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COMPENSATION AND BENEFITS
Compensation and benefits is a sensitive area, not only for the organizations but also for the employees. Developing and managing a reward structure is one of the critical cornerstones of the human resource department. It is extremely important to design the right reward package that supports the business goals.
Today Human Capital is considered to be an integral part of the organization's assets and they need to be effectively managed. One of the tools to retain and motivate people is through a good Compensation and Benefits program. Compensation is the monetary value given by the employer to the employee in exchange of the work done and Benefits are the fringe benefits and non-financial benefits provided by the employer in addition to cash salary given by the employer to keep the employees motivated.

The carefully developed program architecture enables HR professionals to appreciate the intricacies of the basic reward system, develop a sound compensation and benefits strategy.
Learning Outcomes
Application of the critical components of Compensation, and the equity theories associated with it
Understand the importance of Compensation Policy and how to develop the contents of an effective policy
Ability to analyze the economic theories, the functioning of labour market and trade unions and how they affect compensation decisions
Be able to analyze the Legal and the Regulatory Framework in which organizations function and review the efficacy of the laws which determine the basis of prevalent compensation policies
Apply the understanding of internal and external equity and use that to enhance individual equity
Structure compensation strategy in order to gain competitive advantage
Be able to interpret changes in compensation administration due to outsourcing and globalization & build effective strategies to address the same
Apply knowledge of critical aspects of Executive Compensation to strengthen the same
Be able to design and conduct effective salary surveys
Ability to apply learnt knowledge of statistical tools in structuring the compensation and benefits program
Developing expertise in understanding different types of Benefits (Financial & non-financial) and in setting organizational pay levels
Being able to use your understanding of Global Talent Management while structuring national and international compensation packages
Who should attend ?
1. HR Professionals actively involved in planning and strategizing reward policies
2. HR Team members responsible for administering the compensation and benefits policy
3. Consultants looking at building expertise in the area of Compensation & Benefits
Highlights
Compensation System Philosophy
Changes in Compensation due to Collective Bargaining
Effect of Globalization and Outsourcing on the pay structures
Hay Profile Method
Organizational Ergonomics
Economic Value Add
Building and Sustaining Talent Pipeline
Coach:Jagmohan Bhanver
Group Size: 25
Venue:

PEOPLE FIRST Learning & Training Services,

Contact: 7738601615, 9323721601

Email: information@peoplefirstltd.org

Mumbai - 400 065

Client List
 
Coach Profile
jagmohanbhanver@peoplefirstlimited.com
Jagmohan Bhanver has been a senior banker and has worked in various capacities across three of the largest banks in India, including two MNC Banks. Bhanver is also an internationally acclaimed motivational speaker and is considered a thought leader on building learning organizations and learning cultures. He is rated amongst the Top 20 management speakers (in coaching) in the world by the Worldwide Speakerís Bureau. Bhanver wears various hats and is also a guest columnist with various publications, including the Times of India group.

Jagmohan has authored two books, both international best-sellers Ė his first book titled 'Get Happy Now' has been an international bestseller and on the Top ten list of leading bookstores in India. His second book, titled 'Think your way to Millions' on the subject of Behavioral Finance was nominated for the best non-fiction award by Hutch-Crossword in India too. This is the first book on behavioural finance in India and has had rave reviews from the industry.

Jagmohan is a sought after Executive coach and Leadership mentor. He is referred to as the 'Mentorís Mentor' in corporate circles globally and has mentored Industry leaders, celebrity entrepreneurs, media people and top management at leading organizations. He is considered to be an authority on Leadership, Coaching, Mentoring & Negotiating.

As an educationist, Jagmohan visits several institutes on guest lectures, including the SP Jain Institute of Management Research in Mumbai. He is also on the Global advisory board of Thomas Jefferson School of Law, USA & the American Academy of Financial Management, USA.

Jagmohan is regularly featured in newspapers, magazines and TV shows for his management mantras and on various HR related issues.
 
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: 7738601615, 9323721601
: information@peoplefirstltd.org
: www.peoplefirstltd.org