Payroll Management, Compensatio, Benefits Administration

In order to recruit and retain high caliber employees, an organisation needs to provide a package for employee compensation which is attractive, appropriate and affordable. Such packages must not only be attractive externally, they must be fair internally – this means a remuneration structure based also on internal job classifications.

Furthermore, the retention and motivation of high caliber employees is not as simple as paying well. The design of compensation packages must consider the aspirations of employees for personal development and promotion.

Organisations must recognize the distinctions between intrinsic and extrinsic reward – extrinsic reward can be financial or non-financial and intrinsic reward requires the provision of interesting and satisfying work.

The Payroll Management, Compensation & Benefits Administration training course will cover the question of how such processes can be managed and will cover employee motivation; performance management; extrinsic and intrinsic reward; the maintenance of standards through the management of employee conduct;

job evaluation; short term and long term incentives; the importance of the first line supervisor or team leader; the use of competencies; personal development; career planning and promotion.

Learning Objectives

Attendance to the Compensation & Benefits Administration training course will enable the participants to:

• Fundamental elements of payroll processing (with practical examples)

• Describe the main influences over employee motivation

• Realize the value of an empowered approach in running a payroll, compensation and benefits department

• Implement effective payroll, compensation and reward strategies and processes

• Improve confidence in dealing with payroll, compensation and reward issues

• Understand the principles behind job evaluation schemes

• Link salary structure and reward to job evaluation

• Apply latest thinking to performance management practices

• Design incentive schemes consistent with corporate strategy and values

• Develop professional standards for measuring and assessing employees for promotion

Target Audience

This course is suitable to a wide range of professionals but will greatly benefit:

• HR staff who are responsible for managing benefits and reward

• HR practitioners working with Compensation packages

• Professionals and supervisors responsible for compensation and benefits

• Those who are responsible for managing and motivating staff, and need a better understanding of how to manage remuneration

• All staff who work in Human Resources, Personnel or related areas and personnel new to HR or interested in a career in HR

• Those who manage, supervise or have an organizational interest in HR and want to examine modern practices