A Comprehensive Guide to Understanding, Designing and Managing Compensation Systems
From Thursday 21 July 2022 - 09:00am
To Friday 29 July 2022 - 12:00pm
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Contact Training Department
In many organisations, compensation represents a significant portion of the business' budget and it plays an essential role in attracting and retaining employees. In this regard, how to compensate your people is one of the most important strategic decisions you will make, whether you are implementing a new strategy or adjusting an existing system. In many ways, it can give your organisation a significant competitive advantage, while supporting (or hindering) the culture and drive of the business, and the behaviours needed to grow and expand.
The topics were carefully chosen to provide participants with the information, methodologies and tools to understand better the language and concepts of compensation within the overall HR function, and how to correctly design an effective compensation system.
TOPICS TO BE COVERED
Establishing a baseline for understanding compensation in the context of Human Resources functionality.
What is compensation?
Basic objectives of compensation and benefits
The compensation philosophy as a baseline
Aligning compensation with the mission, vision and strategy
Effective compensation management system
Understanding the competitive landscape for compensation, and designing effective base pay programs.
Factors influencing compensation
Job analysis and job documentation
How to design and conduct an external market study
Salary design and structure
Base pay policies, procedures and implementation
Optimising pay for performance tools
Activity: Develop a compensation system and analyse data
Gaston Harrison Human Resource and Industrial Relations Consultant
Gaston has over thirty (30) years of considerable experience in a wide range of Industrial Relations and Human Resource activities, including benefits and compensation administration, grievance management, mediation, collective bargaining, discipline, change management, training and development and performance management, among others. He also possesses specific experience in representation at the Ministry of Labour and the Industrial Court.
Gaston is a former Senior Human Resource Advisor to the Chief Personnel Officer - Government of Trinidad & Tobago, a former Manager IR, Compensation and Benefits - Central Bank of T&T.
Location ONLINE Only via Zoom
For further details please contact:
Register online (button below) or download the registration form and send it via email
An invoice will be generated and sent to facilitate payment
Payment is required before meeting credentials are shared
Meeting credentials are shared one (1) day before the programme start date
Sessions will be conducted online via the ZOOM Meeting platform
Electronic payment can be made by Online Bank Transfer, to the Employers Solution Centre, via Republic Bank account number 290-457-289-901 (Branch: Tragarete Road, Port of Spain). We encourage the use of this facility at this time. Please send us a copy of your transaction receipt/confirmation.
Payment is also accepted via cheque, Linx/Credit Card (in office), and Cash (please provide exact change.