Discover the power of compensation benchmarking
and take your organization to the next level.
Learn the fundamentals of data-driven decision-making,
from collecting market data to developing a strategy
that drives business results.

 

Develop a compensation approach that attracts top talent,
optimizes salary and benefits structures, and aligns
with your organization’s goals. You’ll gain a deep understanding
of the process and a personalized action plan to implement it.

 

By the end of this masterclass, you’ll be equipped to make
informed compensation decisions that drive business results
and propel your organization forward.

 

Salaries and Benefits Benchmarking

July 18, 2024
2:00pm – 5:00pm

 

ONLINE MASTERCLASS VIA

 

This learning session focuses on how the company receives salary and benefits data through surveys. It is a compilation of pay and benefit statistics acquired from other companies that are judged comparable to your situation. It is performed using a job matching mechanism incorporating survey benchmark job descriptions and internal role descriptions. The firm may use this data to determine the competitive market pricing for its jobs. It requires contacting competitors and inquiring about how much they pay for their most valuable asset, people. Furthermore, your organization is expected to share its data with others freely. The most common analytical activity in compensation and benefits management is obtaining, evaluating, and utilizing data concerning remuneration paid by other organizations.

 

• Develop a comprehensive understanding of salaries and benefits benchmarking principles
• Apply benchmarking data to inform compensation decisions
• Create a fair and competitive compensation structure aligned with organizational goals
• Analyze and interpret salary and benefits data effectively
• Design a plan for implementing a benchmarking process in your organization

 

• The importance of benchmarking in compensation management
• The key components of a competitive compensation package
• How to collect and analyze salary and benefits data
• The benefits of creating a fair and competitive compensation structure
• Strategies for communicating compensation decisions to employees

 

Module 1: Employee Compensation & Benefits in Perspective

• Understanding the importance of benchmarking in compensation and benefits management
• Overview of the compensation and benefits landscape

Module 2: Compensation Elements

• Defining the key components of employee compensation
• Salary, bonuses, benefits, and perks: understanding the differences
• Setting priorities for compensation design

Module 3: Categories of Employee Benefits

• Understanding the different categories of employee benefits
• Health insurance, retirement plans, time off, and more
• Designing a comprehensive benefits package

Module 4: Benchmark Jobs

• Matching jobs using a job matching mechanism
• Survey benchmark job descriptions and internal role descriptions
• Ensuring accurate job matching

Module 5: Types of Employee Compensation & Benefits Surveys

• Overview of different types of surveys
• Choosing the right survey for your organization’s needs
• Understanding survey limitations and potential biases

Module 6: The Survey Process

• Conducting a survey process that ensures validity and reliability of data
• Data collection techniques and best practices
• Ensuring a representative sample

Module 7: The Survey Instrument

• Designing a survey instrument that gathers accurate information
• Survey questions and formatting best practices
• Ensuring clear and concise language

Module 8: Ensuring Validity and Reliability

• Validity and reliability in compensation and benefits surveys
• Methods for ensuring accurate data collection
• Avoiding common pitfalls

Module 9: Data Collection Techniques

• Gathering data through interviews, focus groups, and online surveys
• Best practices for data collection
• Tips for maintaining data quality

Module 10: Data Analysis and Interpretation

• Analyzing and interpreting survey data
• Identifying trends and patterns in compensation and benefits data
• Communicating results effectively

Module 11: Data Consolidation & Interpretation

• Consolidating and interpreting data to inform compensation decisions
• Using data to create a competitive compensation package
• Avoiding common mistakes in data interpretation

Module 12: Do’s and Don’ts

• Best practices for implementing a successful salary structure
• Common pitfalls to avoid in salary design
• Tips for ensuring fairness, competitiveness, and alignment with organizational goals

Module 13: Action Planning

• Implement a benchmarking process in your organization
• Analyze and interpret data to inform compensation decisions
• Develop a comprehensive salary structure that is fair, competitive, and aligned with your organization’s goals

 

Dr. Virgel C. Binghay
Professor & Director – UP  SOLAIR

Click here for his profile.

 

ONLINE MASTERCLASS

EARLY ACCESS PROMO
Jumpstart Special – Php. 1,199 + VAT per pax
(paid on or before July 3)

Early Bird Rate – Php. 1,399 + VAT per pax
(paid on or before July 11)

GROUP PROMO
Group Rate – Php. 1,299 + VAT per pax
(for 5 – 14 pax)

Super Group Rate – Php. 1,099 + VAT per pax
(for 15 or more pax)

SPECIAL PROMO
Birthday Promo – Free Seat if you register within birthday month
with at least 2 paid pax @ Php. 1,699 + VAT per pax
(Must present proof of date of birth)

Join Now Pay Later Promo – Php1,899 + VAT per pax
(Pay after 30 days from the date of the masterclass)

Student Rate – Php. 850 + VAT per pax
(Must present a valid High School or College student ID)

REGULAR RATE
Php. 1,699 + VAT per pax
(starting July 12)

 

Inclusive of the Masterclass Session, the presentation materials and the Digital Certificate.

 

Looking for customized in-house training in HR, Labor Law, Taxation, Accounting, Supply Chain Management, Soft Skills, or similar areas?

Click here for more information.

 

 

 

IMPORTANT REMINDERS

REGISTRATION.
You must register or be registered by someone else to be able to join our webinars.  Webinar access links are strictly sent through email therefore make sure you indicate the right email addresses for the participants. Please indicate how many participants you wish to include before hitting the REGISTER NOW button.

 

CHECK OUT.
When you go to the Checkout Page, double-check the number of participants you have to register, if you change your mind or wish to make last-minute adjustments, do not forget to update your cart by clicking the UPDATE CART button.  Once everything is final, you may now click the PROCEED TO CHECK OUT button.

 

BILLING DETAILS AND THE NAMES OF THE PARTICIPANTS.
On the upper portion, you have to enter your details (esp. your email address) as the one paying for the registration. Underneath, you have to enter the details (esp. the email addresses) of the participants you wish to join the webinar.

 

PAYMENT
POWERMAX provides three (3) payment options:
(1) Bank Deposit/Online Bank Transfer
(2) G-Cash
(3) PayPal/Credit or Debit Card Through PayPal 

 

Bank Deposit or Online Bank Transfer / G-Cash
If you choose Bank Deposit/Online Bank Transfer or G-Cash, you have to send the proof of payment to info@powermax.ph.

 

IMPORTANT:
Proof of payment must be sent to info@powermax.ph.  Failure to send the proof of payment to info@powermax.ph means the participants will not receive the webinar links even if the proof of payment is sent to other contact details of Powermax or its representatives (e.g., Facebook, Messenger, Viber, other email addresses, etc.).

 

Payment Through PayPal
If you choose to pay for your registration using PayPal you may do so.  Please take note that PayPal also accepts Debit Cards and Credit Cards bearing the VISA and Mastercard logo. Unlike the Bank Deposit/Online Bank Transfer, the PayPal process automatically updates our system to issue the participants their access to our webinars.

 

Masterclass access links.
Once payment is made and verified, we can activate the spot on the webinar then we can send the webinar access links to the email addresses of the participants – this only goes with Bank Deposit/Online Bank Transfer / G-Cash.  However, for payments made using PayPal, the activation process is automatic. Note that your webinar access link cannot be shared with anyone else.  If you cannot attend on the date and time of the webinar kindly advise us at the latest one day ahead. 

 

Terms and Conditions.
By registering you agree to our Terms and Conditions and acknowledge our Privacy Policy.

 

Thank you and enjoy!

Keep safe and God Bless!