Compensation and Benefits

by Centennial College Claim Listing

The focus of this Compensation and Benefits offering will be on providing you with an understanding of strategies, issues, processes and techniques involved in developing and administering a compensation system.

Price : Enquire Now

Contact the Institutes

Fill this form

Advertisement

Centennial College Logo

img Duration

Please Enquire

Course Details

The focus of this Compensation and Benefits offering will be on providing you with an understanding of strategies, issues, processes and techniques involved in developing and administering a compensation system.

You will study both the theoretical and applied aspects of the compensation function in human resources management, the link between the compensation function and the organizational management process, and the compensation system design necessary to attract, retain and motivate the required workforce.

Your training will consist of assignments such as case studies, group projects (a business simulation integrating the major aspects of this course, especially those of compensation strategy formulation, job evaluation and job price, salary survey and performance appraisal for compensation), a mid-term exam and a final exam that will serve as a comprehensive assessment on learning outcomes of this course.

 

Compensation and Benefits Will Give You The Knowledge And Skills to:

  • Describe the roles and functions of a compensation system and explain why a compensation system must fit the organizational context in which it is implemented;
  • Apply the strategic compensation framework to evaluate the fitness of compensation systems;
  • Analyze the behavioural consequences of the compensation practices of an organization;
  • Outline and implement strategies to minimize employee reward dissatisfaction;
  • Describe and compare the different types of base pay and performance pay;
  • Establish and implement effective pay plans, in compliance with legal standards, to help increase organizational effectiveness;
  • Describe the major categories of employee benefits, and explain the specific types of benefits included in each category;
  • Design and implement a benefit system, in compliance with legal standards, to help increase organizational effectiveness and employee well being;
  • Apply the compensation strategy formulation process to specific organizations and evaluate the proposed compensation strategy prior to implementation;
  • Apply the job evaluation process and compare and/or contrast the major methods of job evaluation used in establishing pay plans;
  • Organize, conduct and manage job evaluation to establish effective pay plans for an organization;
  • Describe the process for conducting compensation surveys;
  • Conduct compensation surveys, and analyze, interpret and apply compensation data to establish pay plans;
  • Conduct performance appraisals using a variety of methods including graphic rating scales, critical incidents and behavioural anchored rating scales;
  • Link pay to performance appraisal outcomes;
  • Describe the fundamentals of compensation administration and explain how to evaluate the effectiveness of the compensation system;
  • Implement, administer and maintain a compensation system for specific organizations.
  • Toronto Branch

    941 Progress Ave, Toronto

Check out more Compensation and Benefits courses in Canada

University of Ottawa’s Professional Development Institute Logo

The Diversity, Equity and Inclusion Advantage

In this workshop, you’ll discover practical tools to create more diverse, equitable and inclusive workspaces where everyone can feel a sense of belonging. You’ll also explore the role of perceptions and how you can interrupt and uncover common workplace biases.

by University of Ottawa’s Professional Development Institute [Claim Listing ]
SimpliAxis Logo

Change Management Training

Change is often needed to transform the strategies for more efficiency and productivity in an organization but at the same time, it is quite frustrating as it becomes very difficult to bring a change in strategies that you may have developed in your management career.

by SimpliAxis [Claim Listing ]
Human Dynamics Training Logo

Adapting To Change

In today’s climate of constant change and uncertainty, we all must learn to deal successfully with all aspects of change.  In fact, being able to do so has become an essential survival skill for business!

by Human Dynamics Training [Claim Listing ]
University of Windsor Logo

Change Management Practitioner Certification

Earn your Change Management Professional (CMP) designation through this Change Management Practitionerâ„¢ Certification program. The program provides you with a refresher of change management principles and practical tools to apply within your organization.

by University of Windsor [Claim Listing ]
NorQuest College Logo

Recruitment And Selection

This course focuses on methods of locating qualified candidates, employing appropriate recruitment channels, and improving the overall efficiency of the recruitment process.

by NorQuest College [Claim Listing ]
  • Price
  • Start Date
  • Duration

© 2024 coursetakers.com All Rights Reserved. Terms and Conditions of use | Privacy Policy