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. This program is worth 25 NASBA CPEs.
Locations & Dates:
09 - 13 Dec 2012 Dubai, English
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees
Delivery Type: Group-Live
Pre-requisites: None
Related Programs:
The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.
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
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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
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