Employee Compensation and Benefits: The Ultimate Compensation and Benefits Blueprint

LEARNING OUTCOMES:

• Understand legal requirements for compensation and benefits in UAE for the company.
• Understand the role and importance of compensation and benefits in an organization
• Design, implement and manage effective compensation and benefits programs
• Stay competitive in the market and attract and retain top talent
• Understand the relationship between job analysis, job descriptions, and compensation
• Align rewards with performance and link it to the organization's strategy and goals.
• Stay current on best practices and trends in compensation and benefits in UAE.

 

COURSE OVERVIEW & CONTENT:

"Compensation and benefits are not just numbers on a page, they are a reflection of a company's values and commitment to its employees."

Compensation and Benefits training is a program designed to provide a comprehensive understanding of the role and importance of compensation and benefits in an organization. The program aims to equip participants with the knowledge and skills to design, implement, and manage effective compensation and benefits programs

Compensation and Benefits are crucial for companies as they play a vital role in attracting, retaining, and motivating employees. A well-designed Compensation and Benefits program can help organizations to attract and retain top talent, improve employee engagement and satisfaction, and increase productivity and performance.

Attending training on Compensation and Benefits can bring many benefits for the employees and the organization. Employees will understand the importance of Compensation and Benefits and how it relates to their job and career development. They will learn how to evaluate and design effective Compensation and Benefits programs, and how to stay competitive in the market.

Introduction to Compensation and Benefits

• Overview of Compensation and Benefits in the UAE Workplace
• The Importance of Compensation and Benefits in an Organization
• Fundamentals of Compensation and Benefits

Understanding Compensation Strategies and Programs

• The Role of Compensation in an Organization
• The Different Components
• The Relationship Between Compensation and Organizational Goals
• The Role of Compensation in Employee Motivation and Retention
• The Different Types of Compensation
• How to Use Market Data to Establish Competitive Pay Levels

Job Analysis and Designing Job Descriptions

• Determining Appropriate Compensation
• Conducting a Job Analysis
• Developing Job Descriptions
• The Different Methods of Job Evaluation
• The Factors Considered in Job Evaluation (E.G. Skill Level, Responsibility, Complexity)

Building and Managing a Compensation System

• The Different Types of Compensation Systems
• The Pros and Cons
• The Process of Implementing
• The Impact of Organizational Culture on Compensation Systems
• The Role of Compensation in Creating a Pay Structure Within the Organization

Benchmarking and Staying Competitive

• Attracting and Retaining Employees
• Conducting a Compensation Survey
• Internal and External Equity in the Compensation Process
• The Impact of Economic Conditions
• Creating a Total Rewards Package That Aligns With Organization's Strategy

Aligning Rewards with Performance

• Linking Rewards to Performance
• The Different Types of Performance-Based Rewards
• Developing and Implementing a Performance-Based Rewards System
• The Impact of Performance-Based Rewards on Employee Motivation and Engagement

Case studies, Simulation and Project work

• Practical application of concepts learned through case studies, simulation exercises, and final project.

 

 

COURSE DURATION: THREE DAYS