Effective Compensation & Benefit Management seminar at IIM Kozhikode
HR-Managers from Public and Private Sectors who are into the functional domain of compensation and benefit management or the Employee Relations or HRBP professionals those who take part in designing the compensation strategy and act as an interface between management and policy.
Residential - 28500 + Service Tax 12.36%
Non Residential - 23000 +Service Tax 12.36%
16 May 2012
Prof. Manoranjan Dhal
Compensation Strategy is one of the most important strategies in the HRM Function as it influences the costs of the organization and potential bad decision can lead to very serious damages to the organization. The compensation and benefits strategy is derived from the overall HRM Strategy and it has to be fully aligned. When the HRM Strategy sets the main objectives for the HRM Function, the compensation and benefits strategy has to follow. When the overall HRM Strategy states the low cost of services and employees, the compensation and benefits strategy cannot target the highest salaries at all levels.
The effective compensation and benefits management aims at establishing internal, external and individual equity. The strategic planning and design of an effective compensation and benefit management system is not only important to remain competitive but also attract and retain the talent. The compensation and benefits manager must be compliant also as per the required labour laws.
The Learning Outcomes
Module I: Recent trend in Compensation and benefits management
Module II: Job Evaluation-traditional and new techniques
Module III: Compensation-definition and the issue of Equity
Module IV: Building Internal Equity
Module V: Building External Equity
Module VI: Building Individual Equity
Module VII: Benefit Plans
Module VIII: Total Compensation and Reward Planning
Indian Institute of Management Kozhikode,
IIMK Campus P. O.,
Kozhikode 673 570, Kerala , India
Phone: +91-495-2809208, Mobile: 9447100539
Fax : +91-495-2809370, 2803010 and 2803011
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