3-P Compensation Management is a program designed to provide you with the strategies, techniques and processes you could leverage for attracting and retaining the best talent in a cost-effective way. 3-P framework enables you to pro-actively identify and address critical issues of attraction and retention in your organization's context. This workshop would also help you align your compensation strategy with your overall business strategy within the framework of your systems and processes. 

What our session will cover:

Compensation Policy Development

• Create philosophy to pay
• Analyze current practices vs desired objectives
• Relate internal policies to external market
  Establish guidelines for equality, competitiveness and motivation

Pay for Position

• Develop an equitable grading structure
• Create a reference salary structure
• Leverage compensation costs with market survey information

Pay for Person

• Determine competency requirements and employee capabilities
• Pay individuals based on their competency match with the position
• Identify and pay market premium for competencies in short supply in the market

Pay for Performance

• Design annual bonus and incentives plans that motivate staff
• Shift from merit salary increases to variable pay
• Create long-term reward plans - stock options, deferred compensation and phantom share plans

Attending this workshop will help participants:

• How to use this powerful and highly-effective tools to manage compensation
• How to develop a compensation policy that delivers the greatest value to the employee at the lowest cost to the company
• How to establish internally equitable and externally competitive grading and salary structures
• How to introduce competency and market-based pay
• How to implement incentives that motivate staff to achieve outstanding

Who will benefit from attending:

This workshop is designed for HR professionals, HR managers, and line managers who are actively involved in the development and implementation of compensation policies and practices.

Date & Time

Thursday & Friday, 26 - 27 November 2009

9:30am to 5:30pm

Venue

Hyatt Hotel

Off Western Express Highway, Santacruz (East),

Mumbai 400055

Fees

• Per participant: INR25,000 + 10.3% service tax

Facilitator

Shanthi Naresh

Confirmation & cancellation policy

Your registration is subject to acceptance by Mercer. You will receive confirmation of acceptance (or rejection) and further details close to the scheduled workshop date. Confirmation of the workshop proceeding is dependent on enrolments.

The workshop fees cover all tuition, documentation, lunches and refreshments. Participants are responsible for their own travel, accommodation and out-of-pocket expenses. Cancellations should be sent in writing to your Mercer College Coordinator. Cancellations received more than 30 days prior to the scheduled workshop date will be refunded in full. Cancellations received 30 days or less in advance of the workshop will not be refunded but it may be possible to reschedule to a later date (restrictions may apply).

You may nominate a substitute to take your place at any time before the start of the workshop. No-shows on the day of the workshop will not be refunded.

Mercer reserves the right to change or cancel any part of its published workshop due to unforeseen circumstances and to determine the suitability of any registrant to attend the workshop. Payment must be received in full before the start of the workshop. Please note that we reserve the right to refuse admission to the workshop if proof of payment has not been received. An invoice will be sent upon receipt of a registration form.