Compensation and Benefits / التعويضات والمزايا

Compensation and Benefits, Main Agenda

• Main introduction

• Expectations

• Main Objectives of the module

• Main Topics

• Road map

• Methodology

• References

• Rules

Compensation & Benefits can be described as the exchange of payment from an employer for the services provided by its employees.

In today’s challenging economy, competitive Compensation & Benefit programs are vital to attract, retain and motivate employees.

In many organizations, Compensation & Benefits cost is the largest operating expense

It is the main responsibility of HR to manage the impact of the Compensation & Benefits programs on the organization.

Since Compensation & Benefits relies mainly on managing money (salaries, bonuses, deductions, rewards, overtime ..etc) it is a must to have the basic understanding of accounting practices.

By the end of this module (8 weeks; 7 sessions + exam), participants will be able to :

• State the key legislations controlling the compensation & benefits programs

• Develop compensation & benefits programs in alignment with the organization strategic direction

• Evaluate the effectiveness of compensation & benefits programs.

Main Topics

1.Key compensation legislation

2.Organization’s Strategic focus

3.Compensation structure

4.Compensation systems

5.Introduction to benefit programs

6.Non-statutory benefits

7.Evaluating the Compensation & Benefits system