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

This course teaches you to leverage Compensation & Benefits (C&B) to attract, motivate, and retain top talent by designing strategic salary structures and benefits programs aligned with business goals. Well-structured C&B is crucial for boosting employee satisfaction, engagement, and retention in today's competitive job market, as of April 2025.

Explore C&B essentials including job analysis, grading, pay structure design, market benchmarking, bonus systems, and building effective benefits packages. You'll also cover legal compliance, using salary surveys for data-driven decisions, budgeting, and implementing various employee incentives.

Designed for HR professionals and leaders seeking advanced strategies, this course provides a comprehensive understanding of C&B. You will finish equipped to design and manage competitive compensation and benefits systems that effectively secure and nurture top talent.

No prior knowledge of compensation and benefits is needed; all concepts will be explained from the ground up.
Basic understanding of HR principles is beneficial but not mandatory.
Access to a computer or tablet for reviewing course materials and completing exercises.
Willingness to engage with real-world compensation and benefits case studies.
A curiosity to explore market-driven salary structures and employee benefits programs.

Skills you will gain:

Understand the fundamentals of compensation, salary ranges, and market alignment
Develop effective bonus systems with ready-made formulas and criteria
Design and manage comprehensive employee benefits programs
Conduct compensation and benefits analyses to optimize HR strategies
Master job analysis techniques to evaluate compensation structures and bonus eligibility.
Implement job grading systems to align pay structures with market benchmarks.
Develop flexible benefits programs tailored to employee needs and organizational goals.
Optimize payroll budgeting strategies to ensure cost-effective compensation planning.
Analyze salary survey data to maintain competitive compensation and benefits offerings.
Apply key retention strategies through targeted bonuses and employee recognition programs.
Design compensation frameworks that align with business objectives and talent retention.
Utilize compensation analytics tools to track salary trends and benefits effectiveness.
Develop Cafeteria Plan models for flexible benefits customization.
Implement performance-based pay structures to drive productivity and engagement.

This course is for:

Beginners in [field]
Professionals looking to upskill
Anyone interested in [topic]