Skip to content

Developing a Compensation and Benefits Package Certificate Course

Online CPD Accredited Course with Certificate of Completion


Learning 247

Summary

Price
Save 50%
£39 inc VAT (was £79)
Offer ends 31 July 2024
Study method
Online
Duration
3 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
2 CPD hours / points
Certificates
  • Certificate of completion - Free

7 students purchased this course

Add to basket or enquire

Overview

This course provides you with important information about how to develop a compensation package and benefits plan, regardless of what type of workplace you run or manage.

Certificates

Certificate of completion

Digital certificate - Included

CPD

2 CPD hours / points
Accredited by The CPD Certification Service

Course media

Description

There is a lot more to attracting high-quality applicants than simply putting out a compelling advert. Even a positive workplace culture may not be enough. To ensure that your company recruits and retains the very best in your industry, you need to put together a fair and comprehensive compensation and benefits package. Not only does offering this type of care to your employees make them feel more valued, studies show that it can boost productivity and reduce turnover.

This course provides you with important information about how to develop a compensation package and benefits plan, regardless of what type of workplace you run or manage.

We begin by discussing the law and how it relates to the payment of staff members. The course then moves on to cover the details behind creating a compensation plan that is sure to attract the best applicants. Next, strategies for finding the best benefits package are discussed. Finally, we go into detail about when you should review your plans.

What You Will Learn

  • What constitutes “compensation” and what is classed as a “benefit”
  • The types of compensation employers must pay according to the law
  • How you can reward your top-performing employees
  • The types of benefits you can provide for your staff
  • Why it is easier to manage some benefits on your own
  • What to do if your recruitment process seems slower than usual

Benefits of Taking this Course:

  • Learning why you need a written contract and what it should contain
  • Determining the best way to reward high-performing staff members
  • Understanding why you need to define your corporate philosophy before setting your wages
  • Learning the best way to find a benefits supplier that suits your needs
  • Learning when is the best time to review your policy

Who is this course for?

Anyone who has an interest in learning more about this subject matter is encouraged to take the course. There are no entry requirements to take the course.

Requirements

  • Compatibility: All major browsers/devices

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Reviews

Currently there are no reviews for this course. Be the first to leave a review.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.