Certified Compensation and Benefits Professional

Course Outline

• Managing compensation: an overview
  • Compensation objectives
  • Total compensation
  • Direct and indirect compensation
  • Balancing compensation components
  • Compensation and benefits cycle
  • Internal consistency
  • External consistency
  • The hierarchy of needs and compensation
• Job analysis and job descriptions
  • Uses of job descriptions
  • Job analysis explained
  • Carrying out the job analysis process
  • Conducting a proper job analysis interview
  • Explaining a typical job description
  • Job analysis: a summary
• Job evaluation
  • Definition of job evaluation
  • Job evaluation systems
  • Introduction to the Meirc system
  • The Meirc job evaluation system explained
  • Introduction to the Hay system
  • Job grading
  • Sources of error in the job evaluation process
• Compensation systems
  • Objectives of compensation
  • Decisions to take
  • Designing base salary structures
  • Allowances to offer
  • The structuring of benefits’ programs
  • Important considerations in compensation
  • Managing your compensation programs
• Competitive compensation
  • Staying competitive
  • Designing and carrying out compensation surveys
  • Four basic survey methods
  • Data requirements
  • Issues related to the implementation of change
• Performance based rewards
  • The definition of Performance Management (PM)
  • Objectives of performance management
  • Current and prevailing PM systems
  • Rewarding performance
  • Rewarding the right behaviors and results
  • Key Performance Indicators (KPIs)

IPSCMI – USA
The International Purchasing and Supply Chain Management Institute (IPSCMI), USA is a prestigious professional institute offering purchasing and supply chain management certifications throughout the world in all modes of instruction.

APICS – USA
The American Production and Inventory Control Society (APICS), USA is the global leader in supply chain organizational transformation, innovation and leadership. APICS offers a variety of certifications for different needs, so you’re sure to find one that meets your professional goals.

CILT – UK
The Chartered Institute of Logistics and Transport (CILT), UK is the leading professional body for everyone who works in supply chain, logistics and transport. CILT members work in every sector of the industry: Ports and factories, air and sea, transport planning and demand planning, freight, and warehousing.

CIPS – UK
The Chartered Institute of Procurement & Supply (CIPS), UK is the world’s largest professional body serving Procurement and Supply. CIPS offers globally recognized qualifications to help professionals and organizations excel in procurement and supply.

ACI
The American Certification Institute, is a premier professional certification institute well-known in the United States and the world. ACI provides training, testing, and certification issuance for a number of important business-related programs, and does training for certifications issued by the International Purchasing and Supply Chain Management Institute and other professional institutes in the US.

PMI – USA
Project Management Institute (PMI), USA is the leading professional association for project management, and the authority for a growing global community of millions of project professionals and individuals who use project management skills.

IATA – Canada
The International Air Transport Association (IATA) is the trade association for the world’s airlines, representing some 300 airlines or 83% of total air traffic. IATA has partnered with Blue Ocean Academy to deliver IATA Courses in UAE and India. We are an IATA award winning Training Institute.