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Certified Compensation & Benefits Professional CCBP

Course Overview

Step into the dynamic world of organizational rewards and compensation – where strategic investment meets maximum impact. Did you know that a substantial portion of operating costs within organizations is dedicated to pay, incentives, and benefits? However, many enterprises squander a critical investment by not implementing a well-crafted reward strategy.

But here’s where the journey gets exciting. Real-world case studies that unveil the secrets to developing a robust reward strategy. Explore diverse reward processes that align perfectly with your organization’s DNA of business, HR, and employee circumstances.

As you progress through the program, dive into the actual design phase. Craft the main components of direct cash compensation, both in base and variable pay, and learn the art of setting pay levels just right. Gain insights into linking pay to performance measures, avoiding risks of talent loss and financial overspending. This course is a roadmap of structuring and optimizing base and variable pay for unparalleled ROI.

From grading and salary structures, pay scales, allowances, pay reviews, bonuses, incentives, benefits, and even non-financial rewards like recognition and retention schemes – this course will revolutionize your approach to compensation and rewards.

Who Should Attend

This course is designed for everyone who requires an appreciation or an in-depth knowledge of pay strategy, pay benchmarking, designing pay scales and compensation structures, and managing salaries of employees as part of a Total Reward framework. This includes anyone who needs to be involved in compensation and salary structures, including all employees in HR at all levels of VPs / Directors / Managers / Specialists / Analysts / Generalists, and this course is designed for all the following participants:

  • All managers and professionals and specialist who work in any area of HR
  • All specialists in HR who work in Compensation and Remuneration and Rewards
  • All specialists in HR who work in Performance Management and Performance Appraisals
  • All managers from any functional area that need to know about pay scales and salaries

Course Objectives

At the end of this course, participants will be able to:

  • Develop a reward strategy, taking into account key business, organizational and HR issues
  • Understand the impact of the options for various reward programs
  • Identify different job evaluation methodologies and decide when to apply them
  • Evaluate different pay structures and pay progression methods and when it is appropriate to apply particular methods
  • Be clear about employee motivation, engagement and the links with rewards
  • Assess the relationship between pay and the wider performance management system
  • Evaluate incentive schemes and the different approaches to individual and group incentive schemes

Course Content

What is a reward strategy?

  • Objectives, process and success measures

Understanding the reward environment

  • Business environment and organizational needs
  • People environment
  • Employee motivation and needs
  • Organization values

Reward strategy design

  • Total reward • Strategy development
  • Link with other HR programs
  • Success measures

Evidence-based strategy design

  • Understanding the framework
  • Evidence-based success criteria
  • Measures

Reward philosophy

  • Guiding principles
  • Examples of strategies

Reward strategy development

  • The process of developing a reward strategy
  • Current practice
  • Developing the plan, tools, communication, success measures
  • The change process

Reward components

  • Overview of reward tools and techniques
  • Total reward
  • Program options

Implementing your reward strategy

  • The paradoxes
  • Barriers to success
  • Enablers

Action planning

  • Learning from an extensive case study
  • Develop the first building blocks for your reward strategy

Introduction to job evaluation and pay-setting

  • The different job evaluation methodologies
  • The pay-setting context, structures and progression

Job Evaluation

  • Formal versus informal schemes
  • Current day practice
  • Purpose and key features of job evaluation
  • External factors

Pay-setting

  • Trends in performance evaluation
  • Dealing with the interaction between internal and external worth

Pay surveys

  • Concepts of external market rate and internal equity
  • Survey benchmarking and data presentation
  • Sources of market pay data

Pay structures and progression

  • Different types of structures and how to select the most appropriate one for you
  • Ensuring transparency, consistency, alignment and equal pay
  • Designing and implementing a new pay structure

Engagement and motivation

  • Comprehensive view of reward
  • Motivation theories
  • Motivation, culture and implications

Pay elements

  • A review of the different approaches
  • Case study
  • Current trends in the use of different pay elements (including allowances)
  • Balancing fixed and variable pay elements

Performance Management

  • Process and objectives
  • Culture
  • Performance ratings
  • New developments

Pay for performance

  • The relationship between pay and the wider performance management system
  • Design case study
  • Incentive pay – scheme design
  • Bonus schemes
  • Sales incentives and commission schemes
  • Commission schemes – key features

Table of Contents

Course Code DU0108 Category
Location: Dubai, UAE
Duration: 5 Days
Language: English
Cost: 15,770 SAR
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