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This unit seeks to provide the learner with knowledge of employee compensation and rewards required by human resource professionals in both public and private sector organizations. It equips the certified human resource professional with competence to evaluate the various compensation, reward and incentive systems, apply the concept of total compensation and reward policy, develop and implement compensation strategies ,evaluate the various employee benefits and pension schemes, develop and implement a reward system for special groups, administer salary and rewards, link performance and rewards, conduct job evaluation , job grading , market rates analysis and salary survey, tax planning ,apply the legal framework on compensation and rewards and identify emerging issues and and trends in compensation and reward systems.
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What Will You Learn?
- Leadership as an aspect of behavior in an organization.
- Role of groups and teams for effective organization performance.
- Effective management of change and organization culture
COMPENSATION REWARD AND INCENTIVE SYSTEMS
Introduction to Compensation , Reward and Incentive Systems06:58
Distinction between Compensation Reward and Incentive Systems06:26
Objectives of Compensation Reward and Incentive Programs00:00
Designing and Managing Compensation Reward and Incentive programs00:00
Types of Compensation Reward and Incentives00:00
Benefits and Challenges of Compensation Reward and Incentive Systems00:00
Overcoming the challenges of Compensation Reward and Incentive Systems00:00