Payroll Management, Compensation & Benefits Administration

In order to recruit and retain high caliber employees, an organisation needs to provide a package for employee compensation which is attractive, appropriate and affordable. Such packages must not only be attractive externally, they must be fair internally – this means a remuneration structure based also on internal job classifications.

Furthermore, the retention and motivation of high caliber employees is not as simple as paying well. The design of compensation packages must consider the aspirations of employees for personal development and promotion. Organisations must recognize the distinctions between intrinsic and extrinsic reward – extrinsic reward can be financial or non-financial and intrinsic reward requires the provision of interesting and satisfying work.

The Payroll Management, Compensation & Benefits Administration training course will cover the question of how such processes can be managed and will cover employee motivation; performance management; extrinsic and intrinsic reward; the maintenance of standards through the management of employee conduct; job evaluation; short term and long term incentives; the importance of the first line supervisor or team leader; the use of competencies; personal development; career planning and promotion.