Designing Compensation Systems to Deliver Performance

Overview

This workshop is designed to provide participants with guidance on the approaches that can be adopted to design and manage compensation systems that will contribute to improving organizational, team, and individual performance while respecting and catering to the needs of employees.

The theme of this workshop is: "Compensation Delivers Performance." Adopting a philosophy of total compensation management, an integrated approach to compensation, designed to enhance engagement by responding to individual as well as organizational needs and making appropriate use of both financial and non-financial rewards. This concept is in alignment with the new performance and compensation management model that views compensation management as the corner stone for a high performance culture. It delivers programmes that recognize and reward critical skills, capabilities, experience and performance and ensure that compensation systems are market based, equitable and cost effective and aligned to the organisation's strategic direction.

Target Audience

The workshop is geared towards human resource practitioners, trade unionist and any professional who participates in an organisation’s compensation management decisions.

Learning Objectives

On completion of this workshop, participants will be able to:

  1. Recognise the strategic importance of Compensation Management in an organization.
  2. Explain the importance of valuing people and their jobs. 
  3. Describe how total compensation systems operate.
  4. Recognize the impact of compensation systems on performance.
  5. Describe the factors that affect pay levels within the organization.
  6. Recognise the importance of consistently monitoring the effectiveness of an organisation’s compensation system. 

Methodology

To support our instructional approach, we will also use:

  • Lectures
  • Power-point presentations and handouts
  • Group activities
  • Inter-active lecturettes
  • Participants’ workbooks
  • Individual and group discussions

Details

Date View Event Calendar
Time 8:30 pm – 4:30 pm
Duration 2 Days
Cost TBA (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope

Contact

Tel: 645-6700
Fax: 662-1411

Coordinators:

Tamara Edwards - ext. 157
Rameshwar Santlal - ext. 123

E-mail:  openenrolment@lokjackgsb.edu.tt

Certification

Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.

 

  

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