There is a lot more to attracting high-quality applicants than putting out a compelling advert — even a positive workplace culture may not be enough. To recruit and retain the best in your industry, you need a fair and comprehensive compensation and benefits package. Offering this not only makes employees feel more valued, but studies show it can boost productivity and reduce turnover.
This course provides important information on how to develop a compensation package and benefits plan, regardless of the type of workplace you run or manage. It begins by discussing the law and how it relates to staff pay, moves on to creating a compensation plan that attracts the best applicants, covers strategies for finding the best benefits package, and finishes by explaining when to review your plans.
- 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 staff
- Why it is easier to manage some benefits independently
- What to do if your recruitment process seems slower than usual
Delivered across four modules and 2.5 hours of learning — Compensation, Benefits and the Law in the UK; Creating a Competitive Compensation Plan; Developing a Comprehensive Benefits Package; and Revisiting Your Compensation and Benefits Plan — this course is part of our Administration & HR courses and wider CPD Courses collection.
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