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About this course

Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, an aspiring manager, budding HR Professional. This course is an opportunity to sharpen your leadership and management abilities, increase your efficiency for professional growth and make a positive and lasting impact in the organization.   

With this course as your guide, you learn how to:   

-All the basic functions and skills required for the compensation design and administration
-Transform your planning and efficiency capability for the current business climate   
-Get access to recommended templates and formats for common payroll and compensation management
-Learn useful case studies, industry practices, and demonstrations of different compensation management practices or models with useful forms and frameworks
-Invest in yourself today and reap the benefits for years to come  

The Frameworks for Compensation Management Course includes engaging video lectures, case studies, useful frameworks, downloadable resources, and sample models. 

In this course you will:
-Learn how to be an effective Compensation Management practitioner, whether generalist or specialist
-Learn Compensation Types, Theories, Pay structure, Contingent pay, and Compensation design with a demo

Management of compensation in the workplace is a matter of central concern to all managers and not only to HR professionals. Therefore, all managers, irrespective of their functional areas, are called on to solve problems that involve significant Compensation Management issues. Basic knowledge and a better understanding of Compensation design would help them in solving such problems. This course aims at imparting knowledge on compensation management with a demonstration of pay structure and payroll design plus different methodologies like performance pay, skill pay, competence pay, contribution pay, and service pay.

The course includes case studies, resources like formats-templates-worksheets-reading materials, and strategic compensation management processes like executive compensation with a case study.

In the first part of the course, you’ll learn the most common compensation management processes like compensation types, theories, pay structure, scope, factors, process, and challenges of compensation management. In the second part of the course, you’ll learn how to improve your strategic compensation management and design. You will also learn the skills required for designing methodologies like performance pay, skill pay, competence pay, contribution pay, service pay, and executive compensation with a case study. In the final part of the course, you’ll develop the ability to analyze and design compensation management issues or scenarios with frameworks and models related to CTC Structure and Payroll administration.

What you will learn?
You will learn the key factors in the Compensation Design and Administration
What is Compensation Management and the Scope, Factors, Process and Challenges of Compensation Management
Learn the Compensation Types, Theories, Pay structure, Contingent pay and Compensation design with demo
Learn different methodologies like Performance pay, Skill pay, Competence pay, Contribution pay and Service pay
Learn about the Skills required for Compensation management with demonstration on Pay structure and Payroll designing
Learn Strategic Compensation management processes like Executive Compensation with case study
This training will be useful if your job involves advising, managing and improving the compensation management or design processes even if you are not a HR Professional.
schedule
3.5 hours on-demand video
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Certificate of completion
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Beginner level
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No prerequisites
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No preparation required
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1 year access

US$135.14

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Browse course content
24 Video
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schedule
3.5 hours
Guide
Section 1. Introduction
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Intro Compensation Management and Administration
8m 36s
Section 2. Basics of Compensation Management
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Objectives of Compensation
7m 25s
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Types of Compensation
18m 1s
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Theories of Compensation
10m 29s
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Concept of wages
9m 18s
Section 3. Pay Structure
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CompKindofPay_720p.mp4
10m 42s
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Essentials of Pay Structure
10m 12s
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Factors Influencing Pay Structure
17m 23s
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Steps in Compensation Administration
8m 17s
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Challenges in Compensation Administratio
7m 5s
Section 4. Executive Compensation
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Executive Compensation a case study
6m 27s
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Objectives of Executive Compensation
5m 7s
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Elements of Executive Compensation with case study
7m 44s
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Criticism of Executive Compensation
4m 35s
Section 5. Contingent Pay
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Performance related pay
11m 11s
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Competence related pay
6m 24s
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Contribution related pay
7m 13s
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Skill based pay
6m 45s
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Service-related pay
2m 46s
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Team based pay
4m 28s
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Organization related pay
4m 56s
Section 6. Compensation and Payroll Management Demo Session
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CompEx1-CTC Structure Design
5m 53s
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CompEx2-Simple Excel Payroll Administration
4m 58s
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CompEx3-Advance Excel Payroll Administration
5m 47s
Learn from the best
HandE Learning / INSTRUCTOR
E Learning, Consulting, Leadership Development

Human Resource, Leadership, Career, Life skill and self development coaching through E Learning, Consulting, Management books , Workshops and Organizational development. Partner with multiple international learning platforms, Universities and groups. Human and Emotion and its eminent consultants has 100K plus course enrollment, 15 plus ready made courses for more than 100 plus hours, 100 plus ready to deliver courses related to Management and HR. HandE has more that 80k global students and 5k plus global communities and an average rating of 4.5 out of 5. HandE offers 20+ T&D and Organizational development services, 100+ HR, L&D, OD and Business Projects. Human and Emotion is your Ideal partner for Complete Training Management of Leadership and Management, Complete Competency Mapping and Assessment, Complete Learning and Development Process Management, Leadership Development or MDP, IDP and Upskilling, Complete HR and Business Digital Transformation, HRBP Process Management and Implementation, Organizational Design and Analysis, Complete Merger and Acquisition Management, LMS, PMS, ATS, Assessment Centre Implementation and many more