3P Compensation Management | Jakarta, Mar 25-26

3P Compensation Management | Jakarta, Mar 25-26

3P Compensation Management

25 March - 26 March 2015  Indonesia, Jakarta

  • PROGRAM OVERVIEW
    • Learn to leverage compensation to support your organization’s business strategy, mission, and objectives!

      3P is a powerful and highly effective tool for managing compensation. At this workshop, you will learn how to develop a compensation policy that delivers the greatest value to the employee at the lowest cost to the company, establish internally equitable and externally competitive grading and salary structures, introduce competency and market-based pay, and implement incentives that motivate staff to achieve outstanding results.

  • TOPICS COVERED
    • Compensation Policy Development

      • The relationship between reward and performance.
      • Sales incentives as drivers of revenue growth.
      • Designing a sales incentive model. 

       

      Pay for Position

      • Develop an equitable grading structure. 
      • Create a reference salary structure. 
      • Leverage compensation costs with market survey information.

       

      Pay for Person

      • Determine competency requirements and employee capabilities. 
      • Pay individuals based on their competency match with the position. 
      • Identify and pay market premium for competencies in short supply in the market.

       

      Pay for Performance

      • Design annual bonus and incentive plans that motivate staff. 
      • Shift from merit salary increases to variable pay. 
      • Create long-term reward plans — stock options, deferred compensation, and phantom share plans.
  • BENEFITS TO PARTICIPANTS
      • Use this powerful and highly effective tool for managing compensation.
      • Develop a compensation policy that delivers the greatest value to the employee at the lowest cost to the company.
      • Establish internally equitable and externally competitive grading and salary structures.
      • Introduce competency and market-based pay.
      • Implement incentives that motivate staff to achieve outstanding results.

       

  • TARGET PARTICIPANTS
    • HR professionals, HR managers, and line managers who are actively involved in the development and implementation of compensation policies and practices

  • FACILITATOR
    • Satya Radjasa

      Satya Radjasa is a principal consultant and the country leader for Talent consulting in Indonesia. He is responsible for driving profitable growth in all aspects of the Indonesian Talent business.

      Satya has diverse working experience, particularly in the fields of brand management, sales, and HR, thanks to his previous work with various global FMCG companies. He was the head of Reward Expertise for one of the largest FMCG companies in the world and also part of the country HR leadership team.

      Prior to joining Mercer, Satya worked for a global consulting firm, where he was part of the leadership committee and held the role of practice leader while also managing entry-level senior consultants. During his time at his previous firm, Satya led various midsize to large consulting projects ranging from HR transformation, reward strategy design and implementation, competency modelling, variable incentives, performance management, and talent management, among many others. He worked closely with senior management and C-suite level executives in his many previous projects.

      The sectors in which Satya has experience include the public sector, oil and gas, telecommunications, FMCG, manufacturing, petrochemical, family owned businesses, and various state-owned enterprises.

      Satya has an MBA from IPMI Business School in Jakarta, Indonesia. He is a regular speaker at various HR summits in Indonesia and also an avid writer on organization and reward matters for his previous firm’s web publication.