Job Evaluation and Design of Salary Structure

Introduction

In today’s competitive job market, designing a salary structure that attracts, retains, and motivates top talent is crucial for business success. This masterclass will help you develop a compensation strategy that rewards high-performing employees, reduces turnover, and boosts overall organizational performance.

You’ll learn how to analyze your organization’s unique compensation needs, benchmark salaries with industry standards, and create a compensation package that attracts and retains top talent.

Our expert instructor, an international lecturer, will guide you through real-world scenarios and interactive exercises to help you apply the concepts to your own organization.

 

Program Overview

This masterclass is designed to equip HR professionals, compensation specialists, and managers with the knowledge and skills necessary to design a salary structure that attracts, retains, and motivates top talent. The program is ideal for those responsible for developing and implementing compensation strategies who need to understand the intricacies of job evaluation and salary structure design. This instructive program will help participants develop the skills to effectively evaluate job roles, design salary structures, and communicate compensation decisions to employees.

Objectives

• Develop a comprehensive understanding of job evaluation principles and their application in salary structure design
• Analyze organizational compensation needs and develop a compensation strategy aligned with business goals
• Benchmark salaries with industry standards and internal equity principles
• Design a compensation package that attracts, retains, and motivates top talent
• Evaluate the effectiveness of current salary structures and identify areas for improvement
• Develop strategies for communicating compensation decisions to employees
• Apply best practices in salary administration to ensure compliance with regulatory requirements
• Implement a salary structure that supports organizational goals and objectives

Major Takeaways

• The importance of job evaluation in salary structure design
• Best practices in conducting job analysis
• Strategies for benchmarking salaries with industry standards
• Methods for applying internal equity principles to ensure fairness in compensation
• Techniques for communicating compensation decisions to employees
• Tips for implementing and maintaining an effective salary structure over time
• Strategies for managing salary structures during challenging economic times
• Best practices for avoiding common pitfalls in salary structure design

 

Outline of Topics

Module 1: Introduction to Compensation Strategy

• Overview of the importance of compensation strategy in attracting and retaining top talent
• Understanding organizational goals and objectives
• Identifying key performance indicators for salary structure design
• Defining compensation strategy components:
  • Base pay
  • Incentives
  • Benefits
  • Other rewards

Module 2: Job Evaluation and Salary Structure Design

• Understanding job evaluation methods (e.g. job grading, job family, point-factor)
• Designing a salary structure that supports business objectives
• Factors to consider when designing a salary structure:
  • Job requirements
  • Market data
  • Organizational culture
  • Budget constraints

Module 3: Compensation Program Design

• Developing a compensation program that aligns with business objectives
• Understanding market data and industry standards
• Key elements of a compensation program:
  • Salary ranges
  • Bonus and incentive plans
  • Benefits and perks

Module 4: Salary Structure Design Considerations

• How to analyze organizational needs and develop a customized salary structure
• Best practices for communicating compensation decisions to employees
• Common salary structure design challenges and potential solutions

Module 5: Total Rewards Strategies

• Understanding the role of benefits, incentives, and other rewards in compensation strategy
• Designing a total rewards package that supports business objectives
• Strategies for aligning total rewards with business goals

Module 6: Compensation Plan Implementation

• Key considerations for implementing a new compensation plan
• Strategies for overcoming common implementation challenges:
  • Communication planning
  • Change management
  • Technology integration

Module 7: Salary Structure Maintenance and Updates

• How to regularly review and update the salary structure to ensure it remains competitive and effective
• Best practices for managing salary structure changes and communicating with employees:
  • Frequency of reviews
  • Communication strategies

Module 8: Conclusion and Next Steps

• Recap of key takeaways from the course
• Action plan for implementing a successful salary structure design in your organization:
  • Setting goals and objectives
  • Developing a plan of action

 

 

 

Resource Speaker

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

Click here for his profile.

 

 

Training Investment

REGULAR RATE
Php 1,899.00 + VAT

EARLY BIRD RATE
Php 1,499.00 + VAT until February 19, 2025

GROUP RATE
Php 1,399.00 + VAT per pax for 5 – 14 pax

SUPER GROUP RATE
Php 1,199.00 + VAT per pax for 15 or more pax

BIRTHDAY MONTH PROMO – FREE SEAT
Register within Your Birthday Month with at least 2 Paid Pax @Php1,899.00+ VAT per pax (Must present proof of date of birth)

JOIN NOW PAY LATER PROMO
Pay After 30 Days from the date of the Masterclass @ Php2,099.00+ VAT per pax

Presentation Materials and the Digital Certificate will be provided

 

 

In-House Training

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.
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CHECK OUT.
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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. 

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Thank you and enjoy!

Keep safe and God Bless!