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BusinessHuman ResourcesEmployee Performance Management

Performance Management and Compensation Management in HRM

Performance Management and Compensation Management Complete Course
Rating: 4.1 out of 54.1 (112 ratings)
6,728 students
Created by Edcorner Learning
Last updated 4/2021
English
English [Auto]

What you'll learn

  • Role of HR professional in Performance management
  • Role of HR professional in Compensation Management
  • Performance Management System
  • Performance Management Process
  • Methods of Performance Appraisal
  • 360 Degree Feedback
  • Potential Appraisal
  • Performance Management Implementation
  • Architecture of Compensation Management
  • Designing Compensation
  • Wages and salaries administration
  • Performance reward
  • Incentives and Fringe Benefits
  • Stock Based Compensation
  • International Payment System

Requirements

  • Eager to learn Performance Management & Compensation Management

Description

Performance management is a corporate management tool that helps managers monitor and evaluate employees' work. Performance management's goal is to create an environment where people can perform to the best of their abilities to produce the highest-quality work most efficiently and effectively.

Performance-management programs use traditional tools such as creating and measuring goals, objectives, and milestones. They also aim to define what effective performance looks like and develop processes to measure performance. However, instead of using the traditional paradigm of year-end reviews, performance management turns every interaction with an employee into an occasion to learn.

Compensation management, also known as wage and salary administration, remuneration management, or reward management, is concerned with designing and implementing total compensation package.

Compensation management is the practice of planning and distributing the overall pay and benefits package to a company's employees. This program ensures that a company's salaries and bonuses remain competitive within the industry and equitable within the organization. It also involves managing company benefit programs, ensuring the job classifications are up to date, risks are minimized, and the package meets the overall needs of employees and their families.

Learning outcomes from this Courses:


  • Understanding Performance

  • Fundamentals of Performance Management

  • Performance Management System

  • Performance Counselling

  • Performance Management Process

  • Performance Planning

  • Understanding Performance Appraisal

  • Performance Influencers

  • Methods of Performance Appraisal

  • Job and related concepts

  • Degree Feedback

  • Potential Appraisal

  • Mentoring and Coaching

  • Performance Monitoring

  • Performance Measurement

  • Career Development and Mobility

  • Performance Management Implementation

  • Ethics in Performance Management

  • Performance Management in International Context

  • Role of HR professional in performance management

  • Understanding Compensation Management

  • Foundation of Compensation Management

  • Factors influencing Compensation Management

  • Compensation and Job Evaluation

  • Architecture of Compensation Management

  • Designing Compensation

  • Behavioural Dimension of compensation management

  • Managing Performance

  • Wages & salaries administration

  • Performance reward

  • Incentives and Fringe Benefits

  • Stock Based Compensation

  • Compensation and Business Environment

  • Executive Compensation

  • Challenges to compensation management

  • Compensation for Flexible Workforce

  • Legal framework for Compensation

  • International Payment System

Who this course is for:

  • HR Professionals
  • HR Managers
  • Any Postgraduate Pursing MBA HR
  • Training Manager
  • Payroll Manager
  • Talent Acquisition Manager (or Recruiting Manager)
  • Benefits Manager
  • Compensation Manager
  • Sourcing Manager
  • HR Project Manager
  • HRIS Manager
  • Strategic Sourcing Manager
  • HR Analyst
  • Recruiter
  • HR Coordinator
  • HR Business Partner
  • HR Consultant
  • Managers

Instructor

Edcorner Learning
Edcredibly - Be Incredible
Edcorner Learning
  • 3.8 Instructor Rating
  • 1,849 Reviews
  • 135,833 Students
  • 23 Courses

Edcorner provides customer-focused training options in multiple formats and delivery methods, offering individuals and organizations top-quality training that can be tailored to meet individual learning styles and specific needs, such as Online training, Customized training, self paced training, onsite training.

Our instructors are highly qualified and industry experts from across the domain.

Edcorner offers training for following skillsets:

1. HR & HR Analytics, Workday HCM.

2. Programming - C, C++, C sharp, JAVA, JS, Angular, Python, HTML CSS. PHP, Flutter,  vb.net, .net, Unity and much more.

3. Cyber security.

4. Blockchain.

5. SAP

6. Oracle

7. Designing.

8. Project Management

9. Excel

10. Finance.


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