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This course is all about learning compensation design and how to effectively manage employees in your organisation. This course also describes how pay can be used to attract, retain and motivate the right talent in the firm. It describes concepts of payroll analysis, compensation analysis, labour law, benefits administration and incentive planning. This course also covers the fundamentals of U.S. pay regulations and explains to you the significance of labour compliance. With this course, you will have a detailed understanding of the matters of employee compensation and compensation management.
Topics Covered:
- Determining The Pay: Get an overview of the pay model and gain insights into everything from a pay strategy to a pay mix.
- Labour Supply: Firstly learn how to have a labour demand and learn how to produce a job description.
- Salary Structure: Determine a salary structure by understanding its terminology and internal benchmarks of the organisation.
- Raises: Sit with the team to decide the necessary criteria for raises and promotions of employees of the organisation.
- Incentives: Know what short-term incentives are and understand if an organisation really needs short-term incentives.
- US Employment: Get briefed about the laws of US employment and study the Fair Labor Standards Act.
- Benefits: Learn about statutory benefits and strategic benefits and understand their perks. Also, know about health insurance providers.
- And Many More Topics..
Who Will Benefit?
- HR Employees: All those who are HR professionals and want to rebuild and improve their skills related to employee compensation.
- Managers: Professionals at a higher post who want to learn how to make informed decisions about raises, promotions and hiring.
- Team Leaders: All those who are planning to improve motivation and relations between the employees of a particular team in the organisation.
- Finance Associates: Individuals who are looking after compensation in the firm and want to learn about incentives and raises.
- MBA Students: Students pursuing an MBA and wanting to learn about concepts like salary, pay mix and benefits in the organisation.
Why Choose This Course?
By choosing this course, you will have a solid expertise in the fields of employee compensation and benefit administration and also have insights into the concept of labour law compliance. This course also benefits you by offering skills related to HR professionals and overall performance management. You will be guided by experts and experienced instructors who help you with the practical knowledge required to build real compensation strategies. By the end of this course, you will learn how to easily manage the entire employee section of your organisation and be certified with a certificate upon completion.
