HRM Professional Diploma Series: Compensation & Benefits

Title

Course code

MG120.4-10-2023-C

Objective

Upon completion of the course, participants should have acquired the following:

an understanding of the fundamental concepts of compensation and benefits (C&B) management
how to plan and administer C&B
knowledge of company structures, grades and job analysis
an understanding of different methods of conducting salary surveys
an understanding of different types of incentives and their applications
how to plan and administer employee benefits
an understanding of the procedure of salary disbursement
legal salary and benefits regulations in Macao

Content

1. Fundamental concepts of compensation and benefits (C&B)

What is C&B management?
Understanding compensation from the perspective of employees and enterprises
Objectives of compensation management
Functions and Principles of Compensation Management
Content of Compensation management

2. External salary market survey

The Effect of External salary market survey
Selection, design and process of survey methods
Data Analysis and Application

3. Internal Salary Satisfaction Survey

Objectives of internal salary satisfaction survey
Questionnaire design and implementation process
Analysis and application of internal salary fairness

4. Basic Principles of salary system

Basic connotation and principles of salary system
Influencing factors of salary system design
Process of salary system design

5. Design of salary system

Company structure and position analysis
Job Evaluation
Salary budget
Salary strategy
Salary structure and scale proportions
Salary plan design for typical positions

6. Bonus

Connotation and function of bonus
Classification of bonus
Principle of bonus system design
Steps of formulating bonus distribution plan
Timing and methods of bonus distribution

7. Allowance

What is allowance
Type of allowance
Design of allowance scheme

8. Employee benefits

What are employee benefits
Mandatory statutory benefits
Supplementary employee benefits
Flexible benefit plan
Employee welfare scheme design

9. Salary disbursement

Preparations before salary payment
Attendance and leave management
Procedure of salary disbursement
Salary cost statistics and budget monitoring

Assessment

In-class performance, assignments and test

Target audience

This course is tailor-made for HR professionals. Managers/Supervisors involved in planning compensation & benefits review will also find this course useful.

Prerequisite

Priority will be given to individuals who are presently working in human resources management.

Class size

20 Full

Instructor

CPTTM Appointed Instructor(s)

Instruction language

Cantonese

Handout language

Handouts partly in Chinese and partly in English

Duration

30 hours in 10 sessions

Schedule

13:45-16:45, from Oct 15, 2023 to Dec 17, 2023 every Sunday.

Fee

MOP2,980

Venue

CPTTM Head Office (Rua de Xangai 175, Edf. ACM 7 Andar, Macau)

Certificate

Certificate of Completion/Merit issued by CPTTM (with at least 80% attendance and passed the assessment).

PDAC code

Approved Course under the SAR Government "Continuing Education Development Program", Code: 2307180581-0

Remark

This is one of the seven modules of the “Human Resources Management (HRM) Professional Diploma Series (MG120). Individuals who have successfully completed 6 of the 7 modules within a two-year period can apply for a CPTTM Professional Diploma.