Certified Compensation & Benefits Manager (CCBM)

Middle Earth HR
In Pune

Rs 3,000
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Important information

Typology Training
Location Pune
Class hours 16h
Duration 2 Days
  • Training
  • Pune
  • 16h
  • Duration:
    2 Days

Compensation and benefits is an emotive area, not only for the organizations but also for the employees. Establishing 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.

This program helps the HR professionals understand the importance of compensation and benefits in such a way that they are able to understand the intricacies, basic reward system, the global trends in compensation and benefits and are able to link pay with performance for better planning. By the end of this workshop participants will be able to source well structured and reasonable compensation and benefits schemes that operate effectively, provide the best value to the organization and structure remuneration schemes.

By attending this workshop you'll learn:

- Understand the role of government regulation and social security in compensation globally
- Understand the 6 components of a compensation system
- Understand the 8 steps of how to build effective variable pay systems
- Learn how to build a point plan and a job grading system to create internal equity
- Understand how globalization, sociological and demographic changes effect compensation
- Understand how to create different levels of salary benchmarks
- Understand how the Hay Plan is built
- Understand mandated and cafeteria benefit systems
- Learn how reward planning can be used to cut compensation costs
- Learn how to build high impact compensation systems in a recession

Unique benefits to the participants:

- Get a comprehensive, information packed courseware during the program and for back home use
- Learn from the industry experts who have a vast experience in the area of HR
- Network with other professionals with same background and interest
- Brand yourself as a certified compensation & benefits manager
- Unique "risk free" money back guarantee
- Your

Where and when
Starts Location
On request
Maharashtra, India
See map
Starts On request
Maharashtra, India
See map

Frequent Asked Questions

· Who is it intended for?

Who should attend? - Senior HR executives and professionals who develop and administer the compensation and benefits plan in an organization.

What you'll learn on the course

Compensation and benefits
Creating job grading
Creating point plans
Hay plan overview

Teachers and trainers (1)

 Rajendra Aphale
Rajendra Aphale

Major qualifications and Certifications: • Bachelor of Technology – IIT Bombay • LLB from University of Mumbai • Operations Management – NMIMS • Cost Accountant from ICWAi Raj Aphale has over 2 decades of experience in HR, Consulting and Training. He was associated with business giants like Siemens Informations Systems Limited, Mafatlal Industries Limited, Godrej Group. He held positions of manager – corporate planning, senior manager – HR, Senior consultant. His last assignment was with Siemens Informations Systems Limited where he was employed as a Senior Consultant.

Course programme

<b>Module 1:</b> Compensation and Benefits Environment
- The environmental factors effecting compensation and benefits- Government regulation & social security in compensation- Social changes & demographics in compensation- Changes in compensation due to collective bargaining- Changes in the compensation administration due to outsourcing & globalization
<b>MODULE 2:</b> Rewards & Basics of Compensation
- Compensation basics- Components of compensation system- Equity theory
<b>Module 3:</b> Building Internal Equity
- Job description- Establishing internal equity: job evaluation methods- Using job rankings- Creating job grading- Creating point plans- Hay plan overview
<b>Module 4:</b> Building External Equity
- Different aspects of establishing external equity- Salary survey- Designing salary surveys- Periodicity of salary surveys
<b>Module 5:</b> Building Individual Equity
- Performance pay options- Building performance pay systems- Steps in introducing pay for performance system- Pay for performance: the challenges
<b>Module 6:</b> Benefit Plans & Total Reward Planning
- Benefit plans- Mandated benefits- Security/Insurance benefits- Retirement benefits- Time off related benefits- Non-monetary perquisites- Monetary perquisites- Cafeteria plan/flexible benefit plans
<b>MODULE 7:</b> Total Reward Planning
- Reward strategy objectives- Components of total reward

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