Certificate in Compensation & Benefits
Course
Description:
The Certificate is Compensation and Benefits is a Three Months Distance
Learning program that provides a theoretical and practical understanding of
Compensation and Benefits.
This certification program includes an extensive evaluation procedure to certify its
successful completion. Individuals who successfully complete the course and
pass the required examination will be awarded a certificate. This Certificate will
be awarded by Highly Keen (A Registered Firm Specialized in HR).
Goals & Objectives:
 To provide knowledge to HR Professionals on compensation and benefits in
order to facilitate them in their careers in HR field.
.
Grading:
Assignment 1
Assignment 2
Assignment 3
Final Exam
20%
20%
20%
40%
Total
100%
In order to be eligible for the award of Certificate the candidate must submit all
assignments and Final Exam as per instructions. The following grading plan will
be applicable for the Certificate Course:
A+
90 – 100
A
80 – 89
B+
70 – 79
B
60 – 69
C+
50 – 59
C
40 - 49
F
below 40
Candidates who due to some reasons are unable to appear in the final exam are
required to submit a written application stating the reason for not appearing in the
exam. Highly Keen reserves the right to approve or deny such applications. If
approved, the student will be allowed to give the exam within 7 Days. In case a
candidate fails to do so, s/he will not be eligible for certificate.
1
Certificate in Compensation & Benefits
Overview of Compensation & Benefits
 What Is Compensation?
 Core Compensation
 Employee Benefits
 Compensation Professionals Goals
 Stakeholders of the Compensation System
Traditional Bases for Pay: Seniority and Merit
 Seniority and Longevity Pay
 Merit Pay
 Performance Appraisal
 Strengthening the Pay-for-Performance Link
 Possible Limitations of Merit Pay Programs
Incentive Pay
 Exploring Incentive Pay
 Contrasting incentive Pay with Traditional Pay
 Individual Incentives
 Group Incentives
 Companywide Incentives
 Designing Incentive Pay Programs
Establishing Pay Rates
 The Salary Survey
 Job Evaluation
 Group similar jobs into pay grades
 Price Each Pay Grade
 Fine Tune Pay Rates
Discretionary Benefits & Legally Required Benefits
 An Overview of Discretionary Benefits
 Components of Discretionary Benefits
 An Overview of Legally Required Benefits
 Components of Legally Required Benefits
 Designing and Planning the Benefits Program
Compensating Executives
 Contrasting Executive Pay with Pay for Nonexecutive Employees
 Defining Executive Status
 Executive Compensation Packages
 Principles and Processes for Setting Executive Compensation
 Executive Compensation Disclosure Rules
 Other Benefits
2
Payroll Administration
 What is Payroll
 What is Payroll Administration
 Payroll Software Systems
 Outsourcing of Payroll Administration
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