3P Compensation Management | Jakarta, Sep 10-11

3P Compensation Management | Jakarta, Sep 10-11

3P Compensation Management

10 September - 11 September 2014  Indonesia, Jakarta

  • 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

      • Create a philosophy for pay.
      • Analyze current practices versus desired objectives.
      • Relate internal policies to external market.
      • Establish guidelines for equality, competitiveness, and motivation.

      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 incentives 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
    • Shuchi Tyagi