Advance techniques in Benefits and Compensation #256004

Course Details

Advanced Techniques in Benefits and Compensation is a 5-day intensive course designed to equip HR professionals and compensation specialists with the knowledge and skills to develop and implement cutting-edge compensation and benefits strategies. This course will delve into advanced topics such as executive compensation, global compensation, and emerging trends in the field

Upon completion of this course, participants will be able to:
• Understand advanced compensation theories: including equity theory, expectancy theory, and agency theory.
• Develop effective compensation strategies: that align with organizational goals and attract and retain top talent.
• Design and implement executive compensation plans: including base salary, short-term and long-term incentives.
• Navigate global compensation challenges: such as currency exchange rates, tax implications, and cultural differences.
• Utilize advanced analytics: to make data-driven decisions in compensation and benefits.
• Stay updated on emerging trends: in compensation and benefits, such as remote work, gig economy, and employee well-being.

This course is suitable for:
• HR professionals
• Compensation specialists
• Benefits managers
• HR generalists
• Executives and managers involved in HR decision-making

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

• Equity Theory:
o Understanding employee perceptions of fairness
o Designing equitable compensation systems
• Expectancy Theory:
o Motivating employees through rewards and incentives
o Linking performance to compensation
• Agency Theory:
o Aligning the interests of principals and agents
o Designing effective incentive plans

• Executive Compensation Design:
o Base salary, bonuses, and long-term incentives
o Performance metrics and key performance indicators (KPIs)
o Executive compensation benchmarking
• Executive Perquisites and Benefits:
o Executive perks and benefits packages
o Tax implications of executive compensation
• Board Compensation:
o Board compensation structures and practices
o Board performance evaluation and incentives

• Global Compensation Strategies:
o Developing global compensation policies and practices
o Equal pay and equity considerations
o International taxation and social security
• Expatriate Compensation:
o Base salary, allowances, and benefits
o Currency exchange and tax equalization
o Repatriation packages

• Data-Driven Compensation:
o Using data analytics to inform compensation decisions
o Predictive analytics and machine learning in compensation
• Emerging Trends in Compensation:
o Total rewards and well-being programs
o Flexible work arrangements and remote work compensation
o Gig economy compensation

• Equal Pay and Discrimination Laws:
o Compliance with equal pay and anti-discrimination laws
o Pay equity audits
• Ethical Considerations in Compensation:
o Transparency and fairness
o Avoiding conflicts of interest
o Ethical leadership in compensation

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Course Details