Compensation & Benefits Design
Course Overview
A specialized course in designing competitive salary structures, compensation, and benefits, using Hay, Mercer, and Watson Wyatt methodologies to ensure internal equity and external competitiveness.
Why This Program Matters
Compensation and benefits represent 50-70% of operating costs in most organizations.
A fair compensation structure reduces turnover rate by 30%.
Employees satisfied with their compensation are 20% more productive.
Learning Objectives
Understand job evaluation principles
Apply Hay and Mercer methodology
Build grade and level structure
Design variable pay and incentive programs
Ensure internal equity and external competitiveness
Training Modules
Job evaluation principles
Hay, Mercer, and Watson Wyatt methodology
Building grade and level structure
Expected Outcomes
Design a competitive and fair salary structure
Apply job evaluation methodologies
Build incentive and benefits programs
Conduct and analyze salary surveys
Ensure legal compliance of compensation structures
Who Should Attend?
Compensation and benefits specialists
HR managers
Compensation and benefits managers
HR consultants
What's Included
- Job evaluation tools
- Salary structure templates
- Salary survey data
- Incentive program models
- Accredited attendance certificate