Managing Compensation
– Overview of Concept, Objectives, Components and Principles of Compensation
– Building Compensation Philosophy and Strategy aligned with Business Goals
– Factors affecting in designing Compensation plan
Job Analysis & Classification review
– Carrying out the effective Job Analysis Process
– Components of a Job Description
– Job Description Writing
Job Evaluation
– Job Evaluation Definition
– Job Evaluation Methods
– Job Evaluation Guidelines
– Job Evaluation process
Market Benchmarking
– Pay policy identification
– Market Survey Analysis and Establish market definition
– Compare benchmark jobs to market
– Assesses competitiveness of pay practices
Design Pay Structure
– Pay Structure Model Creation.
– Implementation of salary structure.