Successful Strategic Plan for Employee Compensation and Benefits

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A meaningful C&B strategy that helps motivate staff to go the “extra mile” is essential for organisation success.

This workshop will equip participants with knowledge and field-proven techniques to design a compensation system that helps align staff performance with corporate business strategies and advocate the “pay-for-extra” culture.

Outlines

- Definition of compensation

- Common types of compensation, benefits and non-financial rewards in the market

- Aligning compensation strategies with business directives and corporate values

- 5 factors to consider when developing compensation strategies

- Introduction to strategic compensation management

- Writing effective job descriptions for various positions

- Conducting job evaluation step-by-step

- Developing grade & salary structure

- Analysing market pay trend data

- How economic trend influences compensation design

- Designing long-term & short-term incentive schemes

- Linking the incentive scheme with performance measurement results

Date:

8 Feb 2023 (Wed)

Time:

09:30 – 17:30

Language:

Cantonese (with English materials)

Fee:

Member – HK$2,000
Non-Member – HK$2,800

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Venue:

HKIHRM

Units 1810-15, 18/F, Millennium City 2, 378 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong

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Speaker

Principal Consultant, HMI Consulting

Date & Time
Wednesday
8 February 2023
09:30 17:30 Asia/Hong_Kong
Location

Hong Kong Institute of Human Resource Management (HKIHRM)

Units 1810-15, 18/F, Millennium City 2
378 Kwun Tong Road, Kwun Tong
Kowloon
Hong Kong
+852 2881 5113
info@hkihrm.org
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Organiser

Hong Kong Institute of Human Resource Management (HKIHRM)

+852 2881 5113
info@hkihrm.org