Diploma in Compensation & Benefits Management

Diploma in Compensation & Benefits
Management (DipCBM)

Programme Overviews / Admission & Fees / Course Applications /
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SHRI Academy’s DipCBM programme provides a solid grounding for individuals to learn in-depth the methodology for designing a motivational rewards system and integrating them with the organisation’s strategic business direction. It offers a new and wider perspective into the concept of compensation and benefits, both locally and internationally. In addition, it equips individuals with knowledge and skills to manage compensation and benefits for the organisation effectively to create positive business results and flexibility in adjusting the business costs in response to the rapid changing economy.

Course Content

Module 1 – Strategic Compensation and Benefits

Strategic Framework of Compensation Systems

Employee Motivation

Module 2 – Administrative Expert

Compensation and Benefits Administration

Managing Audit and Pay Process

Outsourcing

Module 3 – Benefits and Incentives Management

Benefits (Designing Benefits Plans, Healthcare Plans, Insurance Plans, Retirement Plans, Flexi–Benefits, Time Off, Work-Life Benefits, Trends and Issues)

Incentives (Understanding Incentives, Roles of Incentives, Designing Incentive Plans, Long-Term Incentives, Stock Options, Performance Contingent, Shares plans, Performance shares, Short-Term Incentives, Incentive Pay Programmes, Variable Pay Plans, Measurements, Payout Mechanisms, Funding and Return on Investment)

Module 4 – Compensation (Salary) Management

Salary Structure and System; Legal Aspects; Base Pay Determination Methods; Sales, Executive, Variable, Performance & Team Compensation; and Balanced Scorecard

Module 5 – International and Global Compensation &
Benefits Management

Understanding International / Global Compensation and Benefits

Approaches to International Compensation and Benefits

Issues and Challenges of Equity Between Home and Host Location

Comparison of Packages — Similarities and Differences

Legal Issues

Designing Successful International Compensation Packages

Expatriate Compensation Methodologies

Taxation Issues

Equalisation Issues on Housing, Goods and Services Packages

International Transfer Issues

Compensation for Third World Country Nationals

Cases in China, Vietnam, Thailand and Indonesia

Module 6 – Job Analysis & Performance Management Roles

Job Analysis (Understanding Jobs, Job Analysis, Job Evaluation and its applications) Comparison of Packages — Similarities and Differences

Performance Management (Integrating Performance Management, Understanding Performance and Performance Management Cycle, Performance Metrics and Measurements)

Module 7 – Essential Statistical Tools for Compensation Management

Quantitative concepts

Statistics — Organising and Analysing Data

Time Value for Money

Statistical Modelling

Mathematical and Statistical Applications

Statistical Software

Application of Tools

The modules listed above may be conducted in a different sequence / syllabus will be provided upon request.

Course Duration

12 months; 183 training hours

Lessons are conducted twice a week

Assessment Methods

Candidates are assessed by assignments, tests and a written examination. Students who attend and pass all seven modules in the programme and successfully complete a Final C&B project will be awarded the Diploma in Compensation and Benefits Management by SHRI Academy. Admission Requirements

Candidates with ‘A’ Level or Diplomas from local Polytechnics.

Other qualifications can be considered on a case-by-case basis and may be required to take certain bridging modules to be decided by SHRI Academy Board.

Programme Fees

Self-Sponsored	Fees (S$)	1st Installment (S$)	2nd Installment (S$)
Application Fee	70.00	70.00
Course Fee	2,640.00	1,320.00	1,320.00
Fee Protection Scheme	26.40	26.40
Membership Entrance Fee	120.00	120.00
1-Year Membership Subscription Fee	50.00	50.00
Materials Fee	100.00	100.00
Total Fees	3,006.40	1,686.40	1,320.00
7% GST	210.45	118.50	92.40
Fees payable for self-sponsored applicant	3,216.85	1,804.45	1,412.40
Company - Sponsored (SDF)+
SDF Grant (revised wef 1 Oct 2012)	300.00	150.00	150.00
Fees payable for company-sponsored applicant	2,916.85	1,654.45	1,262.40

Application fee is non-refundable and non-transferable.

All students are required to pay the Fee Protection Scheme and subject to 7% GST.
Click here to view the certificate
All fees to be payable in full prior to the orientation/course commencement date.

Financial Support

Skills Development Fund (SDF) Training Assistance.
+ SDF training assistance is available; Company-sponsored candidates must log on to www.skillsconnect.gov.sg to apply for SDF training assistance.

Application ProceduresAll applications must be submitted with the following:

Completed application form*

One recent passport-size photograph

Certified true copies of academic certificates & transcripts

Front & Back photocopies of NRIC/ Passport
* Application forms are obtainable from SHRI Academy. Request a copy here.
** Requisite payment includes all fees quoted under Programme Fees.

Payment Mode:

Cash, NETS, Cheque (payable to “SHRI Academy Pte Ltd”) IBG & Credit Card (additional charges apply) .

Next Intakes

Please indicate your choice of intake for registration purposes.

Intake	Commencement Date	Application Closing Date
28th Intake	03 Mar 2015	14 Feb 2015
29th Intake	07 Jul 2015	20 Jun 2015
30th Intake	27 Oct 2015	10 Oct 2015

Bring-a-Friend and enjoy rewards when your friend embarks on a learning journey with SHRI Academy!

Course Withdrawal/Transfer and Refund Policy

Students who wish to withdraw or transfer to another programme must notify SHRI in writing before the commencement of the course. Application fee paid is non-refundable and non-transferable. The following refund policy applies:

% of Refund (the amount of fees paid under Schedules B & C of Student Contract)	If Student's written notice of withdrawal is received:
(75%)	more than (14 days) before the Course Commencement Date
(0%)	before, but not more than (14 days) before the Course Commencement Date

Foreign students who withdraw from a programme must surrender their student's pass to the Immigration & Checkpoints Authority (ICA) immediately.

Please click here to request a copy of the SHRI Academy- Student Handbook for more details.

Application Form

For request a new application form or further information, please contact Mr. Max Ng via phone (65) 6438 0012, fax (65) 6299 4864, or email maxng@shri.org.sg. Alternatively, fill out the below web form and submit to us. We will respond back to you the soonest we can. Thank you.