1. Introduction to Compensation Management:
– goals and functions
- labor costs vs. wage fund
- "cash income", "salary", "wage", "compensation"
- salary functions
2. Formation of a strategy for managing total income (Total Reward Strategy):
— principles of building a reward system
— structure of total rewards
— tasks of the components of total rewards
3.Individual task: Development of total rewards architecture.
Formation of a permanent (fixed) part of wages:
— job analysis, job description
– preparation for assessment, selection, description and weighing of factors, development of a scale
— conducting job evaluations
- grading
— development of the salary structure
4. Work in groups: Formation of a fixed part of the salary for the position.
5. Formation of the variable (changeable) part of the salary:
— Performance Management system (MBO, KPI)
— Balanced Scorecard (BSC) system
— deprecation system
— integration with the reward system, criteria and restrictions
6. Work in groups:
- Decomposition of goals (company - division - department - employee).
- Development of a KPI matrix for the position.
- Development of a strategic map (SSP).
- Formation of the deprecation algorithm.
- Additional types of rewards:
— long-term premium plans
— compensation and incentive payments
— benefit systems
— connection of the reward system with employee development
7. Group work: Development of schemes for additional rewards.
- Intangible Incentives:
— Personal Balanced Card (PBSC)
— talent motivation
8. Individual task: PBSC development.
- Implementation of the reward system:
— stages of creating an integrated system
— factors of successful implementation of the system
— preparation and conduct of Performance Review
— analysis of results and decision making
– giving / receiving feedback
You need to take the organizational structure of the company with you.
