Course Overview
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
Course Duration
5 Days
Who Should Attend
- 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
Course Objectives
Upon completion of this course, participants will be able:
- 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
Course Outline:
Module 1: Introduction to Payroll, Compensation & Benefits Administration
- The context of payroll management, compensation and rewards processes
- Remaining compliant with ever increasing regulations and responsibilities entrusted to payroll
- Talent management and reward systems as a method of communication
- The concept of total reward
- Process models (manuals) of payroll and reward
Module 2: Job Analysis, Job Evaluation and Salary Structures and Controls
- Job Analysis
- Job Evaluation
- Matching the outcome to payroll salary scales
- External comparison – quartile policy
- Managing personal information and evaluating controls
Module 3 : Merit Pay, Increments, Bonuses, Non-Salary Benefits
- Merit pay and Incremental schemes
- Conditions of employment (holidays, sick pay, retirement, security of employment, allowances, etc.)
- Short-term incentives
- Long-term incentives
- Flexible conditions
- Physical conditions
Module 4 : Linking Compensation and Benefits to Performance
- The four components
- The links to values and culture
- Management of conduct
- Employee motivation
- Empowerment and recognition
Module 5 : Link between Personal Development and Compensation
- Overview of the end to end process and who is responsible for what the use of competencies
- Succession planning and the performance/potential matrix
- Example behavior and personal development in practice
- The use of assessment centers
