Certificate in Developing Salary Structure

  • The Role of Compensation & Benefits Management within the HRM function.
  • The strategic Impact of C&B to the organization ( Linking C&B to Profitability)
  • A Model of C&B Cost Ratio computation ( C&B cost to revenue budgeting)
  • Equity Issues in Designing C&B packages
  • Developing the Job Grade Structure:
    • Creating the JD and JS
    • Using JD and JS with the Points Based JE System
    • Making Decisions on Job Grading
    • Type of Job Grade Structures
  • Developing the Salary Structure
    • Surveys  - Benchmarking and Leveling
    • Reading and analyzing market data, computing variance
    • Positioning - Determination of line of competitiveness
      • Line of Best Fit – Regression using MS Excel
      • Basic, Gross and Total Remuneration levels, Loading factor, benefits to base pay ratio
    • Salary structure budget forecasting using the compa-ratio
    • Types of Salary Structures and scales
    • Developing a salary scale
      • How to decide on the pay range
      • How to create competitive minimum and maximum on the salary  scale
      • Understanding salary scale dimensions :  Midpoints, Midpoint progression, Overlaps, Compa ratio, Penetration Ratio.