New Compensation and Benefits

New Compensation and Benefits

Overview

This program is tailored for HR managers and senior professionals seeking to enhance their understanding of the topic. Over five days, participants will explore principles, processes, and strategies in compensation, strategic HR management, measurement techniques, employee turnover analysis, and performance management systems. Led by an experienced business trainer in Strategic Human Resources Management (SHRM), this program aims to empower participants to optimize HR strategies for organizational success. Join us to elevate your HR skills and drive impactful change within your organization.

WHAT YOU WILL LEARN

• Explain the basic principles and major elements of compensation.
• Apply the various processes in compensation: job analysis, job
  descriptions and Job Evaluation.
• Determine and explain what constitutes a sound and effective
  compensation and benefits program.
• Design a salary structure and related policies.
• Describe the basic compensation survey process.

TOPICS COVERED

Day One: The Main Cycles in Human Resources (HR) Management

• HR Strategy Cycle
• Recruitment and Selection Cycle
• Training and Development Cycle
• Performance Management Cycle
• Compensation and Benefits Cycle

Day Two: Strategic HR Management

• Situation Analysis: SWOT, PEST, PEDSTL
• HR Visions and Missions
• HR Strategic Goals
• Critical Success Factors in HR
• Key Result Areas and Key Performance Indicators
• Core Competencies and Core Values.

Day Three: Measuring Human Resources

• Measuring HR Strategies: The Main KPIs
• Human Resources versus Human Capital
• Return on Human Capital (ROHC) and Cost of Labor (COL)
• Human Value Added (HVA) and Profit Per Employee (PPE)
• Employee Morale and Employee Satisfaction Indices
• HR Scorecards and Dashboards
• The Balanced Scorecard

Day Four: Employee Turnover

• Turnover versus Attrition (Gross and Net Turnover)
• Voluntary versus Non Voluntary Separation
• Analyzing Turnover: Interpreting the Data
• Healthy versus Unhealthy Turnover
• Turnover Index

Day Five: Managing Employee Performance

• Tangible versus Intangible Appraisal Systems
• Samples of Best (and Not So) Practices
• Behavioral Rating
• Management by Objectives (MBO) Systems
• Competency-Based Appraisals
• Forced Ranking and the Bell Curve: Advantages and Warnings
• Keys to Success and Failures of Performance Management Systems

WHO SHOULD REGISTER

Human Resources managers and senior professionals in the function who
seek to broaden their knowledge and improve their skills in the key functions
of HR as well as those who are responsible for evaluating HR and its
effectiveness in the organization. The program is also suitable for those
employees who are targeted for development/promotion within the HR
function.

TRAINER’S BIOGRAPHY

The trainer is a distinguished business trainer with extensive experience in
Strategic Human Resources Management (SHRM). Having held senior
positions as CEO and director in organizations across both the UK and USA,
he brings a wealth of practical knowledge to his sessions. Renowned for his
dynamic teaching style, he empowers executives to optimize HR strategies
for growth and success. Through interactive sessions, he equips leaders with
the skills and insights needed to navigate the complexities of modern HR
management effectively.

Read relates articles: Navigating the Contemporary Landscape of Strategic Human Resources Management

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