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 Compensation Benefit Administration Reward Management 2 Mar Amman Jordan QR Code
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Human Resources Management (HRM)

Compensation Benefit Administration Reward Management


REF : H1774 DATES: 2 - 6 Mar 2025 VENUE: Amman (Jordan) FEE : 3350 

Overview:

Introduction:

This training program delves into advanced strategies and contemporary approaches in compensation and benefit administration, enabling professionals to stay ahead in a dynamic environment. It empowers participants to implement effective reward management practices and drive organizational success.

Program Objectives:

By the end of this program, participants will be able to:

  • Understand the fundamentals of compensation and benefit administration.

  • Develop strategies for competitive and equitable compensation systems.

  • Analyze the impact of compensation on employee motivation and retention.

  • Implement best practices for benefit administration.

  • Utilize tools and techniques for effective reward management.

Targeted Audience:

  • HR Managers.

  • Compensation and Benefits Specialists.

  • Payroll Managers.

  • HR Consultants.

  • Senior HR Executives.

Program Outline:

Unit 1:

Fundamentals of Compensation and Benefits:

  • Overview of compensation and benefits.

  • Key principles of reward management.

  • Types of compensation (base pay, variable pay, incentives).

  • Benefits overview (health, retirement, work-life balance).

  • Legal and regulatory considerations.

Unit 2:

Designing Compensation Systems:

  • Job evaluation and pay structures.

  • Salary surveys and market benchmarking.

  • Developing pay grades and salary ranges.

  • Pay for performance strategies.

  • Equity and fairness in compensation.

Unit 3:

Benefit Administration:

  • Designing and managing benefit programs.

  • Health and wellness benefits.

  • Retirement and pension plans.

  • Work-life balance programs.

  • Legal compliance in benefit administration.

Unit 4:

Reward Management Strategies:

  • Linking compensation to organizational strategy.

  • Employee recognition programs.

  • Long-term incentive plans.

  • Non-monetary rewards.

  • Communicating reward programs to employees.

Unit 5:

Advanced Topics in Compensation and Benefits:

  • Global compensation and benefit practices.

  • Trends and innovations in reward management.

  • Technology solutions for compensation and benefits.

  • Measuring the effectiveness of reward programs.

  • Future challenges and opportunities in reward management.