Designing and Managing Variable Pay Schemes as part of Compensation and Total Reward Management to Meet Business Needs and Drive Employee Performance
Variable-Pay (Bonuses and Incentives) Masterclass
Many companies in Asia and indeed globally have some form of incentive or bonus scheme, but many are based either on years-of-service or seniority or company performance, with little or no recognition of individual performance. In an increasingly competitive environment, when you want to attract and retain the best individual employees and high-performers, these methods of paying for performance may be unsustainable in the long-term and other approaches to variable pay and bonuses and incentive schemes may be necessary.
The aim of this course is to show you how to develop practical bonus schemes, incentive schemes and variable pay policies that meet the needs of the business, while allowing you to attract, motivate and retain good quality employees. Most employers want to ensure that they can "attract, retain and motivate" the best employees and teams, and this course will cover the key areas in the overall compensation and benefits package that enable employers to adopt best-practices and help them compete more effectively in the war for talent whilst achieving optimal cost-effective performance for the employer.
Numerous forms of variable compensation, and incentives and benefit plans, provide employees with the opportunity to earn higher pay where performance can merit. You will explore the different types of variable pay and incentive plan options available including variable pay as a total remuneration strategy, and both short and long term incentive plans and options. You will also cover key trends in both the Asia and global compensation and benefits marketplace for employees, and learn how to use the overall remuneration package more effectively to manage employee performance and achieve better business results through a more effective approach to the compensation and benefits programme.
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 variable reward compensation systems that attract, retain and motivate staff
Align your bonuses scheme and sales incentives to your business objectives and human resources strategy
Discover practical steps for implementing a company-wide bonus scheme and targeted sales incentive schemes (SIPs) for updating your existing variable pay remuneration structures
Develop solutions for your own variable pay 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 reward and remuneration specialists who work in Compensation and Benefits, at all levels.
Email us now for more information:
2010 - present
2010 - present
This course will provide you with information and guidance on how to develop practical incentive schemes to meet the needs of your business. You will have the opportunity of designing and implementing various incentive schemes, as well as sharing ideas and experience. You will work on typical incentive scheme problems and issues, including actual issues and problems that are identified by the delegates during the course.
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:
Building the internal case for introduction/revision of a variable pay programme
Selecting the most appropriate variable pay or bonus programme
Designing the main dimensions of a bonus scheme or company-wide bonus programme
Designing the main dimensions of a sales incentive plan (SIP) for sales staff