Workshop on Compensation & Benefit Management training centre in Bangladesh

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Workshop on Compensation & Benefit Management

Introduction

With many markets in the region gearing up for continued post-recession business growth, many employers are facing a challenge of aligning compensation and benefits practices with business strategies, and the challenge of implementing advanced compensation techniques that improve the relationship between compensation and employee performance and business results.

This course will give practical guidance to enable you to design and implement your own plans using advanced excel spreadsheets for building a total remuneration benchmark, and achieving better business results through a more effective approach to pay benchmarking and designing compensation plans.

Objective: After successful completion of the program, participants will be able to :

• Understand about Compensation & Benefit
• Design Competitive Pay Structure
• Design competency based C & B plan
• Design Pay for Performance plan
• Calculate Salary Tax
• Design Total Reward Plan for the organization

Methodology


Exercise
Case Study
Role Play/ Simulation
Lecture Discussion and
Sharing/ Participatory

Contents of Training:

Module-1: Concept of C&B

• Concept & meaning of Wage, Salary & Compensation
• Basic Goal of Compensation System
• Basic Component of Compensation System
• Classification of Reward

Module-2: Concept, Tools & Models of Reward Management

• Component of the Reward System
• Elements of a Reward System
• Steps for Developing total rewards
• Tools for any compensation design
• Balanced, Practical Reward Strategy Model
• The Internal, External Equity Model

Module-3: Design of Pay Structure

• Component of Pay Structure designing
• Methodologies for Salary Structuring
• Concept & Strategy of Pay structure design
• Factors affecting pay levels
• Types of grade and pay structures
• Guiding Principles For Grade and Pay Structures
• Grade and pay structure design – dos and don’ts
• Tools and formats for Pay structure design

Module-4: Job Evaluation

• Concept of Job Evaluation
• Methods of Job Evaluation

Module-5: Compensation Administration

• Compensation Administration Process
• Law & Rules regarding Compensation
• Provident Fund, Gratuity, Leave Encashment, Festival Bonus administration

Module-6: Employee Tax Management

• Clauses of Tax Law
• Employee Tax Calculation Factors
• Tools and formats to be used for Tax Calculation
• Formats to be used for Communication with employee and NBR

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Arrangement for Certificate, lunch and two tea-break would be made by the Organizer during the workshop.