Compensation and Salary Structures Masterclass
Pay Strategy, Pay Benchmarking, Compensation Design and Managing Salary Structures as part of Total Reward Management to Meet Business Needs and Drive Employee Performance.
Course Fee SGD2,195
Accredited by HRD Future and the Course Trainer
Offered virtually in five half-day sessions
19, 20, 21, 22, 23 Sep 2022
Expert Leader in compensation and benefits, performance management
Robert Mosley was awarded the “Global HR Leadership Award” in 2017 by the World HR Congress to recognize his iconic contribution to the global C&B community over the past decade. He is truely one of the leading HR trainers in the world today, and is in the “Global Guru #500 List”.
Robert is widely recognised in many industries and many countries as one of the leading global experts on compensation and benefits, and is also a leading expert in the more general field of human resources and performance management. His main areas of expertise and specialism are in the fields of job analysis, job descriptions, job evaluation, grading schemes, pay structures, allowances, bonuses and incentives, industrial relations and collective agreements, e-HR systems, performance management, performance appraisals, and all issues on compensation and benefits globally, especially in the GCC and Asia having worked in these regions for over 25 years.
Robert was born and educated in London (in UK) and he graduated with a MA masters degree in Mathematics from Oxford University (in UK) in 1983, and then obtained his MBA masters degree in business studies from London Business School (in the UK) and Chicago Business School (in the USA) in 1985. He then became a member of the Chartered Institute of Personnel and Development (in UK) with an FCIPD qualification, after deciding to focus on HR.
Who Should Attend
This course is designed for everyone who requires an appreciation or an in-depth knowledge of pay strategy, pay benchmarking, designing payscales and compensation structures, and managing salaries of employees as part of a Total Reward framework. This includes anyone who needs to be involved in compensation and salary structures, including all employees in HR at all levels of Vps/ Directors/ Managers/ Specialists/ Analysts/ Generalists, and this course is designed for the all of the following participants:
All managers and professionals and specialist who work in any area of HR.
All specialists in HR who work in Compensation and Remuneration and Rewards.
All specialists in HR who work in Performance Management and Performance Appraisals.
All managers from any functional area that need to know about payscales and salaries.
A fundamental component of reward management and HR is a grade and basic salary structure, and these are often taken for granted. Rather than make changes, HR and reward professionals try to fit the everchanging needs of their employees into a system that may not have been reviewed for many years. This course will touch on all areas of “fixed” compensation management, including grade structures, salary structures and payscales, allowances, and non-financial reward plans such as recognition and retention schemes.
This live online course will provide you with the information and guidance to ensure your salary and grading structure meets your business needs, while allowing the company to attract and retain employees in an increasingly competitive pay market. This course is aimed at both HR Generalists and Reward Specialists to help you review and revise your grading structure and salary structure to fit the ever-changing needs of your employees into a system that may not have been reviewed for many years.
Most employers want to ensure that they can “attract, retain and motivate” the best employees and teams, and this five half-days online course will cover the key areas in the overall compensation and benefits package that enable employers to adopt best-practices and compete more effectively in the war for talent whilst achieving cost-effectiveness for the employer.
Key Benefits Of Attending
Increase your business performance and employee effectiveness through implementing compensation and reward systems that attract, retain and motivate staff.
Align your basic salary structures and grades and compensation and reward systems to your business objectives and human resources strategy.
Discover practical steps for implementing a grading system with a pay strategy and a basic salary structure and pay scheme, or how to update your existing compensation structures.
Develop solutions for your own compensation and reward issues and challenges based upon practical case studies and interactive course and clinic discussions.
Opportunities for networking in the breaks with your fellow course delegates and course tutor to discuss practical issues that will help you in your workplace.
You will be provided with the information you need to make changes to your grading and salary structure. You will have an opportunity to test various ideas and to establish what may work for you. You will also be given access to various tools and techniques, as well as information on the latest trends and developments both in Asia and globally. This course will involve working both individually in teams on practical case studies to gain detailed hands-on experience using the various tools and techniques that will be discussed throughout the course.
Course Case Studies
This course is designed for companies from all countries in Asia will and include the following case studies designed around best-practice companies based in Asia:
- Determining a reward policy as part of the HR strategy and business mission and vision
- Establishing a reward strategy linked to business strategy
- Designing and selecting the most appropriate grading/salary structure
- The debate of single bands versus broad-banding
- The business benefits of single bands versus broad banding in managing jobs and grades
- Establishing pay ranges that are externally competitive with market pay surveys
- Designing the basic salary structure midpoints and payscales and pay ranges
- Designing the basic salary structure and payscales and progression management
- Managing base salary progression and management of compa-ratios
- Using recognition programmes to motivate both Baby-Boomers and Millennials
- Using retention schemes and recognition plans as a strategic component of reward