Compensation, Benefits & Reward Strategy is a structured track of 15 lessons that build a complete, interview-ready understanding of the topic. Work through them in order, then use the quiz and flashcards in each lesson to revise.
What this course covers
- What Total Rewards Covers and How It Is Structured - Fixed pay, variable pay, benefits and equity as one designed package.
- Compensation Philosophy: Lead, Lag or Match the Market - Choosing a market position deliberately, and communicating it credibly.
- Job Evaluation Methods and Internal Equity - Ranking, classification and point-factor methods, and what each costs to run.
- Salary Benchmarking, Ranges & Midpoints - Reading a survey, building a range, and managing people outside the band.
- Reading an Indian Salary Structure: Cost to Company Explained - Every component of an Indian salary structure, and what the employee actually receives.
- Provident Fund, Gratuity & Statutory Components in Pay - How each statutory component is computed, and who bears the cost.
- Income Tax, Exemptions & Structuring Pay Efficiently in India - The exemptions that still matter, and structuring pay without crossing lines.
- Variable Pay, Bonus Design & Sales Incentive Plans - Designing a payout curve, setting targets, and avoiding perverse incentives.
- Employee Stock Options: Grants, Vesting, Cliffs & Indian Taxation - How options work, when tax is triggered in India, and how to explain them plainly.
- Benefits, Insurance & Flexible Benefit Plans - The benefits employees actually value, and how flexible plans are administered.
- Annual Increment Cycles, Budgets & Merit Matrices - Distributing an increment budget across performance and position in range.
- Pay Equity Analysis and Remediating a Gap - Running raw and adjusted gap analysis, then acting on what it shows.
- Communicating Pay Decisions Without Losing Trust - Explaining an increment, a flat year or a below-range position honestly.
- AI in Rewards: Benchmarking, Pay Modelling & Equity Detection - Using models on pay data, and why a human must own every pay decision.
- Case Study: Building a Compensation Structure for a New Function - Levels, ranges and a full cost build for a function being created from scratch.