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

Servant Leadership Academy Logo

Agile People Human Resources Certification Program

In connection with our Global Partners, Agile People, Servant Leadership Academy is proud to present the Agile People Human Resources Series, aimed at people who are in what organizations traditionally call the Human Resources (HR) domain.

by Servant Leadership Academy [Claim Listing ]
MacEwan University Logo

Change Management

This program will teach you how to manage change on multiple levels, including how to recognize employee emotions and needs, meet organizational demands and measure successful sustainment.

by MacEwan University [Claim Listing ]
VCC (Vancouver Community College) Logo

Introduction To Payroll

Learn payroll law, record maintenance, and pay cheque and T4 preparation. Study Employment Standards, WCB, Revenue Canada Taxation, Records of Employment, and Stats Canada reporting.

by VCC (Vancouver Community College) [Claim Listing ]
  • Price
  • Start Date
  • Duration
VCC (Vancouver Community College) Logo

Job Search and Interview Skills (CAAW 0636)

This course guides learners through processes and various strategies that will help them to create job search plans, and identify employment support and training, and develop interview skills.

by VCC (Vancouver Community College) [Claim Listing ]
RRC Polytech Logo

Human Resource Management

Prepare for a career in the fast-growing and key business field of human resource management (HRM). You will learn the fundamental components of an HR program, including staffing, recruitment, selection, compensation, training and development.

by RRC Polytech [Claim Listing ]

© 2025 coursetakers.com All Rights Reserved. Terms and Conditions of use | Privacy Policy