E: [email protected] T: +2711 041 0181 M: +2761 490 3225 F: +2786 407 8243 Employees’ remuneration is always a strategic and yet sensitive issue for both the company and employee. Although salary or money is commonly perceived as not the only factor that influence employee’s motivation, but it’s hard to neglect that money is the most dominant factor in determining employee’s motivation, working spirit and performance. Implementation of remuneration system in any organization or company will usually face several complex problems. Firstly, problems related to be trapped into subjectivity, depend on what market information is available and to which market is compared. Lastly, problems related to company’s financial capability. The measure of financial capability is usually not treated as open information, and only limited to certain people in top management. This will be a common debate between company and employees, where on the one hand employees feel that the company has a good financial condition, but on the other hand, the company needs to manage its competitive and sustainable cost levels. This course will give skills in designing a remuneration system that fits the purpose and condition of each company, while still maintaining the competitiveness, attractiveness and fairness of the remuneration level. BENEFITS OF ATTENDING After participating in this 2 day workshop, every participant will have a better understanding on. • Basic principle and philosophy of remuneration management, and its significant link and impact to other aspects of Human Resources Management • Internal analysis and its relation to internal equity or fairness • External analysis and its relation to external competitiveness and retention strategy • Remuneration strategy which will determine remuneration target and mix of remuneration components • Remuneration policy and salary structure • Cost impact analysis • Salary increase mechanism based on merit • Learn the professional techniques of designing salary grades and ranges and bonus payout • Get solid insights on best practices in overcoming the challenges of implementing new ranges • Learn how to restructure salary & bonuses to drive motivation, performance & retention • Master ways of determining individual salary and avoidance of salary compression (fairness). The measure of internal equity itself is hard to jointly agree, due to the different interests between the company and employees, or among employees. Secondly, problems related to external competitiveness. The measure of competitiveness also is not an easy thing to determine, and could WHO SHOULD ATTEND? • Human Resources Managers and General Managers • Human Resources Officers • Compensation & Benefits Specialists • Compensation Managers • Benefits Managers • Supervisors • Anyone who is interested in Remuneration Management topic Remuneration & Compensat Compensation Strategies Workshop 16 & 17 February 2017 Focus Rooms , Sunninghill. Johannesburg, South Africa 27 & 28 February 2017 Protea Hotel Furstenhof Windhoek, Namibia

Remuneration Compensation Strategies Workshop SaNam

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Page 1: Remuneration Compensation Strategies Workshop SaNam

E: [email protected] T: +2711 041 0181 M: +2761 490 3225 F: +2786 407 8243

Employees’ remuneration is always a strategic and yet sensitive issue for both thecompany and employee. Although salary or money is commonly perceived as not theonly factor that influence employee’s motivation, but it’s hard to neglect that money

is the most dominant factor in determining employee’s motivation, working spirit and performance. Implementation ofremuneration system in any organization or company will usually face several complex problems. Firstly, problems related to

be trapped into subjectivity, depend on what market informationis available and to which market is compared. Lastly, problemsrelated to company’s financial capability. The measure offinancial capability is usually not treated as open information,and only limited to certain people in top management. This willbe a common debate between company and employees, whereon the one hand employees feel that the company has a goodfinancial condition, but on the other hand, the company needs tomanage its competitive and sustainable cost levels. This coursewill give skills in designing a remuneration system that fits thepurpose and condition of each company, while still maintainingthe competitiveness, attractiveness and fairness of theremuneration level.

BENEFITS OF ATTENDING

After participating in this 2 day workshop, every participant will have a betterunderstanding on.

• Basic principle and philosophy of remuneration management, and itssignificant link and impact to other aspects of Human ResourcesManagement

• Internal analysis and its relation to internal equity or fairness• External analysis and its relation to external competitiveness and

retention strategy• Remuneration strategy which will determine remuneration target and

mix of remuneration components• Remuneration policy and salary structure• Cost impact analysis• Salary increase mechanism based on merit• Learn the professional techniques of designing salary grades and

ranges and bonus payout• Get solid insights on best practices in overcoming the challenges of

implementing new ranges• Learn how to restructure salary & bonuses to drive motivation,

performance & retention• Master ways of determining individual salary and avoidance of salary

compression

(fairness). The measure of internal equity itself is hard to jointly agree, due to the different interests between the company and employees, or amongemployees. Secondly, problems related to external competitiveness. The measure of competitiveness also is not an easy thing to determine, and could

WHO SHOULD ATTEND?

• Human Resources Managers and General Managers• Human Resources Officers• Compensation & Benefits Specialists• Compensation Managers• Benefits Managers• Supervisors• Anyone who is interested in Remuneration

Management topic

Remuneration&

CompensatCompensationStrategiesWorkshop

16 & 17 February 2017Focus Rooms , Sunninghill.Johannesburg, South Africa

27 & 28 February 2017Protea Hotel Furstenhof

Windhoek, Namibia