Certified Compensation & Benefits Management (CCBM)

Compensation and Benefits is part of Human Resource Management, which deals with determining employee compensation and benefits. The Certified Compensation and Benefits Management CCBM course in Dubai provides a comprehensive understanding of the compensation functions within an organization. Through this CCBM course, professionals learn the fundamentals of compensation and benefits, the basic rewards system, and global trends in compensation and benefits.

ELIGIBILITY: The Compensation and Benefits certification course in Dubai is appropriate for HR professionals seeking to enhance their understanding of compensation and benefits management. Anyone interested to enroll in this CCBM certification training course should have

• Bachelor degree or higher
• Minimum 5 years work experience in the compensation & benefits function

CAREER OPPORTUNITIES:

Market Trends: In the global employment market, compensation and benefits management is becoming a more essential part of organizations. Beroe Inc., a procurement intelligence firm, estimates the market of global employee benefits management to grow at a CAGR of 6%. The Fortune 500 companies are also putting heavy emphasis on employee compensation benefits to motivate their employees, leading to several career opportunities for professionals with CCBM certification.

Salary Trends: Professionals who work in compensation and benefits are integral to the management of human resources in any organization. In addition to their demand in the market, these professionals with Compensation and Benefits certification are also among the highest - paid in the global job market. In the United Arab Emirates, a Compensation & Benefits Manager typically earns around 309,954 AED per annum, according to PayScale.com.

Demand and Opportunities: The prevalence of compensation benefits management in organizations, have boosted the demand for professionals with CCBM certification. According to the U.S. Bureau of Labor Statistics, employment of compensation and benefits managers is estimated to grow at 4% from 2020 to 2030. Over the last few years, there have been about 1,500 job openings for compensation and benefits managers annually. These data suggest the rapidly growing demand for CCBM professionals.

COURSE OUTLINE:

Compensation and Benefits Environment

• The environmental factors affecting compensation and benefits
• Government regulation & social security in compensation
• Social changes & demographics in compensation
• Changes in compensation due to collective bargaining
• Changes in the compensation administration due to outsourcing & globalization

Rewards and Basics of Compensation

• Compensation basics
• Components of compensation system
• Equity theory

Building Internal Equity

• Job description
• Establishing internal equity: job evaluation methods
• Using job rankings
• Creating job grading
• Creating point plans
• Hay plan overview

Building External Equity

• Different aspects of establishing external equity
• Salary survey
• Designing salary surveys
• Periodicity of salary surveys

Building Individual Equity

• Performance pay options
• Building performance pay systems
• Steps in introducing pay for performance system
• Pay for performance: the challenges

Benefit Plans and Total Reward Planning

• Benefit plans
• Mandated benefits
• Security/Insurance benefits
• Retirement benefits
• Time off related benefits
• Non - monetary perquisites
• Monetary perquisites
• Cafeteria plan/flexible benefit plans

Total Reward Planning

• Reward strategy objectives
• Components of total reward

KEY TAKEAWAYS:

Successful completion of our CCBM training, the candidate will be able to:

• Understand the impact of government regulation and social security on compensation globally
• Comprehend the six components of a compensation system
• Build effective variable pay systems
• Develop an internal equity system and a point plan
• Learn how to create salary benchmarks at different levels
• Build high - impact compensation systems

ACCREDITATION:

Our Certified Compensation & Benefits Management course is accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: Our academy graduates of HR certification courses in Dubai are successfully placed in some of the top - notch companies in Dubai like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

Being the leading provider of HR certification courses in Dubai, we have substantial experience in teaching relevant skills and knowledge.

Our CCBM course offers the following advantages:

• Our Compensation & Benefits Management course is designed based on real - world scenarios, formulating and evaluating practical requirements
• Our CCBM course in Dubai strives to provide a reality check and insight into the requirements of a challenging role and how to fulfill it
• Our CCBM training provide live interactive sessions and hands - on experience through assignments associated with the actual work environment
• To enhance the learning experience of our students we provide organized group sessions and integrated training modules through our CCBM course
• Our discrete approach to career guidance enables our students to get successfully placed in renowned organizations