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HRM Professional Diploma Series: Compensation & Benefits

Title HRM Professional Diploma Series: Compensation & Benefits
Course code MG120.4-04-2023-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
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 Apr 2, 2023 to Jun 11, 2023 every Sunday, excluding Apr 9, 2023(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: 2301130152-0
  • 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.
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