Compensation Management Workshop Agenda

The agenda is split into six (6) live sessions covering the topics presented below. Pre-work diagnostic questions are to be provided prior to the first session and an offline exercise is included after the second session.

Session 1: (live session- 2 hours)

• The Practice of HR
• The Value of Standards
  • Using Organization Philosophy to determine standards in setting pay
  • Your Employment Value Proposition
  • Are current policies mirroring your EVP?
• The Purpose of Compensation
  • What needs does compensation serve
  • Cost of Living and Cost of Labor
  • How does the current compensation reflect the organization’s values?
  • Measuring the Market

Session 2: (live session-2 hours)

• Survey Methodology- Job Matching
  • The Three Factors
  • The 14 Community Levels
  • Alignment of client’s levels to Community Levels
• Survey Methodology- Salaries and Benefits
  • Three Reference Points (Min/MRP/Max)
  • Focusing on Total Compensation in Developing Markets

Session 3: (live session-2 hours)

• Utilizing a Salary Survey – Data Aggregation
  • Building Your Market Proxy- What sources of data do you use and how do you use them?
  • Setting Exclusion Rules
• Looking at the Client’s Market Positioning Perspective

o    Client data against 2-3 different market slices

o    Client: Benefits Practices in Sample Country

Session 4: (live session- 2 hours)

• The Art of a Pay Scale
  • Variables used in Pay Scales
  • Aligning to Market / Testing the Fit
  • Balancing Salaries and Benefits with EVP
• Building the Salary Scale & Benefits Package Design

Session 5: (live session- 2 hours)

• Market Report Overview/Walkthrough
• Sustaining Compensation Over Time
  • Establishing Periodicity in Maintaining/Revising Salary Scales

Session 6: (live session- 2 hours)

•  Salary Structure Administration Special Measures
  • Managing Pay in Times of Volatility (devaluation/high inflation; etc.)
• Truly Strategic HR/Closing