Comp&Ben Academy Modules

Programme Structure

6 Modules

  • The programme is divided into six 2-day modules
  • Each day is divided into four 90-minute lessons
  • Day 1: 4 x 90 lectures
  • Day 2: 2 x 90 lectures + 2 x 90 case studies
  • Each calendar year a new Academy is open and starts in January with Module 1

1 Day Final Test (Certification)

  • One of the course objectives is to increase the knowledge level of students so that those attending all six modules can be certified as Comp&Ben Managers after passing the final exam

Compensation Strategy. Main principles and Components. Map of the Area.

  • Business context. Defining a compensation strategy. Pay costs management
  • The 4 Principles of a compensation system
  • The 4 Components of a compensation system
  • Roles & Responsibilities. Compensation management tools and diagnostics

Internal Equity and External Competitiveness principles explained in detail.

  • Job Description
  • Job Evaluation methods. Detail look at the analytical methods (Hay, Mercer)
  • Grading structures
  • Market surveys

Pay Policy Design. Base Salary Management. Annual Salary Increase.

  • Defining the right market reference level
  • Pay policy design (Range Setting)
  • Base Salary management. Entry base salary. Promotions and lateral moves.
  • Annual salary review (Merit round)

Incentives and Variable Pay. Performance Management. Reward & Recognition.

  • Performance management fundamentals
  • Incentive schemes: Sales Incentives. Management Incetives. STI / LTI plans, profit sharing, gainsharing
  • Deferred bonuses. Stock option plans
  • Reward and Recognition programmes

Employee Benefits. Strategy and Portfolio. Total Compensation Communication.

  • Benefits strategy and design
  • Portfolio guide (incl. Car Policy and other trending perks)
  • Fix vs flexible systems, overview of cafeteria solutions
  • Communication strategies and tools. Total Remuneration Statements

HR Controlling, HRIS, Pay Costs and Budgeting Process

  • The „New HR Controlling“, Return on Investment
  • Measuring business success: suggested KPI´s to be monitored by HR and presented to CEO
  • HR Information Systems, overview and implementation hints
  • Pay costs management and budgeting process

Interested in Attending the Course?
Contact Us for Further Details.