Compensation And Benefits Masterclass

It is believed that how organizations reward their employees is imperative to how they are able to attract, retain and motivate talents within the organization.

This Compensation and Benefits Masterclass is focused on helping participants enrich, broaden and deepen their knowledge in the specialist area of Compensation & Benefits as a cardinal sub-field of Human Resources Management.

The Masterclass is an entry level to expert level 4-weeks intensive that is specifically tailored for those people that have little or no experience in the specialist area of compensation and benefits.

Mode of Delivery

4-weeks intensive with blended learning model (online and physical classes).

Participants are required to complete the online classes before the physical classes.

Highly interactive training with multimedia classroom presentations, discussions, exercises and case studies.

Pre-Requisites

Participants are expected to have basic understanding of HR concepts and Microsoft Excel.

Participants are required to have a minimum of Excel® 2013 pre-installed on their personal laptops.

Target Audience

This training is a must attend for the following target audience:

HR Generalists without rounded knowledge of Compensation & Benefits;
Compensation & Benefits Specialists looking to deepen their knowledge;
Senior and executive management roles that need to broaden their knowledge.

Masterclass Module

Module 1: Concept of Total Rewards

Theories Behind Compensation.
Basic Rewards Principles.
Compensation Philosophy & Business Strategy.
Total Cost of Employment (TCE) Concept

Module 2: Job Grading & Job Evaluation

Concept Job Analysis.
Job Evaluation Methodologies.
Job Evaluation Process Steps.

Module 3: Building Pay Structures

Pay Structure Anatomy.
Key concepts in Pay Structure.
Developing A Pay structure.

Module 4: Remuneration/Salary Benchmarking

Designing & Conducting a Salary Survey.
Total Remuneration Approach.
Job Grade Benchmarking and Job Matching.
Analysis & Interpretation Salary Survey Data.

Module 5: Payroll Management

Payroll Set-up, Calculations & Processing.
Constituents of gross pay and Calculations of net pay – Allowances, Deductions, and upfront payments.
Statutory Regulations – PAYE TAx, Contributory Pension, NSITF etc.
Automating Your Payroll Process.

Enroll For The Masterclass

Kindly enroll here: CLICK HERE.

Training Enquiries

Call: +234 907 847 3784.
Send a WhatsApp Message: +234 810 381 3610.