Designing a Competitive Compensation and Benefits Package


Fast, Affordable, Stackable

DURATION
2 days on a weekend
PROGRAM FEE
MYR1000.00
Registration Fee : MYR50
FACULTY
Micro-Credential IUKL & ETSA
What unique insights does this course offer?

Learning Outcomes

Understanding the legal concepts that impact compensation, including laws and regulations related to equal pay, minimum wage, overtime, and benefits.

Analyzing and designing a compensation structure that aligns with the organisation’s strategy, goals, and values and reflects market trends and best practices.

Implementing, administering, and maintaining a compensation system that ensures fairness, consistency, and transparency and fosters employee engagement, motivation, and retention.

Develop effective communication strategies to educate employees about the compensation philosophy, policy, and practices, and address their questions,concerns, and feedback.

Evaluating the impact of compensation on mergers and acquisitions (M&A) and international assignments, and identifying the key challenges and opportunities in managing compensation across different cultures, currencies, and regulations.
Course Description :
Day 1 :
- Introduction to Designing a Competitive Compensation and Benefits Package
- Introduction to Compensation
- Legal Concepts that Impact Compensation
- Designing a Compensation Structure
Day 2 :
- Implementing, Administering, and Maintaining a Compensation system
- Compensation Communication
- Compensation for M&A and International Assignments
- Conclusion
Overall, the learning outcomes for Designing a Competitive Compensation and Benefits Package focus on knowledge and skills in analysing and solving compensation-related problems, making informed compensation decisions, and communicating effectively with stakeholders about compensation-related issues.



