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  • Compensation and Benefits London Nov 2022

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    lalaphoe
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    The document provides information about a compensation and benefits training course offered by BMC Training and Development from November 27th to December 1st, 2022 in London Paddington at a cost of 4,700 GBP. The 5-day course objectives are to explain the basic principles of compensation, apply processes like job analysis and evaluation, and design compensation structures and policies. Key topics that will be covered include managing compensation systems, job analysis and descriptions, evaluation methods, compensation structures, allowances, benefits, and conducting compensation surveys.

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    The document provides information about a compensation and benefits training course offered by BMC Training and Development from November 27th to December 1st, 2022 in London Paddington at a cost of 4,700 GBP. The 5-day course objectives are to explain the basic principles of compensation, apply processes like job analysis and evaluation, and design compensation structures and policies. Key topics that will be covered include managing compensation systems, job analysis and descriptions, evaluation methods, compensation structures, allowances, benefits, and conducting compensation surveys.

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    © All Rights Reserved
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    7 views3 pages

    Compensation and Benefits London Nov 2022

    Uploaded by

    lalaphoe
    The document provides information about a compensation and benefits training course offered by BMC Training and Development from November 27th to December 1st, 2022 in London Paddington at a cost of 4,700 GBP. The 5-day course objectives are to explain the basic principles of compensation, apply processes like job analysis and evaluation, and design compensation structures and policies. Key topics that will be covered include managing compensation systems, job analysis and descriptions, evaluation methods, compensation structures, allowances, benefits, and conducting compensation surveys.

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    © All Rights Reserved
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    of 3

    BMC Training and Development - www.bmc.

    net
    support@bmc.net

    Compensation and Benefits

    Course Venue: UK - London

    Course Date: From 27 Nov 2022 To 1 Dec 2022

    Course Place: London Paddington

    Course Fees: 4700 GBP

    page 1 / 3
    BMC Training and Development - www.bmc.net
    support@bmc.net

    Introduction

    Professionals working in the function who wish to acquire relevant knowledge and skills, and those
    working in other areas of Human Resources who wish to broaden their understanding of this
    important function.

    Objectives

    Explain the basic principles and major elements of compensation.


    Apply the various processes in compensation: job analysis, job descriptions and Job
    Evaluation.
    Determine and explain what constitutes a sound and effective compensation and benefits
    program.
    Design a salary structure and related policies.
    Describe the basic compensation survey process.

    Content

    Managing Compensation – An Overview

    Compensation Objectives, Components and Factors Affecting Compensation


    Effective Compensation Management System

    Job Analysis and Job Descriptions

    The Need for Job Descriptions


    Principal Approaches to Job Analysis
    Carrying Out the Job Analysis Process
    The Main Components of Job Description
    Job Description Writing – Practical Application

    Job Evaluation

    Job Evaluation Defined


    Job Evaluation Methods
    The Meirc System Explained
    The Hay System: An Overview
    Job Evaluation Guidelines
    Sources of Error

    Compensation Systems

    Main Compensation Policies


    Factors Affecting Pay Levels
    Paying for Competence
    Basic Salary Structures
    Salary Structure Design
    The Right Number of Grades
    Spread and Progression

    Allowances as Part of Total Pay

    Purpose of Allowances

    page 2 / 3
    BMC Training and Development - www.bmc.net
    support@bmc.net

    Nature of WorkAllowances
    Non Nature of Work Allowances
    Regional Practices

    Understanding Benefits

    Definition and Purpose of Benefits


    Categories of Benefits
    Regional Practices
    Managing an Effective Benefits Program
    Main Features of a Long Term Benefit Plan

    Introduction to Compensation Surveys

    Purpose of Surveys
    Designing and Carrying Out a Compensation Survey
    Compensation Survey Reports

    page 3 / 3

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