Welcome to course: Diploma: Human Resources, Compensation & Benefits Management

Course provided by MTF Institute of Management, Technology and Finance

MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.

MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.

MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.

MTF is present in 208 countries and has been chosen by more than 520 000 students.

Course Author:

Yuliya Vershilo,

- 10 years as Head at Compensation & Benefits & general HR, GRP certified

- Developed and implemented large scale motivations platforms for different domains: IT, Corporate Banking, Retail Banking, Sales and Remote Channels / Contact Centers, Back Office at different banks, Including non-material motivation and EJM refactoring

- Developed and Implemented HR analytics frameworks

- Expert in HR market analysis and HR strategy developing and implementing

- Expert in HR automatization and digitalization

- Expert in budgeting and HR planning

- Expert in HR regulation

Human Resource Management | Saint Petersburg State University of Finance and Economics, 2005

Ph.D. in Economics| Saint Petersburg State University of Finance and Economics, 2009

International GRP Certification: Global Remuneration Professional |CBSD Thunderbird - World at Work, 2019

Grading Program | CBSD Thunderbird - World at Work, 2021

More than 19 years extensive experience in the field of HR management including:

• Talent acquisition and selection.

• Creating compelling Employee Value Propositions (EVPs),

• Training and development,

• Compensation and benefits

• People analytics

Compensation & Benefits (C&B) Management refers to the design, implementation, administration, and review of an organization's employee compensation and benefits programs. This includes everything from determining salary structures and bonuses to managing health insurance plans, retirement contributions, and other perks.

The Importance of C&B Management Skills for Your Career

• Attracting and Retaining Talent: A well-structured C&B program can make your company more attractive to potential employees and encourage current employees to stay. This is critical for the success of any organization.

• Employee Motivation and Productivity: A fair and competitive compensation package, along with attractive benefits, can increase employee morale, job satisfaction, and ultimately productivity.

• Legal Compliance: C&B professionals ensure that the organization's compensation practices comply with all relevant laws and regulations, avoiding costly legal disputes.

• Cost Control: Effective C&B management involves balancing the need to attract and retain employees with the organization's financial constraints.

• Career Advancement: Expertise in C&B can lead to leadership positions within human resources departments or consulting roles.

C&B Management Skills and Building Your Own Business

• Attracting and Retaining Top Talent: When starting your own business, attracting and retaining high-quality employees is essential. Strong C&B skills can help you develop competitive packages that entice top performers.

• Cost Management: A good understanding of C&B will help you effectively manage payroll and benefits costs, which are often significant expenses for small businesses.

• Employee Morale and Productivity: By implementing fair and rewarding compensation and benefits programs, you can foster a positive work environment, boosting employee morale and productivity.

• Competitive Advantage: Offering a unique and attractive C&B package can differentiate your business from competitors, helping you attract the best employees and gain a competitive edge.

In summary, Compensation & Benefits Management is a multifaceted discipline that plays a crucial role in any organization's success. Whether you're pursuing a career in HR or planning to launch your own business, developing skills in this area can significantly enhance your prospects and contribute to your long-term success.