Learn With ASM

Compensation

Compensation

Learn With ASM

What is compensation in HRM?

Compensation as a managerial function in HR focuses on the organization of pays, benefits, and rewards as a strategy to maintain and motivate employees. It is critical for incentivizing workforce productivity, maintaining a competitive position in the market, and aligning performance with desired business outcomes. The critical components are formulating appropriate remuneration policies and structures, administering bonuses and other financial incentives, assessing supplementary remuneration, and compliance with statutory obligations. Properly designed incentives improve productivity and motivate employees which foster the growth of the entire organization, which is why it is one of the primary domains in human resource management and organizational strategy.

How We Prepare You?

At ASM IBMR, we are dedicated to training the next generation of HR specialists focused on compensation and benefits. Our PGDM In Marketing & HRM combines coursework with internship placements, delivering a head-start to students in the highly competitive HR industry. This is how we brace you to face industry challenges.

Broad Curriculum: The course incorporates essential aspects of strategic compensation such as wage systems, employee benefits, executive compensation, and reward-based performance compensation.

Hands-On Sessions: Participation in compensation analytics, live salary benchmarking, and casing studies on benchmarking compensation packages provide invaluable insights.

Expert Faculty: Interact with human resource professionals, compensation advisors, and other domain specialists having rich experience in dealing with employee remuneration and benefits.

Internships & Corporate Tie Ups: Facilitate learning through practice by undergoing internships with leading MNCs, HR consulting companies, and corporate HR divisions.

Technological Edge: Understand the application of analytics in human resource management, payroll software, and digital compensation planning.

Why Select ASM IBMR for Compensation Management?

ASM IBMR is prominent in PGDM In International Finance & HRM as a student receives dynamic exposure and learns in an environment with ample industry connection specialists aiding career development. Here’s why choose us:

Strong Industry Connections: Collaboration with eminent corporations, HR consultancy firms, and consultancy agencies gives access to valuable connections.
Global Compensation Exposure: International best practices for compensation, equity pay, and expatriate salary administration are opened for appreciation.
100% Placement Assistance: Placement cell guarantees students placement in renowned HR firms, multinational corporations, and compensation consulting agencies.
Real-World Learning Environment: Acquire fundamental knowledge with case studies involving salary structuring workshops and performance-based incentive schemes.

Skill Development: Training emphasizing leadership and other planning domains such as devising employee compensation benefits a well-rounded proficient HR professional requires.

Who Should Apply for Compensation Management Courses?

Compensation Management caters to learners keen on furthering their studies in HR Management or Wish to specialize in Employment Relations, Business Administration, or Builders, offering a niche for aspiring professionals to work in strategic compensation planning along with designing employee benefit packages. You must apply if:

You wish to pursue a career in management of payrolls, human resource analytics, or human resources.
You seek the ability to master salary payments, performance motivators rewards systems, and executive level remuneration.
Possession of a bachelor’s degree in human resource management or business administration or its equivalent and intends to focus more on compensation management.
You are an entrepreneur looking towards designing effective remuneration policies while retaining talents within the firm.
You intend to work in human resource consulting, corporate level payroll management, or labor market consulting.

Conclusion

Competitively, both business executives and human resources require proficiency in compensation management. Compensation Management is designed to provide you with in-depth understanding, practical training, and relevant experience in employee remuneration. Program is designed for both new graduates and employed professionals, fostering leadership competencies in human resources and compensation strategy development. Enroll now to take charge of driving value through effective compensation management and shaping employee success.

Career Opportunities in Compensation Management

A focused study on compensation management provides a wealth of opportunities within Human Resource as well as Corporate Management. The most notable ones are:

Compensation & Benefits Manager: Develops salary, benefits, and incentive structure for employees and manages its implementation.
HR Compensation Analyst: Studies compensation policies, progressively conducts wage surveys, and does preliminary work on budgetary compensation planning.
Payroll Specialist: Look after the maintenance of a company’s payroll account, salary payment, taxation, and disbursement of earnings.
Employee Benefit Consultant: Help companies in developing competitive benefit packages like life insurance, pension schemes, and other associated incentives.
HR Policy Specialist: Administer compensation policies which reflect the expectations of the company and those of the relevant market.