Compensation and Reward Management – the Practical Approach

This course will focus on the key elements of compensation & reward and management, components, computations, statutory deductions and remittance.

Modules:

• Introduction to compensation and rewards management
• Fundamentals of total reward systems
• Compensation and benefits: laws, principles and practices
• Compensation and benefits: financials, pay structure and job evaluations
• Payroll management
• Statutory and non-statutory deductions
• Key computations: tax, pensions
• Compensation and benefits analytics
• Report on compensation and benefits
• Linking compensation and rewards to organisational outcomes

Learning Objectives:

• To have a good reward and compensation management structure that is suitable to attract, maintain and retain talent.
• To maintain competitiveness and reduce employee attrition rate.
• Compliance with standards that meets statutory regulations and industrial expectations
• To ensure equity, fairness and consistency in reward and compensation management.

Create a good payroll template.