An introductory module that focuses on the basic principles and processes of rewards management, from planning, design, administration and communication.
COURSE CONTENT
I. Overview
- Linkage of Rewards Management to the total HR system and its relation to the Company Business
- Definition of terms
- Organizational Structure/Key Competencies
II. Legal Aspects
- Labor Code/Statutory Provisions
- Fringe Benefits Tax
III. Compensation Management Process
- Definition of Philosophy
- Job Evaluation
- Job Pricing
- Pay Delivery/Administration
IV. Benefits Planning and Design
- Management of Benefits
- Benefits Classification
- Planning and Design Elements
- Preparation of Benefits Proposal
- Development of Benefits Policies
V. Communication of Compensation and Benefits Program
- Strategy Development
- Methodologies
VI. Recent Trends
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