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    Compensation and Benefits

    In this seminar, we look at how an organization develops a motivating and rewarding incentive plan. Despite the widespread use of incentive pay, there is limited evidence about what factors influence its organization-wide, broad-based application. Research in incentives has focused on performance measures and pay-performance sensitivities but has largely ignored the “performance standard,” which generates important incentives whenever plan participants can influence the standard-setting process.


    Why design a
    compensation and benefit plan?

     

    Attract capable personnel

    The best and brightest talents will be attracted
    to the compensation and benefit plans you will provide them

     

     Foster good morale

     Employees will have confidence and they will develop
    a positive attitude when working.

     

    Motivate employees to be competent

    Employees will be driven to become more outstanding
    in their work, and enhance their skills.

    Provide opportunities for employees’ career growth

    Employees are willing to achieve their desired goals
    because of the career path set for them in the company.

     

    Offering incentives will have a big impact on employees

    Rewarding employees and recognizing their efforts
    can keep them happy and it will also boost productivity.


    Target Audience

    • HR practitioners
    • Administrative officers involved in compensation planning
    • Entrepreneurs who would like to know how to manage employee benefits

    Course Reviews

    4.5

    2 ratings
    • 1 stars0
    • 2 stars0
    • 3 stars0
    • 4 stars1
    • 5 stars1
    1. Good Concepts

      Good teaching effort by the instructor.

    2. Interesting Course

      Instructor is good in handling queries.

    More Reviews
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