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Compensation And Benefits

Compensation And Benefits

Duration (Days)

2

Overview

This course is designed to help participants to use compensation system to retain the best performers. By using compensation and benefits , to encourage productive and performance.

Objectives
  • Understand the performance management system.

  • Implement different payment structure , appraisal system , benefits to employees.

  • Understand the importance of productivity improvement.

Course Outline
  • Productivity linked wage system

  • PLWS Fixed and variable component

  • Benefit of PLWS

  • Development of PLWS models

  • PLWS steps

  • PLWS application tool

  • Performance appraisal

  • Performance management system

  • Component of performance management system

  • Implanting an appraisal system

  • Post performance appraisal action plan

  • Reward and recognition

  • Basic pay

  • Benefit and incentives

  • Policy statement on salary

  • Shift system

  • Alternative work schedule

  • Welfare management

  • Non statutory benefits

  • Rewarding employees