Concept of compensation-Exploring and defining the settlement context–System of compensating–compensation dimensions-concept of reward–Role of compensation in Organization- Non-financial compensation system–Concept of total reward system-New trends in compensation management–The 3-P settlement concept.
Payment and Staff Behaviour:
Facets For Classic Pay Program and Modern Pay System–Establishing Pay Plans–Aligning Compensation Strategy with HOURS Strategy and Business Strategy-Seniority and Longevity pay- Relating Merit Pay out with Competitive Strategy-Incentive Pay-Person focus to Pay–Team Primarily based Pay.
Creating Compensation Program:
Building inside consistent Compensation System-Creating Internal Equity through Job Examination and Job Valuation-Building Industry Competitive Payment System-Compensation Surveys– Integrating Internal Job Structure with Exterior Market Pay Rates-Building Pay out Structures that Recognize Person Contributions-Constructing a Pay Structure-Designing Pay for Understanding Program.
Employee Benefits Management:
Components-Legally required Benefits–Benefits Administration–Employee Benefits and Employee Services–Funding Benefits through VEBA–Costing the Benefits–Components of Discretionary Core Fringe Compensation-Designing and Planning Advantage Program–Totally Built-in Employee Profit Program.
Modern-day Strategic Payment Challenges:
Foreign Compensation and Competitive Strategies-Executive Compensation Packages– Compensating Executives-Compensating the Flexible Workforce-Contingent Employees and Flexible Function Schedules–Compensation to get Expatriates and Repatriates–Strategic Issues and Selections in Using Contingent and Flexible Workers.
Definition, problems and opportunity of PM. Performance Appraisals. Determinants of job performance. Mapping, method, sequence and cycle of PM. Performance planning and Role clarity. KPAs- Performance Targets. Characteristic, Behavior and Results approaches to measuring overall performance. The impact of HRM procedures on overall performance.
Assessment center-psychometric tests. Part Play–Self-appraisal-360 Level appraisals-Rating-less 14 appraisals for future years of PMS. Critical incidents worksheet, Merging behavior and outcomes, Remise theory-Causal matrix. Diagnosis and Performance improvement. Overall performance review, Efficiency analysis.
Functionality Bench observing:
Human data processing and gratification loop, efficiency shaping factors–Yerkes– Dodson’s Law-Corporate performance management-EFQM Excellence model–Diagnostic and Process bench tagging. PM Examine, PM pathway analysis. The impact of Efficiency Management on-line managers and Employees.
Proficiency mapping and Pay Plans:
Proficiency Mapping–Mercer’s Man Capital Wheel–Human Asset really worth estimator and Accession rate-CIPD Human Capital framework, Overall performance, Competence and Contribution related pay versions. Cafeteria rewards plan, call back pay. The McBer Common managerial competency model- Proficiency causal flow model-Competency gap–Competency Assessment-Balanced Rating Card framework.
Performance Metrics and Models:
Performance steps pyramid. Steps for building metrics, Wang Lab, Wise pyramid, Conceptual, DHL, RCN Models of PM, Gilbert’s performance matrix and Behavior Architectural model. Course of problems shooting with Behavior model–Mager and Piping trouble capturing model – ATI functionality improvement style, Spangenberg’s Integrated model of PM HOURS, Sears style for company performance.