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Successful Strategic Plan for Employee Compensation and Benefits

Date: 2025-05-16
Time: 9:30am – 5:30pm
Pricing: Member: HK$2,000; Non-member: HK$2,800

Language: Cantonese (with English materials)

 

Venue: HKIHRM, Units 1810-15, 18/F, Millennium City 2, 378 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong (3-minute walk from Ngau Tau Kok MTR station exit A)

 

 

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A meaningful C&B strategy that helps motivate staff to go the “extra mile” is essential for organisation success. This workshop will equip participants with knowledge and field-proven techniques to design a compensation system that helps align staff performance with corporate business strategies and advocate the “pay-for-extra” culture.

 

Outlines

 

  • Definition of compensation
  • Common types of compensation, benefits and non-financial rewards in the market
  • Aligning compensation strategies with business directives and corporate values
  • 5 factors to consider when developing compensation strategies
  • Introduction to strategic compensation management
  • Writing effective job descriptions for various positions
  • Conducting job evaluation step-by-step
  • Developing grade & salary structure
  • Analysing market pay trend data
  • How economic trend influences compensation design
  • Designing long-term and short-term incentive schemes
  • Linking the incentive scheme with performance measurement results
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