Setting Up a Salary Structure for Equitable Compensation Management - CONFIRMED! Effective Outsource Networks
How do organisations determine entry salaries, increments and keep salary levels up-to-date year after year? How do compensation practitioners answer to management on salary costs and explain to employees about their salary questions? These are basic questions for salary administration.
This course aims to equip participants with the skills of setting up and managing an equitable salary structure that is aligned with the latest 2014/2015 National Wage Council's recommendations.
Participants will be guided with in-class computer simulation activities to develop automated computerised spreadsheet template to set up the salary system. The techniques of establishing salary range mid-point, minimum and maximum salary levels for each job are the key topics of this course.
This course is targeted to equip salary administrators such as HR practitioners, finance and office administrators without formal training in compensation management with the essential techniques to set up a credible salary system.
How Will You Benefit?
At the end of this course, you will be able to:
- distinguish the principles of a compensation
- apply the techniques of defining job values
- apply the techniques of setting up a salary structure
- develop spreadsheets for salary administration
- explain the rationale of pay decisions
What Will You Learn?
Compensation Management
- components of compensation package
- total reward system
Job Evaluation
- the techniques of job evaluation
- developing a job structure
Salary System
- determining the mid-point
- using Microsoft Excel© spreadsheet to establish the minimum and maximum of a salary range
- using Microsoft Excel© spreadsheet to develop policy & practice line
- the use of market surveys
Implementing The Salary Policy
- how to deal with over- and under-pay situations
- how to age the salary data annually
Linking Salary to Performance Appraisal
- how to link salary increment, bonus and rewards to performance appraisal
This course is no longer available.
Course details
How do organisations determine entry salaries, increments and keep salary levels up-to-date year after year? How do compensation practitioners answer to management on salary costs and explain to employees about their salary questions? These are basic questions for salary administration.
This course aims to equip participants with the skills of setting up and managing an equitable salary structure that is aligned with the latest 2014/2015 National Wage Council's recommendations.
Participants will be guided with in-class computer simulation activities to develop automated computerised spreadsheet template to set up the salary system. The techniques of establishing salary range mid-point, minimum and maximum salary levels for each job are the key topics of this course.
This course is targeted to equip salary administrators such as HR practitioners, finance and office administrators without formal training in compensation management with the essential techniques to set up a credible salary system.
How Will You Benefit?
At the end of this course, you will be able to:
- distinguish the principles of a compensation
- apply the techniques of defining job values
- apply the techniques of setting up a salary structure
- develop spreadsheets for salary administration
- explain the rationale of pay decisions
What Will You Learn?
Compensation Management
- components of compensation package
- total reward system
Job Evaluation
- the techniques of job evaluation
- developing a job structure
Salary System
- determining the mid-point
- using Microsoft Excel© spreadsheet to establish the minimum and maximum of a salary range
- using Microsoft Excel© spreadsheet to develop policy & practice line
- the use of market surveys
Implementing The Salary Policy
- how to deal with over- and under-pay situations
- how to age the salary data annually
Linking Salary to Performance Appraisal
- how to link salary increment, bonus and rewards to performance appraisal
Course Location
- Certified ERP Manager VskillsSGD 67
SGD 158Duration: 1 To 2 Months - Negotiation Skills Courses Distance Learning Ltd.SGD 68
SGD 136Duration: Upto 4 Hours
