Advanced Techniques in Compensation and Reward Management and Advanced Best Practices to Encourage Performance, Motivate and Retain Key Talent
Pay-for-Performance and Merit-Pay Masterclass
With many markets in the region gearing up for continued post-recession business growth, many employers are facing a challenge of aligning compensation and benefits practices with business strategies, and the challenge of implementing advanced compensation techniques that improve the relationship between compensation and employee performance and business results. Potentially uncontrolled business growth poses a new set of risks and challenges that rewards professionals have to plan and prepare for to avoid the pitfalls of pre-recession practices.
This course will provide you with the guidance to manage your annual pay review process and implement merit-pay as part of your overall approach for managing pay-for-performance, which will assist the company to attract and retain employees in an increasingly competitive pay market. This course will explain how to manage performance ratings and how to analyse the distribution curve of performance ratings, and if necessary, how to use the new approach of “snap-ratio” to manage a forced distribution curve of performance ratings. This course will explain in practical detail how to link pay with performance, especially through the annual pay review process and using merit-pay awards.
Most employers want to ensure that they can “attract, retain and motivate” the best employees and teams, and this one-day course will cover the key areas in the overall compensation and benefits package that are linked to the performance of the employee, to enable employers to compete more effectively in the war for talent whilst achieving cost-effectiveness for the employer.
About Your Instructor
Global Remuneration Expert
Over 30 years of experience in HR and C&B
Global Guru #500 List
Global HR Leadership Award
Key Benefits of Attending
Increase your business performance and employee effectiveness through implementing advanced compensation and reward systems that attract, retain and motivate staff
Discover practical steps for implementing a range of advanced compensation techniques including advanced methods of market pay benchmarking, and advanced tools for managing pay-for-performance.
Develop solutions for your own compensation and reward issues and challenges based upon practical case studies and interactive course and clinic discussions
Network with your fellow course delegates and course tutor to discuss practical issues related to compensation and reward management that will help you in your workplace
Who Should Attend?
This course is designed for everyone who requires an in-depth knowledge of working with and managing salary structures and compensation and reward issues, including all professionals and HR Generalists who work in HR at all career levels, and all C&B Specialists who work in Compensation and Benefits, at both an “intermediate” and “advanced” level.
This course is designed as an “intermediate and advanced” course in compensation, and delegates should have either already attended the elementary foundation course on “Managing Compensation and Salary Structures” training course conducted by Robert Mosley, or they should already have practical knowledge and working experience of working with the main “fundamentals” of managing compensation including knowledge about Pay Strategy, Grade Structures, Market Pay Levels and Benchmarking, Designing Payscales and Salary Structures, Calculating Compa-Ratios, and simple Payscale Formulae (such as the single-step approach of 80%-120% for min-max pay ranges).
Email us now for more information:
2010 - present
2010 - present
This course will provide you with the latest best-practice advanced compensation techniques and you will have an opportunity to discuss and test various ideas and to establish what may work for your company. You will be given access to various tools and techniques, as well as information on the latest advanced trends and developments.
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:
The “Golden Triangle” of Managing Reward and the impact of on motivation and retention
Key features of performance management and appraisal systems if C&B is to be successful
Learn how to balance short-term financial constraints with long-term retention imperatives
Learn how to adopt traditional pay review plans to be more selective on pay-for-performance
Explore the compensation tools that can be used to retain and motivate top-performers
Learn how to manage the costs of the annual pay review process whilst rewarding top-performers