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

Program Overview

Provides the participants a general overview and the basic knowledge and appreciation in designing the pay structures and understanding its critical role in HR’s overall strategy for attracting, motivating and retaining the Company’s best talents.

Program Outline

Module 1: Fundamentals Concepts and Principles

• Introductory Concepts
• Types of Compensation
• Principles of Compensation

Module 2: Collecting and Analyzing Salary Market Data

• Definition of Salary Market
• Benchmark Jobs
• Calculation of Percentiles
• Regression Analysis

Module 3: Pay Philosophy

• Factors in Determining Pay Philosophy
• Example of Pay Philosophy

Module 4: Designing the Salary Structure

• Definition of Salary Structures
• Number of Salary Structures
• Types of Salary Structures
• Types of Salary Ranges
• Types of Salary Ranges Spread
• How many job grades?
• Designing the Salary Ranges
• Steps in Developing the Salary Structure

Module 5: Linking the Salary Structures to the Conduct of the Salary Review Process

Who should attend?

• HR Managers or Heads
• Compensation and Benefits Managers or Specialist
• Business Owners

Facilitator:

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