In today's dynamic and competitive business landscape, the Human Resource function plays a crucial role in making accurate and competitive total rewards decisions. To attract and retain top talent, organizations must have a deep understanding of market trends and effectively benchmark their compensation packages. However, implementing and designing these programs incorrectly can be costly.
This comprehensive workshop is designed to provide you with a holistic understanding of compensation and strategy. It will guide you in executing and managing compensation programs effectively in your organization. Additionally, you will learn valuable Excel skills to efficiently manage HR data, from analysis to day-to-day reporting and forecasting

What will the workshop cover?

• Context of Compensation Philosophy, Strategy, and Rewards Elements: Gain insights into the importance of compensation philosophy and and understand the key elements of rewards programs
• Effective Approaches for Compensation Management: Learn different approaches for managing compensation, including the utilization of remuneration surveys.
• Effective Approaches for Compensation Management: Learn different approaches for managing compensation, including the utilization of remuneration surveys.
• Guide to Rewards Program Implementation: Learn best practices for implementing rewards programs in your organization.
• Excel Skills for Efficient HR Data Management: Acquire essential Excel skills to efficiently manage HR data, including compiling and analyzing compensation data from multiple sources.
• Creating, Designing, and Formatting Excel Spreadsheets: Learn how to create, design, and format Excel spreadsheets for reporting and forecasting purposes.
• Case Study: Apply your knowledge and skills to a real-world case study, allowing for practical application and deeper understanding.

What will you learn?

• Develop the ability to stay updated with market changes and design attractive pay packages to attract and retain top talent.
• Enhance your knowledge and understanding of various survey reports and their applications in compensation planning.
• Learn how to apply and leverage survey results to effectively benchmark compensation and manage talent.
• Master essential Excel skills to efficiently manage HR data, including important formulas and data analysis techniques.