Introduction
This advanced course focuses on designing and managing compensation and benefits programs specifically tailored to the BFSI sector. Participants will gain expertise in aligning reward strategies with industry benchmarks and regulations.
Duration
5 Days
Who Should Attend?
Compensation and benefits professionals, HR managers, and finance professionals working in BFSI, as well as individuals seeking specialized knowledge in this field.
Course Level:
Course Objectives
· Understand the importance of strategic compensation and benefits in BFSI.
· Develop skills in designing competitive salary structures for financial roles.
· Navigate regulatory frameworks governing compensation in the financial sector.
· Implement effective benefits programs to attract and retain top talent.
· Analyze and benchmark compensation data within the BFSI industry.
Course Outline
Module 1; Introduction to Compensation and Benefits in BFSI:
· Overview of compensation and benefits in financial organizations
· Linking compensation strategies to organizational goals
· Role of compensation in talent retention
Module 2; Designing Competitive Salary Structures:
· Job evaluation and market pricing in BFSI
· Creating salary bands for financial positions
· Addressing compensation compression and inversion
Module 3; Regulatory Frameworks for Compensation in BFSI:
· Compliance requirements for salary structures
· Executive compensation regulations
· Incentive compensation and risk management
Module 4; Benefits Programs in BFSI:
· Designing comprehensive benefits packages
· Retirement and insurance benefits in financial organizations
· Wellness programs for financial professionals
Module 5; Compensation Data Analysis and Benchmarking:
· Analyzing compensation surveys in BFSI
· Benchmarking against industry standards
· Using data to inform compensation decisions in the financial sector
Module 6; Future Trends in Compensation and Benefits for BFSI:
· Emerging trends in BFSI compensation
· Adapting compensation strategies to industry changes
· Case studies and best practices in the financial sector
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
Click here to register for this course.
Register NowCustomized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
Do you need more information on our courses? Talk to us.
