Given the current unpredictable business environment, HR leaders are now playing a crucial part in a significant shift in the industry. Companies are placing greated emphasis on talent management and recognizing the vital role of HR executives, who have never been more essential to the company's success.
Discover effective methods to drive change in your organisation, the learning outcomes for Designing, Structuring & Implementing Compensation Benefits Scheme focus on knowledge and skills in analysing and solving compensation-related problems, making informed compensation decisions, and communicating effectively with stakeholders about compensation-related issues.
Understanding the legal concepts that impact compensation, including laws and regulations related to equal pay, minimum wage, overtime, and benefits.
Analyzing and designing a compensation structure that aligns with the organisation's strategy, goals, and values and reflects market trends and best practices.
Implementing, administering, and maintaining a compensation system that ensures fairness, consistency, and transparency and fosters employee engagement,motivation, and retention.
Develop effective communication strategies to educate employees about the compensation philosophy, policy, and practices, and address their questions,concerns, and feedback.
Evaluating the impact of compensation on mergers and acquisitions (M&A) and international assignments, and identifying the key challenges and opportunities in managing compensation across different cultures, currencies, and regulations.