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Certification in Balance Compensation and Benefit Management

weekend

Eligibility: MBA HR

Duration: 48 Hrs

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Course Summary

Salary/wages/remuneration/fees whatever it is called, this is the main motivation behind all human being. So, it is the primary roll for the HR professional to provide them a proper salary structure by which they can spend, save and invest a health amount. Most the companies having a haphazard salary structure like they are loading most part of the salary in Basic, HRA and special allowances but this will attack a high level of individual taxation so the net salary is always less. Most of the people in India can not afford a CA to file their return so most of the time execs tax deducted by the company is remain unclaimed by the individual tax payer. It is the duty of HR department to provide these individual a weighted average salary structure which can maximize their net salary. One more thing need to be noticed here that government having two tax regimes here the in old one taxable income is getting some exemption by doing some specific investment and in the new one there are no exemption but having some other benefit but most employees are clue less about all these. We are focusing on all the above issues in our courses to prepare a proper certified payroll and benefit professional who can deal with all this issues.

Course Content:

·         What is payroll

·         What is payroll register.

·         Salary structure and how get maximum benefit from it.

·         Incentive Schemes / Payment by Results.

·         Benefits, Services and Current Trends

·         Statutory deduction like PF/PT/ESI/Labor welfare fund.

·         Understand how salary structures are aligned with Jobs to create Pay Parity.

·         Detail knowledge about tax regime and how to benefit from it.

·         A detail analysis about tax savings investment/perquisite/payroll reimbursement process.

·         Demonstrate an understanding of the Income Tax Rules, the tax slabs, and the exemptions governing salaried individuals
·         Design and create a CTC based salary structure showing a detailed break-up of the statutory compliances, Income tax, and exemptions.
·         Design and create a CTC based salary structure showing a detailed break-up of the statutory compliances, Income tax, and exemptions.
·         Formulate strategies for reducing compensation turnover.
·         A detail analysis about salary structure after increment.

Intec and advantage from the course :