|
Wage Restructuring
for Long Term Company Viability (HRM106)
Revitalisation of business today rests
increasingly on the empowerment of employees. It will be beneficial for
companies to encourage entrepreneurial initiative in the workplace and
allow employees to feel like partners of the company. In view of this,
our traditional reward systems will have to be reviewed for long-term
company viability.
This
two-day workshop will guide participants to rethink and review wage
restructuring in their workplace and utilise a wide variety of
innovative rewards linked closely to business strategy and supported by
multiple and frequent measures of performance.
Outline
Day 1
-
Understand the fundamentals of reward systems
-
What
is strategic reward system
-
Making
pay contingent on achievements and performance
-
Leading edge reward systems in a changing workplace
-
Company culture and wage restructuring
-
Determine all the costly fault-lines of your reward systems
Day 2
-
Case
study: Wage restructuring the Singapore’s experience
- Introduction to wage systems in Singapore
-
Understanding wage systems of the public sector and the private sector
-
National Tripartite Body
-
National Wage Council and its role in driving economic and wage
restructuring
-
Central Provident Fund and its social objectives
- Wage reform during recessions
-
Base-up wage system and its operations
-
Correction of salary ranges to reflect and pay for job worth
-
Monthly Variable Component and its operations
-
Annual Wage Supplement and Bonus
-
Wage reduction and restoration
-
Union’s and Management role in the wage restructuring
-
Removing costly fault-lines of your current reward system
-
Implementing wage restructuring in your work place
-
Wage
restructuring is a quality programme
Methodology
-
Discussion/ sharing of experience
-
Case
studies
-
Games
Who Should Attend
Company CEO, Directors, Senior Managers, Managers and officers involves
in Human Resource Management and / or Compensation and Benefit
Management.
Date
10
to 11 March 2008
10
to 11 June 2008
11
to 12 September 2008
2 to 3 December 2008
Duration
2 days (9am-5pm)
Venue
SHRI, The Verge, Level 6
Fees
|
SHRI Member |
S$630.00 |
|
SHRI Corporate
Friend* |
S$675.00 |
|
Non-Member |
S$733.00 |
All fees quoted exclude 7% GST. *Non-nominees
For further information, please contact Ms Canny Jeo via phone (65) 6438
0012, fax (65) 6299 4864, or email
canny@shri.org.sg
Return to Overview of Public Workshops
|
