Certified Compensation and Benefits Manager

Module 2. Building Compensation Structure

1. Design Job Description and Internal Equity: Job Evaluation Methods
2. Understand job grading, Level Of Grades And Bands, create Grade Level And Descriptors, Grades and Benefits
3. Learn about Point Plan
4. Define A Compensable Factor And Associated Degree, Assigning Points to Degrees, Assigning Points to the jobs
5. Understand Salary Structure, Impact Of Mobility On Salary Structure,
   Common Components of salary structure
6. Perform an Internal Compensation Analysis,
7. Plan the range spreads, Strategic aspects of planning a salary structure
8. Develop understanding of hardship incentives

Module 3. Create Incentive based reward programmes

1. Understand the steps in introducing pay for performance

• Intent
• Who & how much
• How will you measure the performance Pay Outs
• Benefits administration and Evaluation

2. Know about Skills based pay, types of Skill‐Based Pay Systems, Steps in designing a Skill‐Based program.

Module 4. Benchmarking & Increments

1. Conduct a Salary Survey, types of Salary Survey, design of Salary Survey, periodicity Of Surveys
2. Understand the Key aspects of a salary survey, market correction based on salary survey
3. Set up annual increment policies, factors for determining salary raises
4. Understand the Performance Bell Curve
5. Know how much hike do companies normally give in
   India
   Middle East
   Philippines
6. Understand the ways in which budgeting can be done
7. Learn ECR Ratio, typical Ratios
8. Understand Budgeting based on incremental method