By the end of the compensation and benefits management training Course for HR/ other Managers, the participants of this course will be able to:

• Define what is Compensation and benefits?
• Explain the importance of Compensation and benefits to attract and retain the right talent
• Understand the components of Compensation and benefits management
• Strike the right balance between fixed and variable pay for each role/ job
• Compensate fairly for the level of experience, technical expertise, competencies that individuals bring to the table
• Develop skills to effectively design employee package to achieve win-win for both employer and the employees
• Successfully manage to retain the best talent in the competitive market
• Reward desired behaviour for present and future occurrence
• Assess and restrain any discrimination basis gender, diversity, region, and religion
• Effectively plan and flex benefits like dearness allowance, etc., considering the location and other factors
• Devise packages in complying with legal regulations
• Keep surplus/ anticipate the exigencies that might occur or any contingencies

Solid State Training has designed this program on Compensation and benefits Management Training Course for resources in Payroll and compensation departments in the organisation. This workshop is interactive and participative as participants from all cultures participate in this training program and share their own office experiences and challenges. Customized modules can be arranged for organisation specific learning requirements. This program involves group discussions, case studies, and role-plays. Solid State Training follows the Do–Review–Learn–Apply Model to incorporate the learnings into daily office workspace.

Organisational Benefits of employees who participate in Compensation and benefits management Training Course will be as below:

• Effective compensation and benefits management would set a benchmark in the industry
• The organisation would have increased productivity with happy employees
• Reduced employee turnover, leading to reduced costs
• The organisation would have a highly qualified and experienced candidate, best from the industry
• Just and fair compensation stimulates organisational productivity and growth
• Have clarity of strategizing and planning rewards and recognition that attract the right talent
• Would effectively manage the finances
• Learn to strategize how to pay and motivate the employees for a competitive advantage
• Would be able to encourage employee participation to achieve organisational goals, instilling proactiveness through fair pay
• Would be able to study and execute packages aligned with regulating bodies/ authorities
• Breed employee loyalty and commitment with compensation plans that earn unwavering faith insecurity of future

Participants who enrol in this Compensation and benefits management Training Program will benefit in the following ways:

• Learn the basics and key concepts of compensation
• Learn components of compensation and benefits that best in class organisations provide for employee loyalty
• Illustrate ways to strengthen the pay-for-performance plan
• Learn and incorporate the regulatory benefits for employees
• Learn to strategize compensation that benefits both employer and employee
• Effectively make contingency plans, leaving no room for havoc and panic
• Learn to effectively design all types of compensation plans
• Learn the quantitative tools to design an apt compensation plan