Human Resources
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
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Understand the performance management system.
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Implement different payment structure , appraisal system , benefits to employees.
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Understand the importance of productivity improvement.
Course Outline
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Productivity linked wage system
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PLWS Fixed and variable component
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Benefit of PLWS
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Development of PLWS models
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PLWS steps
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PLWS application tool
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Performance appraisal
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Performance management system
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Component of performance management system
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Implanting an appraisal system
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Post performance appraisal action plan
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Reward and recognition
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Basic pay
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Benefit and incentives
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Policy statement on salary
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Shift system
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Alternative work schedule
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Welfare management
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Non statutory benefits
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Rewarding employees