Hi,
Kindly let me know what basic knowledge needs to be gained to become a successfull compensation manager.
I have been in IT industry for the past 5 yrs. Worked in recruitment and HR operations. Am quite keen in making a career in compensation.
Is there any training which can increase my knowledge further in this subject.
Compensation Experts - Please suggest
Regards
Chetana
From India, New Delhi
Kindly let me know what basic knowledge needs to be gained to become a successfull compensation manager.
I have been in IT industry for the past 5 yrs. Worked in recruitment and HR operations. Am quite keen in making a career in compensation.
Is there any training which can increase my knowledge further in this subject.
Compensation Experts - Please suggest
Regards
Chetana
From India, New Delhi
Hi Chetana,
To move towards a specialist role of Compensation & Benefit Manager you need to have worked on the following area:
· Salary planning and review
· Incentive plan design
· Reward & Recognition Program
· Stock Plan
. Designing, analysing, reviewing and implementing compensation & benefit programs within the company
It would be an added advantage if you have worked with the Compensation Consulting companes (like Hewitt,Mercer,E&Y etc.) .
There are many trainings being conducted in Mumbai on managerial Compensation etc. I am sure it would a be good help in gaining knowledge on this topic.
Hope this answers your query to some extent!
Thanks,
To move towards a specialist role of Compensation & Benefit Manager you need to have worked on the following area:
· Salary planning and review
· Incentive plan design
· Reward & Recognition Program
· Stock Plan
. Designing, analysing, reviewing and implementing compensation & benefit programs within the company
It would be an added advantage if you have worked with the Compensation Consulting companes (like Hewitt,Mercer,E&Y etc.) .
There are many trainings being conducted in Mumbai on managerial Compensation etc. I am sure it would a be good help in gaining knowledge on this topic.
Hope this answers your query to some extent!
Thanks,
Hi!
I think you should also include the study of Job Evaluation and Analyis, Job Classification, Job Grading, Compensation Benchmarking, and Design of Salary Structure (over and above what was already mentioned above) by our colleague.
Best wishes.
Ed Llarena, Jr.
Managing Partner
Emilla Consulting
From Philippines, Parañaque
89I think you should also include the study of Job Evaluation and Analyis, Job Classification, Job Grading, Compensation Benchmarking, and Design of Salary Structure (over and above what was already mentioned above) by our colleague.
Best wishes.
Ed Llarena, Jr.
Managing Partner
Emilla Consulting
From Philippines, Parañaque
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