Advanced HR Finance and Compensation Management in the UAE (10 Days)

Introduction:

The Advanced HR Finance and Rewards Management course in the UAE offers a comprehensive exploration of payroll and benefits management tailored to the unique legal, regulatory, and cultural context of the UAE. This advanced training is designed to equip participants with both the theoretical knowledge and practical skills needed for effective payroll and benefits administration, integrating financial principles with HR practices.

Participants will gain a thorough understanding of the financial aspects of HR, including the responsibilities of HR finance managers, the concept of HR finance, and the development of total rewards policies. The course bridges the gap between general HR practices and rewards management by addressing the financial dimensions of HR processes, particularly in the UAE context.

Objectives:

Upon completion of the Advanced HR Finance and Rewards Management course in the UAE, participants will be able to:

• Comprehend key components of payroll processing, including calculations and compliance specific to the UAE.
• Understand advanced aspects of labor laws, tax laws, and other legal considerations related to payroll management in the UAE.

Training Methodology:

• Case Studies
• Simulations
• Role Plays
• Facilitator-Led Workshops
• Group Discussions
• Active Learning Strategies
• Panel Testing

Course Outline:

Unit 1: UAE Payroll Management for Beginners

• Deliberation of UAE labor statutes and regulations on payroll
• Processes and procedures in handling payroll in the UAE
• Legislation concerning payroll taxes and social security contributions
• Application of advanced payroll technologies

Unit 2: Concepts of Total Compensation

• Market benchmarking and salary surveys in the UAE
• Designing sophisticated remuneration structures for workforce attraction and retention
• Pay for performance and incentive schemes
• Equity compensation

Unit 3: Policy B165 Benefits Management Policies

• Employee benefits in the UAE, including healthcare and retirement plans
• Strategies and best practices in benefits administration
• Margin control: Benefits expenditure and planning
• Legal compliance regarding employee benefits

Unit 4: Statutory Compliance on Employment Policies

• UAE labor relations regulations related to compensation, pensions, and payroll
• Tax and healthcare compliance and reporting
• Handling grievances related to compensation and benefits
• Legal compliance monitoring and evaluation

Unit 5: Strategic Integration and Alignment

• Evaluating contractor contract payments' impact on financial statements
• Aligning payroll, compensation, and benefits functions with organizational goals
• Operational integration of payroll, compensation, and benefits
• Adapting compensation and benefits in response to changing organizational needs
• Cost control and competitiveness in the labor market

Unit 6: Ethical and Diversity Considerations

• Ethical considerations in compensation and benefits structuring
• Diversity and inclusion in compensation and benefits
• Fairness in addressing gender-based compensation issues
• Ethical issues in top management compensation

Unit 7: Advanced Analytics and Decision Making

• Assessing the effectiveness of compensation and benefits programs using data analytics
• Data-driven management of payroll, salary, and benefits
• Utilizing analytics tools to enhance payroll and benefits administration

Unit 8: Case Studies and Practical Applications

• Analysis of real-world case studies on payroll, compensation, and benefits management in the UAE
• Hands-on exercises and simulations to develop practical skills
• Application of theoretical concepts to complex payroll, compensation, and benefits issues

Unit 9: Emerging Trends and Innovations

• Trends and innovations in payroll, compensation, and benefits management
• Technological advancements impacting payroll and benefits administration
• Future opportunities and stages in the field of HR finance and rewards management

Unit 10: Capstone Project

• Synthesis of course knowledge through a final project
• Development of a policy on payroll allowances, compensation, and benefits for a fictional UAE-based company
• Presentation and communication of project analysis and solutions to peers and instructors