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Certified Compensation and Benefits Manager

Indian : Rs.5899
International : $95
INTRODUCTION

Vskills Certification in Compensation and benefits assesses the candidate on the principal need of the organization which is establishing and maintaining a pay system which is fair to all. The certification tests the candidates in various areas which include methods to ensure fair and equitable pay, conducting surveys to compare their compensation systems with other companies and ensuring that the firm’s pay scale complies with changing laws and regulations. An important part of the Compensation and benefits manager’s role is performance evaluation. This area also forms the part of the assessment.

WHY SHOULD ONE TAKE THIS CERTIFICATION?

If you are working in the HR area and are looking for a new job or promotion or simply more responsibility, then you can take this certification and prove the employer about your knowledge about the area. It works as an added qualification on your CV and significantly improves your chances of getting the desired role.

WHO WILL BENEFIT FROM TAKING THIS CERTIFICATION?

Job seekers looking to find employment in the HR departments of various companies, candidates generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.

COMPANIES THAT HIRE VSKILLS COMPENSATION AND BENEFITS MANAGER

Vskills Certified Compensation and Benefits Manager might find employment in all kind of companies, big or small, since Compensation and benefits is a crucial part of any
organization. Many companies contact us on a regular basis, and we forward them a list of our certified candidates, and the candidates are highly in demand.

CONTENT

Introduction

  • Objectives of compensation management
  • Principles of compensation formulation
  • Types of wages and wage policies
  • Procedure and practices for wage determination
  • Compensation decisions
  • Compensation benchmarking
  • Compensation trends and practices in India

Economic Theories

  • Economic theories in compensation management
  • Employee compensation valuation
  • ESOPs and its pricing
  • Equity in employee benefits
  • Labour Markets and Trade Unions

 Job design

  • Job Design
  • Job Analysis
  • Job Description
  • Job Evaluation and Assessment
  • Work Measurement
  • Management and Ergonomics

Performance-based compensation

  • Performance Management System (PMS)
  • Objectives and indicator of performance
  • Developing performance standards
  • Performance modeling techniques
  • Performance dimensions and performance observation scales
  • Competency-based pay

Team-based compensation

  • Employee evaluation system
  • Group incentive plans
  • Gain-sharing plan
  • Designing team-based compensation
  • Issue in rewarding teams

Executive Compensation

  • Theories and practices of executive compensation
  • Components and design of executive compensation
  • Factors affecting executive compensation
  • Executive compensation criteria
  • Techniques of performance measurement
  • Organizational strategies

Employee Motivation and benefits

  • Motivation and morale
  • Theories of employee motivation
  • Objectives of employee motivation
  • Types of employee benefits
  • Tax obligations
  • Statutory employee benefits in India
  • Employee benefits alternatives
  • Non-monetary benefits
  • Deferred compensation plan

Sales Compensation

  • Sales functions
  • Sales compensation plans and issues
  • Sales compensation design and administration
  • Sales incentives and motivation

Legal issues

  • Compensation and Income Tax Act, 1961
  • Tax implications
  • Wage fixation and legal interpretation

Quantitative Tools for Compensation Management

  • Variable Compensation plans
  • Retirement plans
  • Payroll management
  • Incentive determination and employee benefits
  • Group incentive payments
  • Overtime wages
  • Economic Value Added (EVA)
  • Quantitative analysis

International Compensation Management

  • Approaches to international compensation
  • Components of international compensation
  • Designing international compensation plans
  • Concept of variation
  • Cultural issues
  • Repatriation issues
Frequently Asked Questions


What is Vskills?

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. Vskills is a testing and certification programme focused on prior learning. Through Vskills Assessments, individuals with learning acquired outside of a formal classroom setting have the opportunity to get certified by appearing in standardized exams conducted throughout the nation at proctored centres.

What is Vskills Certification?

Vskills Certification is a professional skill test that is conducted to assure that a person is qualified to perform a job. It is a proof that the candidate has the requisite skills to do a job.

What are the benefits that I will get by taking Vskills Certification Exam?

Some of the benefits that you get on taking Vskills Certification exam are listed below,-

- Develop skills that are valued by experts in the industry
- Vskills Certifications opens avenue for candidates in various sectors
- Vskills Certification provides an opportunity to get certified in areas where you are not formally educated
- Vskills Certification enhances the chances of employment
- CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers.
- CVs of certified candidates are also tagged on Shine.com website as “Vskills Certified candidates” to employers.
- CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life
- Vskills provides supplementary preparation material (hard copy or online videos) to candidate for easing the process of preparation.
- Vskills assessment exams are structured and regularly updated according to the industry standards
- Vskills Certifications do not require any time commitment since it is only a test and not classroom teaching.
- Vskills Certifications open avenues for candidates in various sectors
- Vskills Certifications provide an opportunity to get certified in areas where you are not formally educated
- Vskills Certifications greatly enhance the chances of employment

What is the duration of the course?

There is NO course duration for all certification exam. Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility. Student can give the exam any time between 1 year from the date of enrollment.

What is the eligibility for registration?

There is no minimum qualification for taking up Vskills Certification Exam, so it is for everyone – from day to day users to senior management, say - Employees - Employers - Students - Teachers - Businessmen and Entrepreneurs - Housewives/Retired Professionals, etc

What is the duration of the exam?

Vskills Certification Exam is for one hour (1 hour) duration.

What type of questions are asked in the exam?

Vskills Certification Exam has 50 multiple choice questions (1 marks each), with no negative marking.

What is the passing percentage?

Passing percentage is 50% i.e., 25 marks need to be scored in order to clear the exam.

When is the the exam conducted?

Vskills Certification Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility.

How many attempts can I give for a certification exam?

One exam attempt per registration with no limit on re-appearance.

Can I reschedule the exam?

Yes, candidate can re-shedule the exam till the date of exam after paying the re-schedule fees.

If I fail, what is the procedure to be followed for reappearing in the exam?

In case a candidate is unable to clear the exam then, candidate can register for exam retake by paying for registration fees of Rs. 1250/- but no reading material is sent.

Does the exam is available only in India?

Candidates residing outside India can register for specific certifications as listed under the international students by appearing in online open book exam.

Can I take two or more certification exams at one time?

Yes, candidate can take two or more exams at one time.

How tough will be the paper?

The certification exam is meant to assess the ability of the student in the particular domain and checks entry level to medium level skills in that particular domain. If you know the domain area, and have studied the accompanying material well, you will have no difficulty in passing the exam.

Do you provide any sample questions?

Practice tests are provided under every certification.

What is the duration of the certification?

There is no minimum duration of certification. You may register when you want; we suggest that minimum 30 days should be kept to go over the material provided at the time of registration.

Is the exam available for international candidates?

Yes, candidates residing outside India can follow the process for international students.

What kind of placement support is provided?

Vskills provides placement support to certified candidates as - CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers. - CVs of certified candidates are also tagged on Shine.com website as “Vskills Certified candidates” to employers. - CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life

In case I am unable to take the exam will my fees be refunded?

As a policy under no circumstances will the fees be refunded to the candidate after registration, unless there is a situation that is unavoidable.

When is the result declared?

Result indicating pass or fail is told to candidate after finishing of the exam. Hard copy certificate and performance report is sent to candidates who had cleared the exam. Soft copy certificate is also e-mailed.

Is the material provided by you sufficient from exam point of view or should I refer other sources?

The study material provided by Vskills is a guideline for your exam, but you can refer to other sources for further clarity on any topic.

Are there any classes provided by you to prepare for the exam?

Vskills does not offer classes for any certification exam. The candidates have to prepare on its own for the exam. NO CLASSES are provided by Vskills.

Do you charge extra for placement assistance?

There are no charges apart from the registration fees or exam re-take in case candidate is unable to clear the certification exam.

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V skills

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. It is one of the largest manpower companies of the government of NCT Delhi. VSkills certifications help candidates quantify and prove their skills in a particular domain - skills that are valued by the employer and are in great demand. Your Vskills Certificate is a proof that you have the requisite knowledge and makes you job ready - which is why employers rate VSkills certifications and look for people who have them.

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