determining incentives and benefits
  • Budget management
  • Hikes and promotions
  • Direct compensation (salary and rewards)
  • Indirect compensation (recognition, career development)
  • Tools for analytics and decision-making
  • Case Study: Implementing a payroll and compensation automation system in a large organization

Module 5: Market Benchmarking and Legal Compliance

  • Identifying pay policies
  • Assessing the market (quantitative and qualitative)
  • Comparing jobs in the market
  • Assessing pay practices of competitors
  • Income tax regulations
  • Tax implications on compensation
  • Prevailing wage laws
  • Service contract regulations
  • Case Study: Ensuring compensation compliance during an organizational restructuring
03

Course Administration

Methodology

Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.

Accreditation

Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion

Training Venue

The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.

Accommodation & Airport Transfer

Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179

Tailor-Made

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.

Payment

Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].

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Kigali
Addis Ababa
Kuala Lumpur
Accra
Cairo
Pretoria
Cape Town
Johannesberg
Zanzibar
Arusha
Kisumu
Dubai
Mombasa
Nairobi
Nakuru
Machakos
Naivasha
Kampala