Date: August 5 – 6, 2024 Time: 1:00 PM – 5:00 PM
Fee: Php 3,500.00 – Member + 12% VAT | Php 4,500.00 + 12% VAT – Non Member

Overview:

This two-day workshop on Compensation and Benefits Management in the Philippines is designed to equip HR professionals, managers, and business leaders with a comprehensive understanding of compensation and benefits practices tailored to the Philippine labor market. The workshop will cover regulatory requirements, market trends, and strategic approaches to designing and managing effective compensation and benefits programs. Participants will engage in interactive sessions, case studies, and group discussions to learn best practices and create customized strategies that align with organizational goals and employee needs.

Objectives:

This workshop outline ensures a comprehensive and interactive learning experience, enabling participants to effectively manage compensation and benefits programs that comply with Philippine laws and align with organizational strategies. At the end of the session, attendees will be able to:

1. Understand Compensation and Benefits Frameworks
2. Comply with Philippine Labor Laws
3. Design Effective Compensation Structures
4. Implement Comprehensive Benefits Programs
5. Analyze Market Trends and Data
6. Enhance Employee Engagement and Retention

Outline:

Introduction to Compensation and Benefits

• Importance of compensation and benefits management
• Key components of a total rewards strategy
• Overview of compensation and benefits trends in the Philippines

Legal Framework for Compensation and Benefits in the Philippines

• Overview of Philippine labor laws (e.g., Labor Code, Social Security Act)
• Minimum wage regulations
• Compliance with statutory benefits (e.g., SSS, PhilHealth, Pag-IBIG)

Designing Compensation Structures

• Job evaluation and salary benchmarking
• Pay scale development
• Equity and fairness in compensation
• Practical exercises in creating compensation structures

Performance-Based Compensation

• Incentive programs and bonuses
• Merit pay and pay-for-performance system
• Aligning compensation with organizational goals
• Case studies on performance-based compensation

Designing Benefits Programs

• Health and wellness benefits
• Retirement and pension plans
• Work-life balance initiatives (e.g., flexible work arrangements, leave policies)
• Customizing benefits to employee needs and preferences

Analyzing Market Trends and Data

• Conducting market salary surveys
• Utilizing compensation data for decision making
• Understanding industry-specific trends
• Group exercise in market data analysis

Communicating Compensation and Benefits

• Strategies for effective communication of compensation and benefits
• Transparency and trust in compensation practices
• Engaging employees through benefits communication
• Practical examples and role-playing exercises

Enhancing Employee Engagement and Retention

• Linking compensation and benefits to employee satisfaction
• Retention strategies through total rewards programs
• Measuring the impact of compensation and benefits on engagement
• Case studies on successful engagement and retention initiatives

Program Disclaimer:

– We will send a confirmation email with the details and instructions to the participant one (1) business day for online training and (3) business days for face-to-face training before the scheduled date of the program if it will push through or not. All training programs are subject to change depending on the number of confirmed participants. This will not be a liability from our end.
– For participants requiring booking flights and accommodation, please kindly wait for our confirmation if the training will push through. Again, this will not be a liability from our end.
– For cancellation three working days before the scheduled training you need to pay 50% of the total investment fee.

For other queries, you may contact Ms. Lalaine Benitez at laine.benitez@pmap.org.ph