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Human Capital Management |
Financial Services & Risk Management
| Macquarie
University Programmes
Diploma in
Compensation and Benefits Management (DipCBM)
Programme Overview
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Admission & Fees
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Application
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Downloads & Enquiry
SHRI’s DipCBM
programme provides a solid grounding for individuals to learn
in-depth the methodology for designing a motivational rewards system and
integrating them with the organisation’s strategic business direction.
It offers a new and wider perspective into the concept of compensation
and benefits, both locally and internationally. In addition, it equips
individuals with knowledge and skills to manage compensation and
benefits for the organisation effectively to create positive business
results and flexibility in adjusting the business costs in response to
the rapid changing economy.
Course Content
Module 1
- Strategic Compensation and Benefits
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Strategic Framework of Compensation Systems
·
Employee Motivation
Module 2 - Administrative Expert
· Compensation and Benefits Administration
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Managing Audit and Pay Process
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Outsourcing
Module 3 - Benefits and Incentives
Management
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Benefits
(Designing Benefits Plans, Healthcare Plans, Insurance Plans, Retirement
Plans, Flexi–Benefits, Time Off, Work-Life Benefits, Trends and Issues)
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Incentives (Understanding Incentives, Roles of Incentives,
Designing Incentive Plans, Long-Term Incentives, Stock Options,
Performance Contingent, Shares plans, Performance shares, Short-Term Incentives, Incentive Pay Programmes,
Variable Pay Plans, Measurements, Payout Mechanisms, Funding and Return
on Investment)
Module 4 - Compensation (Salary) Management
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Salary Structure and System; Legal Aspects; Base Pay
Determination Methods; Sales, Executive, Variable, Performance & Team
Compensation; and Balanced Scorecard
Module 5 - International and Global Compensation & Benefits Management
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Understanding International / Global Compensation and
Benefits
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Approaches to International Compensation and Benefits
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Issues and Challenges of Equity Between Home and Host
Location
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Comparison of Packages — Similarities and Differences
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Legal Issues
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Designing Successful International Compensation Packages
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Expatriate Compensation Methodologies
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Taxation Issues
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Equalisation Issues on Housing, Goods and Services Packages
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International Transfer Issues
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Compensation for Third World Country Nationals
· Cases in China, Vietnam, Thailand and Indonesia
Module 6 - Job Analysis &
Performance Management Roles
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Job Analysis (Understanding Jobs, Job Analysis, Job
Evaluation and its applications)
Comparison of Packages — Similarities and Differences
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Performance Management (Integrating Performance Management,
Understanding Performance and Performance Management Cycle, Performance
Metrics and Measurements)
Module 7 - Essential Statistical
Tools for Compensation Management
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Quantitative concepts
· Statistics — Organising and Analysing Data
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Time Value for Money
· Statistical Modeling
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Mathematical and Statistical Applications
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Statistical Software
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Application of Tools
The modules listed above may be conducted in a
different sequence.
Course Duration
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12
months; 183 training hours
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Lessons are conducted twice a week
Assessment
Methods
Candidates are assessed by assignments, tests and a written examination.
Students who attend and pass all seven modules in the programme and
successfully complete the market / salary survey project and a Final C&B
project will be awarded
the Diploma in Compensation and Benefits Management by SHRI.
Candidates will be awarded the Certificate
in Strategic and Administrative Compensation & Benefits Management
upon the successful completion of Modules 1 and 2; or Certificate
in Benefits, Incentives & Salary Management upon the
successful completion of Modules 3 and 4; or Certificate in Strategic
and International Compensation & Benefits upon the successful
completion of Modules 1 and 5.
Advancement
DipCBM graduates are encouraged to enrol in the Bachelor of Commerce
(Management & HRM), subject to Curtin University of Technology’s
approval. Candidates may be required to take additional business units.
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