Compensation and Benefits (C&B) in the Total Rewards System
What you'll learn
- Understand the fundamentals of compensation, salary ranges, and market alignment
- Develop effective bonus systems with ready-made formulas and criteria
- Design and manage comprehensive employee benefits programs
- Conduct compensation and benefits analyses to optimize HR strategies
- Master job analysis techniques to evaluate compensation structures and bonus eligibility.
- Implement job grading systems to align pay structures with market benchmarks.
- Develop flexible benefits programs tailored to employee needs and organizational goals.
- Optimize payroll budgeting strategies to ensure cost-effective compensation planning.
- Analyze salary survey data to maintain competitive compensation and benefits offerings.
- Apply key retention strategies through targeted bonuses and employee recognition programs.
- Design compensation frameworks that align with business objectives and talent retention.
- Utilize compensation analytics tools to track salary trends and benefits effectiveness.
- Develop Cafeteria Plan models for flexible benefits customization.
- Implement performance-based pay structures to drive productivity and engagement.
Requirements
- No prior knowledge of compensation and benefits is needed; all concepts will be explained from the ground up.
- Basic understanding of HR principles is beneficial but not mandatory.
- Access to a computer or tablet for reviewing course materials and completing exercises.
- Willingness to engage with real-world compensation and benefits case studies.
- A curiosity to explore market-driven salary structures and employee benefits programs.
Description
Learn compensation & benefits (C&B) strategies to design competitive salary structures and benefits programs for employee retention.
Course Description:
Unlock the power of Compensation & Benefits (C&B) to attract, motivate, and retain top talent. In today’s competitive job market, well-structured compensation and benefits programs are key to employee satisfaction, engagement, and long-term retention. This course provides HR professionals with the essential skills to design competitive salary structures, implement benefits programs, and optimize reward systems aligned with business goals.
Whether you’re an HR specialist, compensation analyst, or business leader, this course will equip you with advanced compensation strategies, benefits administration techniques, and the latest C&B trends to enhance your company’s reward system.
What You Will Learn:
• Fundamentals of compensation and benefits (C&B) in HR
• How to design and implement effective salary structures
• Job evaluation methods for fair and competitive pay scales
• The role of market benchmarking in compensation strategy
• How to build and manage employee benefits programs
• Legal and compliance aspects of compensation & benefits
• C&B strategies for employee retention and engagement
• Performance-based compensation and incentive plans
• Advanced techniques for salary negotiations and pay equity
Full Course Program:
Class 1: Basics of Compensation – Modern Research & Salary Structures
• Understanding compensation in HR and talent management
• What companies pay employees for: salary, bonuses, and total rewards
• Fixed pay structures: base salary vs. variable pay
• The role of salary ranges in compensation management
• How companies navigate the market to ensure competitive compensation
Class 2: Job Analysis for Compensation & Bonus Development
• Why job analysis is crucial for compensation planning
• Key job analysis methods used in HR and compensation strategy
• Developing job descriptions to align with compensation frameworks
• Identifying key compensation factors for performance-based bonuses
• How job analysis impacts compensation benchmarking and salary scales
Class 3: Job Grading and Pay Structure Development
• The role of job grading in compensation management
• How to implement a grading system for salary structuring
• Ready-made job grading tools for HR and compensation specialists
• Linking job grades with market salary benchmarks and internal pay equity
• Best practices for maintaining pay structure consistency
Class 4: Designing a Company’s Bonus System for Employee Motivation
• Types of bonuses in compensation planning: performance, retention, referral
• Key factors for developing bonus structures in HR and rewards management
• How to design a results-driven corporate bonus program
• A ready-made formula for structuring and calculating staff bonuses
• Aligning bonus programs with business objectives and employee performance
Class 5: Building an Effective Employee Benefits System
• The role of benefits in total rewards and talent retention
• Comprehensive overview of all types of employee benefits
• Benefit budgeting strategies for HR and compensation professionals
• Flexible benefits (Cafeteria Plan) and how to implement them
• Analyzing employee benefits impact on engagement and productivity
Class 6: Salary Market Reviews, Payroll & Benefit Budgeting
• How companies participate in labor market salary reviews
• Identifying credible salary benchmarking providers
• Examples of salary benchmarking reports and provider data files
• How to interpret and utilize salary survey outcomes in compensation planning
• Payroll budgeting strategies to optimize compensation and benefits spending
Class 7: Compensation & Benefits Analysis – Conducting Effective Surveys
• How to analyze compensation and benefits for market competitiveness
• Conducting salary and benefits surveys for HR insights
• Key compensation surveys that help HR professionals make informed decisions
• Evaluating the effectiveness of compensation & benefits programs
• Data-driven decision-making for salary structure optimization
Class 8: Employee Recognition, Referral Bonuses & Additional Incentives
• The role of achievement recognition programs in employee engagement
• Structuring referral bonuses to encourage employee participation
• Job entry bonuses: when and how to offer them effectively
• Retention bonuses: securing top talent with strategic incentives
• Exploring other types of bonuses to enhance compensation strategies
Who Should Take This Course?
• HR professionals and compensation specialists looking to enhance their C&B expertise
• Business leaders and executives responsible for workforce planning and retention
• Talent acquisition and HR business partners involved in salary negotiations
• Payroll managers and benefits administrators managing compensation programs
• Anyone looking to build a strong foundation in compensation & benefits strategy
By the end of this course, you will have a comprehensive understanding of Compensation & Benefits (C&B) and be able to design competitive pay structures and benefits programs that attract and retain top talent.
Enroll now and take your HR expertise in Compensation & Benefits to the next level!
Who this course is for:
- HR professionals looking to expand their expertise in compensation and benefits strategies.
- Compensation and benefits specialists aiming to enhance their analytical and structuring skills.
- HR managers responsible for designing and implementing salary structures and employee benefits programs.
- Business leaders and executives who want to align compensation strategies with company goals.
- Payroll and finance professionals seeking to understand market-based compensation models.
- Recruiters interested in improving offer negotiation and competitive salary benchmarking.
Instructor
- 4.5 Instructor Rating
- 4,618 Reviews
- 87,379 Students
- 132 Courses
Meet Mike Pritula: #1 Udemy HR Instructor, Investor and Mike Pritula Academy founder
★ Built HR for Wargaming | Preply | iDeals | PeopleForce and more
★ Brought HRCI and SHRM certification to more than 10 countries
★ Founded the World's first and biggest HR online Academy with 135 online courses in 5 languages and 175 countries
★ Worked with Randford, Deloitte, EY, HAY group, Korn-Ferry and other consultants on numerous HR projects
★ Udemy shareholder
Why Should You Learn From Me?
I am not just an instructor; I’m a proven leader who has transformed HR and operational strategies across industries. Over the past 20 years, I’ve guided more than 100,000 HR professionals worldwide to excel in their careers. Here’s what sets me apart:
• Founder of Mike Pritula Academy: A leading online HR academy offering 135+ courses and home to one of the largest HR communities with over 200,000 members.
• Creator of the most comprehensive HR Audit Checklist and the HR Competency Model used by professionals globally.
• Holder of globally recognized certifications including PHRi, SHRM-CP, and HCI sHRBP, ensuring that I bring industry-leading knowledge to every course.
• HR automation expert who has implemented tools like BambooHR, 15Five, PeopleForce, and many others to streamline operations in leading companies.
• A trusted advisor and keynote speaker, with over 5 million views on my articles and presentations.
• Youtube Silver Button holder for my Educational HR channel
What Have I Achieved?
• Recognized as one of the Top 10 HR Leaders in CIS.
• Named HR Person of the Year in Ukraine (2018) and Belarus (2017).
• Authored two career-defining books, “Resume for a Million” and “AI in HR”, helping professionals land dream jobs and prepare for the future of HR.
• First to launch HRCI Certification Prep Courses in over 10 countries, bringing global certifications to a wider audience.
• Designed and led 50+ high-impact HR projects across diverse industries.
My Career Journey: Proven Expertise in Transforming Businesses
From multinational corporations to innovative startups, I have played key HR leadership roles in companies like Wargaming, Preply, iDeals, and Alfa Bank. My accomplishments include:
• Building four high-performing HR teams from scratch to drive organizational success.
• Leading HR transformations, such as implementing OKR systems, enhancing recruitment strategies, and driving employee engagement.
• Scaling operations with innovative solutions, including automation of key HR processes.
What Will You Gain from My Courses?
1. Practical Skills in HR and Leadership: Learn actionable strategies that can be applied immediately in your role.
2. Mastery of Operational Excellence: Discover frameworks to optimize workflows and improve efficiency.
3. Advanced Tools and Technology: Harness AI and automation tools to revolutionize your HR practices.
4. Global Expertise: Access insights from my experience across diverse industries and cultures.
Why Am I the Right Instructor for You?
My courses are built on real-world experience. I’ve faced the challenges you’re encountering, solved them, and refined strategies that work. Whether you’re just starting your HR career or are a seasoned professional, my programs will empower you to achieve your goals.
I don’t just teach concepts; I equip you with practical tools, templates, and step-by-step frameworks to ensure you can take immediate action.
For Publishers and Advertisers:
If you are interested in Product Placement, Sponsorship, Collaboration, Direct Advertising, or Course Licensing, please contact me through my LinkedIn profile.
Are you ready to unlock your full potential and become a leader in HR and operations? Enroll today and join thousands of professionals who have transformed their careers with my guidance. Let’s get started! ⇣