Performance Management and Compensation Management in HRM

Course Feature

Cost

Paid
Provider

Udemy
Certificate

Paid Certification
Language

English
Start Date

2021-04-29
Learners

No Information
Duration

No Information
Instructor

Edcorner Learning

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4.3

7,396 Ratings

This course provides an in-depth understanding of Performance Management and Compensation Management in HRM. It covers topics such as performance planning, performance appraisal, job and related concepts, potential appraisal, mentoring and coaching, performance monitoring, career development and mobility, compensation management, wages and salaries administration, performance reward, incentives and fringe benefits, stock based compensation, executive compensation, and more. Participants will gain the knowledge and skills to effectively manage performance and compensation in their organization. This course is ideal for HR professionals looking to gain a comprehensive understanding of Performance Management and Compensation Management.

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Course Overview

❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [July 18th, 2023]

What skills and knowledge will you acquire during this course?
Upon completion of this course, learners will acquire skills and knowledge in understanding performance, performance management systems, performance counselling, performance planning, performance appraisal methods, job evaluation, performance monitoring and measurement, career development, ethics in performance management, compensation management, designing compensation packages, managing performance, wages and salaries administration, performance rewards and incentives, fringe benefits, stock-based compensation, executive compensation, challenges in compensation management, legal framework for compensation, and international payment systems.

How does this course contribute to professional growth?
This course contributes to professional growth by providing learners with an understanding of performance management and compensation management in HRM. It equips them with the knowledge and skills to design and implement effective performance management systems, measure performance, and develop total compensation packages.

Is this course suitable for preparing further education?
This course is suitable for preparing further education.

Course Syllabus

Introduction & Understanding Performance

Fundamentals of Performance Management

Performance Management System

Performance Counselling

Performance Management Process

Performance Planning

Understanding Performance Appraisal

Performance Influencers

Methods of Performance Appraisal

Job and related concepts

360 Degree Feedback

Potential Appraisal

Mentoring and Coaching

Performance Monitoring

Performance Measurement

Career Development and Mobility

Performance Management Implementation

Ethics in Performance Management

Performance Management in International Context

Role of HR professional in performance management

Understanding Compensation Management

Foundation of Compensation Management

Factors influencing Compensation Management

Compensation and Job Evaluation

Architecture of Compensation Management

Designing Compensation

Behavioural Dimension of compensation management

Managing Performance

Wages & salaries administration

Performance reward

Incentives and Fringe Benefits

Stock Based Compensation

Compensation and Business Environment

Executive Compensation

Challenges to compensation management

Compensation for Flexible Workforce

Legal framework for Compensation

International Payment System

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Pros & Cons

The course is clear and extremely relevant to the current environment. Users found the content to be up-to-date and applicable to real-world situations.
The course is informative and provides a wonderful learning experience. Users appreciated the knowledge gained from the course and found it to be impressive.

The course lacks practical application. Some users mentioned that the course is too theoretical and lacks practical examples or exercises.
The pace of the course could have been faster. Some users felt that the course could have been delivered at a quicker pace to maintain engagement and interest.

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