Why should I take Compensation and Benefits Manager certification?

This course covers the principal need of the organization which is establishing and maintaining a pay system which is fair to all. Learn how to attract, retain, and motivate people for your business to succeed & how to build pay strategy, salary structure, short-term & long-term incentives, and benefits that are aligned to your business objectives. This course will also give an overview of key technical skills which will help you in designing incentive plans & non-monetary methods of motivating employees.

Learn & Study

  • Job Design
  • Performance Based Compensation
  • Executive, Sales & Team Based Compensation
  • Employee Motivation
  • Quantitative Tools
  • International Compensation Management

How will I benefit from Compensation and Benefits Manager certification?

Vskills Certification in Compensation and benefits assesses the candidate 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.

Companies that hire Certified Compensation and Benefits Manager

Vskills Certified Compensation & Benefits Manager finds employment in various companies like Adecco, Mercer India, TeamLease Services Limited, Bajaj Capital Limited, Ikya Human Capital Solutions, ABC Consultants, Ma Foi Randstand.

Compensation and Benefits Table of Contents


Compensation and Benefits Course Outline


Compensation and Benefits Tutorial


Compensation and Benefits Sample Questions


Compensation and Benefits Mock Test



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  • 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

  • Explains the components of wages
  • Explains the objectives of compensation
  • Explains principles of compensation formulation taking into account the determinants of wage rates
  • Explains the theories and principle of compensation determination
  • Illustrates different types of wages such as minimum rate of wages, need-based minimum wage, living wage and fair wage
  • Explains the significance of employee compensation
  • Explains the behavioral and ethical issues faced in an organisation
  • Explains the procedure and practices involved in wage determination
  • Illustrates the compensation decisions involved in management such as job analysis, description, identifying job factors, job evaluation and pay determination
  • Illustrates the procedure of compensation benchmarking compensation benchmarking involving planning, analysis, integration and action phase
  • Explains the salient features of employee compensation in India
  • Explains the components of employee reward system and compensation practices in India
Economic Theories
  • Economic theories in compensation management
  • Explains the procedure of Employee compensation valuation
  • Describes ESOPs and procedure of pricing
  • Explains the role of Labour Markets and Trade Unions
Job design
  • Explains the process of designing a job
  • Explains the procedure and steps involved in job analysis and job description
  • Describes the process involved in job evaluation and assessment
  • Describes the tools used in work measurement in an organisation
  • Explains the importance of management and ergonomics
Performance-based compensation
  • Explains the functioning of Performance Management System (PMS)
  • Describes the objectives and indicator of performance measurement
  • Describes the procedure of developing performance standards in an organisation
  • Describes different techniques of performance modeling
  • Explains the dimensions and scales of performance evaluation
  • Explains the concept and working of Competency-based pay
Team-based compensation
  • Explains the operations and techniques involved in employee evaluation system
  • Explains the concept of group incentive plans
  • Describes the gain-sharing plan
  • Explains the procedure of designing team-based compensation
  • Describes the issue in rewarding teams
Executive Compensation
  • Explains the theories and practices involved in executive compensation
  • Describes the components of executive compensation
  • Explains the factors affecting executive compensation and the criteria involved in executive compensation
  • Explains the various techniques of performance measurement
Employee Motivation and benefits
  • Explains the theory of employee motivation and morale boosting
  • Explains the objectives of employee motivation
  • Explains different types of employee benefits
  • Statutory employee benefits in India
  • Describes the various employee benefits alternatives
  • Describes the various non-monetary employee benefits
  • Explains the deferred compensation plan
Sales Compensation
  • Explains the concept of sales functions
  • Describes the sales compensation plan design procedure and issues encountered
  • Explains the procedure of sales compensation design and administration
  • Describes different types of sales incentives and motivation plans
Legal issues
  • Compensation and Income Tax Act, 1961
  • Describes the various tax implications
  • Describes the process of wage fixation and legal interpretation
Quantitative Tools for Compensation Management
  • Explains the variable compensation plans and defines its constitution
  • Described the retirement plans and its structure
  • Explains the concept of payroll management system and their functioning
  • Explains the procedure of determining incentives and employee benefits
  • Describes the methods of group incentive payments
  • Explains the concept of Economic Value Added (EVA)
  • Describes the procedure of quantitative analysis for performance measurement
International Compensation Management
  • Explains the different approaches to international compensation
  • Describes the various components of international compensation
  • Describes the procedure of designing international compensation plans
  • Explains the concept of variation
  • Describes the issues encountered in designing international compensation plans
  • Explains the various repatriation issues
“Exam scheduling to be done through user account” / “Exam once scheduled cannot be cancelled”
Date of Examination
Examination Time
01:00 PM - 02:00 PM
02:30 PM - 03:30 PM
04:00 PM - 05:00 PM
05:30 PM - 06:30 PM
10:00 AM - 11:00 AM
11:30 AM - 12:30 PM

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