Compensation and Benefits (C&B) in the Total Rewards System

🎓 Course Title: Master Compensation & Benefits: Boost Retention & Attraction

🚀 Headline: Unlock the Secrets to Designing Competitive Pay Structures, Bonus Systems, and Benefit Programs with Mike Pritula!

📘 Course Description: Welcome to the "Compensation & Benefits" course at Mike Pritula Academy, your comprehensive guide to mastering the art of HR. This course is specifically tailored for HR professionals, company managers, and C&B specialists determined to enhance their ability to manage salaries, incentives, and benefits effectively.

🚀 What You’ll Learn:

• The Foundations of Compensation: Gain insights into what companies pay employees for, including fixed pay options and the importance of salary ranges.
• Job Analysis and Evaluation: Master job analysis methods, creating job descriptions, and understanding factors that influence rewards.
• Job Grading and Pay Structures: Learn how to grade jobs effectively, set up grading systems, and link them with market data for optimal compensation strategies.
• Designing Reward Systems: Explore various incentive types, establish criteria for awarding them, and develop systems with ready-made formulas that incentivize staff.
• Benefits System Development: Delve into the role of benefits, learn about different types available, and understand budgeting for a robust flexible benefits program like the Cafeteria plan.
• Salary Market Reviews and Budgeting: Learn how to participate in labor market reviews, use outcomes effectively, and budget for payroll and benefits with confidence.
• Compensation and Benefits Analysis: Conduct surveys and evaluate your programs' effectiveness to ensure they align with your organization's goals.
• Recognition and Referral Programs: Develop recognition programs, referral incentives, and understand the importance of job entry and retention rewards in maintaining a motivated workforce.

📚 Course Program:

1. Basics of Compensation: Get acquainted with the essentials, including market navigation and the crucial role of salary ranges.
2. Job Analysis for Evaluation and Reward Development: Understand why job analysis is vital and learn applicable methods to create job descriptions and identify reward factors.
3. Job Grading and Pay Structure: Dive into job grading, utilize grading tools, and link them with relevant market data.
4. Designing a Company’s Reward System: Identify types of rewards, set award criteria, and create robust systems with user-friendly formulas.
5. Building a System of Benefits: Explore the impact of benefits on your employees' well-being and learn how to manage budgets effectively.
6. Salary Market Reviews, Payroll, and Benefit Budgeting: Gain insights into labor market dynamics and learn how to act upon review outcomes.
7. Analysis of Compensation and Benefits, Conducting Surveys: Learn to analyze your compensation and benefits plans and perform surveys for program evaluation.
8. Achievement Recognition Programs, Referral Rewards, and Other Types: Craft bespoke recognition and referral programs that work for your company culture.

👥 Course Features:

• Expert Instruction: Learn from Mike Pritula, an HR expert with over 15 years of experience.
• Flexible Learning Environment: Access eight recorded lessons at your own pace, with one new lesson released per week.
• Practical Application: Reinforce learning through hands-on homework assignments accompanied by personalized feedback.
• Community Engagement: Collaborate and network within a dedicated Telegram chat to discuss real-world cases and share experiences with peers.
• Professional Recognition: Earn a diploma upon successful course completion, enhancing your professional credentials and demonstrating your expertise in the field.

🎫 Who Should Enroll: This course is ideal for:

• HR Professionals looking to refine their skills in managing compensation and benefits.
• C&B Specialists aiming to deepen their understanding of compensation structures and benefit programs.
• Company Managers who want to effectively manage salaries, incentives, and benefits to attract and retain top talent.

🌟 By mastering these critical HR components, you'll be equipped to transform your approach to employee remuneration and drive your organization's success in the competitive job market. Enroll now and unlock a world of opportunities for both you and your colleagues! 🌟