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Accounting, Finance, Tax, Treasury, Audit & Risk Management Yogyakarta

Advanced Compensation And Benefit

Instructor By : Januar Eko

PROGRAM OBJECTIVES

By the end of the program, participants will be able to:

• Link effective compensation management to continuing business success.
• Design and carry out compensation surveys.
• Match compensation systems to organization culture.
• Design a performance based reward system.
• Discover the future of compensation in the region.
• Discuss the growing global trend towards a work / life balance.

THIS PROGRAM IS DESIGNED FOR

Senior HR professionals, compensation managers and senior company executives who wish to broaden their knowledge of this important topic.

 PROGRAM OUTLINE

The Executive Compensation Framework

• Establishing the Context
• The Notion of Fairness – What Does It Mean?
• Definitions – Executive and Compensation
• Linkages
• The Executive Compensation Mix

Design of Executive Compensation Programs

• Linkages – Business and Compensation
• The Compensation Strategy Development Process
• Compensation Strategies for your Industry – Horses for Courses
• Utilizing a Total Compensation Approach
• What Does Competitive Mean to you?

Compensation Surveys: Design

• Establishing Purpose and Coverage
• Documentation Design
• Choosing Benchmarks:
• Jobs
• Participating Organizations
• Surveys in this Region – Elements Covered
• Encouraging Participation

Compensation Surveys – Execution and Interpretation

• Job Matching
• Analyzing Data
• Summarizing Findings
• Report Preparation and Presentation:

–     The Use of Executive Summaries

–     Understanding the Organization

• Implementation – Cost and Communication

Importance of Cost of Living Information

• Data Availability and Relevance – Government and Other Sources
• Availability of Private Sector Data and How to Get It

Performance Based Rewards

• What you Reward Is What you Get!
• Designing your Performance Based Rewards System – Design Considerations
• How Much to Pay and what for: Performance and Pay Matrices
• Non-Monetary Rewards

Corporate Culture and Compensation

• Culture and Compensation – What the World Is Saying and Doing
• Building an Entrepreneurial Spirit through Compensation
• Importance of Communication

The Future

• Trends in Compensation
• Broad-Banding – Solution or Confusion?
• The Relationship Between Work and Life – Getting the Balance Right
• Up to the Minute News on Compensation Management as it Happens

TRAINING METHOD

Presentation

Discussion

Case Study

Evaluation

FACILITIES

Training Kit

Handout

Certificate

Lunch + 2 X Coffee Break

Souvenir

Pick Up Participants (Yogyakarta)

TRAINING FEE for Advanced Compensation And Benefit

Rp6.500.000, – / peserta / Non Residential

Minimal 3 peserta

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