Executive Development Programme in Job Evaluation Methods: Compensation Alignment
-- ViewingNowThe Executive Development Programme in Job Evaluation Methods: Compensation Alignment is a certificate course designed to address the growing demand for effective compensation management in today's dynamic business landscape. This programme's importance lies in its ability to equip learners with essential skills for career advancement by teaching them how to design and implement fair, consistent, and market-competitive compensation structures.
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โข Job Analysis and Description: Understanding the role and responsibilities of a job in an organization is crucial in the job evaluation process. This unit will cover the importance of job analysis, the various techniques used in job analysis, and writing effective job descriptions. โข Job Evaluation Methods: This unit will delve into the different methods used in job evaluation, such as point-factor rating, factor comparison, and job ranking. Participants will learn how to apply these methods and their advantages and disadvantages. โข Compensation Surveys: This unit will teach participants how to conduct compensation surveys to gather data on industry salaries and benefits. They will learn how to analyze and interpret the data and use it to make informed decisions about compensation. โข Salary Structure Design: In this unit, participants will learn how to design a salary structure that aligns with the organization's compensation philosophy. They will learn how to establish grades and ranges and how to maintain and update the salary structure. โข Pay for Performance: This unit will cover the concept of pay for performance and how to link compensation to employee performance. Participants will learn how to develop a pay-for-performance program that rewards high performers and motivates all employees. โข Legal and Regulatory Compliance: This unit will cover the legal and regulatory aspects of compensation, such as equal pay laws, minimum wage laws, and anti-discrimination laws. Participants will learn how to ensure compliance and avoid legal issues. โข Communication and Implementation: This unit will teach participants how to communicate the compensation program to employees effectively and how to implement it successfully. They will learn how to address employee concerns and questions and how to ensure a smooth transition.
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