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Job Evaluation and Design of Salary Structure

Job Evaluation and Design of Salary Structure

Categories: , , , , Tags: ,
5/5

1,399.00 + VAT

In today’s competitive job market, designing
a salary structure that attracts, retains, and motivates
top talent is crucial for business success. This masterclass
will help you develop a compensation strategy
that rewards high-performing employees, reduces turnover,
and boosts overall organizational performance.


You’ll learn how to analyze your organization’s
unique compensation needs, benchmark salaries
with industry standards, and create a compensation package
that attracts and retains top talent.


Our expert instructor, an international lecturer,
will guide you through real-world scenarios
and interactive exercises to help you apply the concepts
to your own organization.

 

Job Evaluation and Design
of Salary Structure

August 20, 2024
2:00pm – 5:00pm

 

ONLINE MASTERCLASS VIA

Zoom Logo

 

Understanding Financial Statements

This masterclass is designed to equip HR professionals, compensation specialists, and managers with the knowledge and skills necessary to design a salary structure that attracts, retains, and motivates top talent. The program is ideal for those responsible for developing and implementing compensation strategies who need to understand the intricacies of job evaluation and salary structure design. This instructive program will help participants develop the skills to effectively evaluate job roles, design salary structures, and communicate compensation decisions to employees.

 

  • Develop a comprehensive understanding of job evaluation principles and their application in salary structure design
  • Analyze organizational compensation needs and develop a compensation strategy aligned with business goals
  • Benchmark salaries with industry standards and internal equity principles
  • Design a compensation package that attracts, retains, and motivates top talent
  • Evaluate the effectiveness of current salary structures and identify areas for improvement
  • Develop strategies for communicating compensation decisions to employees
  • Apply best practices in salary administration to ensure compliance with regulatory requirements
  • Implement a salary structure that supports organizational goals and objectives

 

Major Takeaways

  • The importance of job evaluation in salary structure design
  • Best practices in conducting job analysis
  • Strategies for benchmarking salaries with industry standards
  • Methods for applying internal equity principles to ensure fairness in compensation
  • Techniques for communicating compensation decisions to employees
  • Tips for implementing and maintaining an effective salary structure over time
  • Strategies for managing salary structures during challenging economic times
  • Best practices for avoiding common pitfalls in salary structure design

 

Course Outline

Module 1: Introduction to Compensation Strategy

  • Overview of the importance of compensation strategy in attracting and retaining top talent
  • Understanding organizational goals and objectives
  • Identifying key performance indicators for salary structure design
  • Defining compensation strategy components:
    • Base pay
    • Incentives
    • Benefits
    • Other rewards

Module 2: Job Evaluation and Salary Structure Design

  • Understanding job evaluation methods (e.g. job grading, job family, point-factor)
  • Designing a salary structure that supports business objectives
  • Factors to consider when designing a salary structure:
    • Job requirements
    • Market data
    • Organizational culture
    • Budget constraints

Module 3: Compensation Program Design

  • Developing a compensation program that aligns with business objectives
  • Understanding market data and industry standards
  • Key elements of a compensation program:
    • Salary ranges
    • Bonus and incentive plans
    • Benefits and perks

Module 4: Salary Structure Design Considerations

  • How to analyze organizational needs and develop a customized salary structure
  • Best practices for communicating compensation decisions to employees
  • Common salary structure design challenges and potential solutions

Module 5: Total Rewards Strategies

  • Understanding the role of benefits, incentives, and other rewards in compensation strategy
  • Designing a total rewards package that supports business objectives
  • Strategies for aligning total rewards with business goals

Module 6: Compensation Plan Implementation

  • Key considerations for implementing a new compensation plan
  • Strategies for overcoming common implementation challenges:
    • Communication planning
    • Change management
    • Technology integration

Module 7: Salary Structure Maintenance and Updates

  • How to regularly review and update the salary structure to ensure it remains competitive and effective
  • Best practices for managing salary structure changes and communicating with employees:
    • Frequency of reviews
    • Communication strategies

Module 8: Conclusion and Next Steps

  • Recap of key takeaways from the course
  • Action plan for implementing a successful salary structure design in your organization:
    • Setting goals and objectives
    • Developing a plan of action

 

Featured Speaker - Understanding Financial Statements

Dr. Virgel C. Binghay
Professor & Director – UP  SOLAIR

Click here for his profile.

 

Training Investment - Understanding Financial Statements

ONLINE MASTERCLASS


EARLY ACCESS PROMO
Jumpstart SpecialPhp. 1,199 + VAT per pax
(paid on or before August 5)

Early Bird RatePhp. 1,399 + VAT per pax
(paid on or before August 13)

GROUP PROMO
Group RatePhp. 1,299 + VAT per pax
(for 5 – 14 pax)

Super Group RatePhp. 1,099 + VAT per pax
(for 15 or more pax)

SPECIAL PROMO
Birthday Promo – Free Seat if you register within birthday month
with at least 2 paid pax @ Php. 1,699 + VAT per pax
(Must present proof of date of birth)

Join Now Pay Later PromoPhp1,899 + VAT per pax
(Pay after 30 days from the date of the masterclass)

Student RatePhp. 850 + VAT per pax
(Must present a valid High School or College student ID)

REGULAR RATE
Php. 1,699 + VAT per pax
(starting August 14)

 

Inclusive of the Masterclass Session, the presentation materials and the Digital Certificate.

 

In-House Training

Looking for customized in-house training in HR, Labor Law, Taxation, Accounting, Supply Chain Management, Soft Skills, or similar areas?

Click here for more information.

 

 

 

IMPORTANT REMINDERS

REGISTRATION.
You must register or be registered by someone else to be able to join our webinars.  Webinar access links are strictly sent through email therefore make sure you indicate the right email addresses for the participants. Please indicate how many participants you wish to include before hitting the REGISTER NOW button.

 

CHECK OUT.
When you go to the Checkout Page, double-check the number of participants you have to register, if you change your mind or wish to make last-minute adjustments, do not forget to update your cart by clicking the UPDATE CART button.  Once everything is final, you may now click the PROCEED TO CHECK OUT button.

 

BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS.
On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.

 

PAYMENT
POWERMAX provides three (3) payment options:
(1) Bank Deposit/Online Bank Transfer
(2) G-Cash
(3) PayPal/Credit or Debit Card Through PayPal 

 

Bank Deposit or Online Bank Transfer / G-Cash
If you choose Bank Deposit/Online Bank Transfer or G-Cash, you have to send the proof of payment to info@powermax.ph.

 

IMPORTANT:
Proof of payment must be sent to info@powermax.ph.  Failure to send the proof of payment to info@powermax.ph means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).

 

Payment Through PayPal
If you choose to pay for your registration using PayPal you may do so.  Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars.

 

Masterclass access links.
Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer / G-Cash.  However, for payments made using PayPal, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else.  If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead. 

 

Terms and Conditions.
By registering you agree to our Terms and Conditions and acknowledge our Privacy Policy.

 

Thank you and enjoy!

Keep safe and God Bless!

1,399.00 + VAT

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Job Evaluation and Design of Salary Structure

Job Evaluation and Design of Salary Structure

Categories: , , , , Tags: ,
5/5

1,399.00 + VAT