In a turbulent market place and economic transformation, organizations find themselves in the middle of a puzzle, either to compete or keep a low profile. To stay in competition, your company needs to take a strategic decision as to whether or not, you should have a competitive salary scale, which is one of the strategic tools that organizations strive to have in order to maintain their market position. This training course will take you through the secrets of structuring salary scales based in best practice methodologies.
What Is The Training Course Methodology?
ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.
Who Should Attend This Training Course?
This course is designed for the following target audience:
Individuals new to the field of human resource management
Aspiring human resource professionals
Persons who are in supervisory positions and others who have their own businesses
What Are The Training Course Objectives?
Write down job descriptions based on best practice methodologies
Evaluate and price jobs
Acquire good knowledge of the technical skills in making salaries surveys
Attain experiences in estimating salaries scales and problems related to the scale modification and its application
Attain a better knowledge about preparing and forming payroll policies and enhance their performance in explaining, follow up the application of these policies
Create and develop current salary scale using international mechanism
Place current and future staff members into the new scale
Phase out cost of placement
Administer newly developed salary scales based on best practice
Forecast HR annual budget including merit increases and promotional increments
What Is The Training Course Curriculum?
Economic impact and constraints on businesses
Why do businesses excel
Estimating salaries scale
Principles, timing and methods
Goals and scope
Competency based job descriptions
Point rating job evaluation
Salary and benefits survey
Selecting standards jobs
Survey information for comparative organizations
Analyzing survey information
Job matching, benchmarking, and Job pricing
Structuring your competitive salary scale based on best practice approach
Salary brackets and grading structure
Main factors that affect salaries levels
Instructions to apply the corrected salaries scales
Payroll characteristics and policies
Pay bands regression and quartiles
Upward progression ratios
Smoothening the scale cure
Benefits of Scientific Salary Scales
Market catch up process
Placement of new hires
Acquaint working departments with changes and salaries scales and policies
Control application of policies and salaries scales to guarantee it’s proper implementation and its development availability
Human resources budget forecast
Administering merit increases, promotions and career path using a scientific approach structure