ObjectiveS

• Understanding the fundamental of salary structure and its working.
• Defining and aligning the compensation philosophy with the business.
• Evaluating the job and create the job hierarchy
• Creating and composing the salary ranges and structure that are competitive at marketplace.
• Exploring technical considerations for salary structure design
• Carrying data analysis to determine the salary benchmark and non-benchmark jobs.
• Developing pay structure and determine the minimum pay range.
• Understanding he business case, gathering and validation.
• Establishing off the compensation philosophy and align to the business
• Evaluating jobs to determine the relative value of the jobs.
• Selecting source of external market data and preparing the data.
• Market data analysis – benchmark and non benchmark jobs
• Developing pay structure – setting pay ranges, maximum and minimum.
• Differential between pay grades, pay ranges, level bands and pay structure.
• Establishing pay grades and pay ranges.
• Compa ratio and its relevance to recruitment and career progression.

Who Should Attend ?

This program is appropriate for HR & Finance professionals at all levels of experience who would like to be more effective in managing their personal development needs . The program would enlighten the followings aspects in building competence in compensation and benefits role.