C L A R I D E N September 2012 Knowledge for the world business leaders

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1 C L A R I D E N September 2012 Knowledge for the world business leaders Implementing an Effective Compensation System: Linking Business Performance with Effective Reward Practices Faculty Director Edmond Ang Highly experienced authority on compensation and benefits with over 20 years of international experience Held senior positions with renowned Multi-National Companies like Motorola and Philips Electronics in Global and Regional Rewards Management roles Designed and implemented compensation programs for companies including Tiger Airways, STATS ChipPAC, NOL, Philips and Motorola Edmond Ang is a senior practitioner in Rewards management of more than 20 years. Edmond held senior positions with renowned Multi-National Companies like Motorola and Philips Electronics in global and regional Rewards management roles. He has also taught in SIM for over 8 years on Compensation & Benefits for HR executives across Asia. Edmond has designed and deployed numerous reward programs for MNCs in Asia as well as in the United States. These programs include merit pay plans, sales incentive schemes, performance management system, developing competency standards, variable pay plans, retention schemes, technical ladder structure and global assignment programs. As a highly experienced authority on compensation and benefits, Edmond has designed and implemented compensation programs for many Asia and global companies including Tiger Airways, STATS ChipPAC, NOL, Philips and Motorola. Edmond is a graduate of Rutgers University with Masters in Human Resource Management.

2 Implementing an Effective Compensation System F A C U L T Y D I R E C T O R Mr Edmond Ang Highly experienced authority on compensation and benefits with over 20 years of international experience Held senior positions with renowned Multi-National Companies like Motorola and Philips Electronics in Global and Regional Rewards Management roles Designed and implemented compensation programs for companies including Tiger Airways, STATS ChipPAC, NOL, Philips and Motorola Edmond Ang is a senior practitioner in Rewards management of more than 20 years. Edmond held senior positions with renowned Multi-National Companies like Motorola and Philips Electronics in global and regional Rewards management roles. He has also taught in SIM for over 8 years on Compensation & Benefits for HR executives across Asia. Edmond has designed and deployed numerous reward programs for MNCs in Asia as well as in the United States. These programs include merit pay plans, sales incentive schemes, performance management system, developing competency standards, variable pay plans, retention schemes, technical ladder structure and global assignment programs. As a highly experienced authority on compensation and benefits, Edmond has designed and implemented compensation programs for companies including Tiger Airways, STATS ChipPAC, NOL, Philips and Motorola. Edmond is a graduate of Rutgers University with Masters in Human Resource Management. E X E C U T I V E S U M M A R Y Program: Dates: Location: Implementing an Effective Compensation System: Linking Business Performance with Effective Reward Practices September 2012 (2 days) Early Bird 1 (Register & pay by 2 Aug 2012): S$2,550 Early Bird 2 (Register & pay by 30 Aug 2012): S$2,750 Regular Tuition Fee: S$2,850 For limited period only: Registration for 2 participants, 10% on 2nd participant. For limited time only by 2 Aug, registration for 3 participants, the 4th participant will receive a complimentary seat (one discount scheme will apply). Note: GST is applicable only to participants from Singapore registered companies. Program Essence: This comprehensive 2-day highly interactive executive program is intended to provide HR practitioners with the best practices on how to design and implement an effective compensation plan that is aligned with their organization s goal. An effective compensation or rewards plan is intended to engage, retain and motivate people talents to achieve organizational targets. This 2-day intensive and hands-on executive program will be led by Edmond Ang a senior practitioner in Rewards management of more than 20 years. Edmond held senior positions with renowned Multi-National Companies like Motorola and Philips Electronics in global and regional Rewards management roles. He has also taught in the Specialist Diploma Program in C&B at SIM for over 8 years. In this program, you will be engaged in simulations, group discussions, and real-life case studies to familiarize participants in the key principles and mechanics of a compensation system to ensure internal and external equity. Equity is a fundamental principle in winning the trust and commitment of employees. You will learn research that validates and sustain effective rewards systems and best practices adopted by MNCs on understanding how effective compensation plans are designed. Throughout the program, you will be challenged and will learn about new approaches in rewarding and engaging employees. You will be encouraged to form networks and learn from best practices as well as receive constructive feedback and insights from the faculty and fellow participants. At the end of the program, you will leave with specific action steps for deploying an effective total compensation/rewards system in the workplace. 1

3 P R O G R A M I N T R O D U C T I O N How do you implement an effective rewards system? Your success as a HR practitioner depends upon your ability to lead and influence the actions of others. Implementing an Effective Compensation System shows you how to use the fundamental principles in rewards to design and implement an effective system to engage employees in serving the goals of the organization. This program s active-learning approach blends interactive real world case studies, simulations and group discussions with hands-on experiences that put the principles into practice. The faculty will challenge you to examine your own organization objectives and understand why many of the current pay methods will not get you the results you need. You will learn to optimize your current rewards process in order to better engage and retain talents in your company. You will also learn the common pitfalls and mistakes made by organization in aligning their rewards programs to their business strategy. Alignment will enable you to increase business impact with a better focus of resources and management attention on key areas in the organization. Throughout the program, you will be introduced to new approaches and research on rewards practices, with constructive feedback and insights from faculty and fellow participants. This will enable you to leave with specification plans for deploying an effective total compensation system in your workplace. This executive program will empower you with the skills for diagnosis and design of effective rewards programs causing organizational change and improving people effectiveness. The deployment of innovative reward practices leading to the achievement of stretched goals becomes an inevitable outcome. K E Y T A K E A WAY S In this intensive two-day program, you will learn to: Understand the key principles in designing and implementing an effective compensation system Foster a culture of performance & excellence with cost-effective rewards Strengthen your diagnostics and design skills by working on real world case studies, such as Philips Electronics and other MNCs, with recommended methodologies and statistical analysis to guide in the process re-design. Be familiar with best practices in rewards and why they work with reliance on sound research rather than anecdotal evidence. Be familiar with relevant motivation theories that influence people behaviours at the workplace and learn to effectively apply these in the design of reward programs. Gain a deeper understanding of the various reward programs how and why they work in order to better appreciate application to your own circumstances. Establish an invaluable network of peers and experts in the rewards field so that you can tap into as and when needed. At the end of the 2-day, you will be able to confidently diagnose and articulate an effective rewards strategy and process to enhance business performance. P A R T I C I P A N T M I X This executive program is designed for Directors, Vice Presidents, Managing Partners, Senior Directors, managers of HR function, and HR/Rewards practitioners who have growing responsibilities in their organization and are seeking to deploy rewards to better leverage performance of their workforce as well as to retain talents and manage people with excellence Organization leaders who are leading and managing teams, and wish to learn the what, how and why of rewards processes in order to apply the appropriate programs to address getting the right behaviours at the workplace 2

4 T W O D AY A G E N D A DAY 1 - MORNING Total Rewards Components and objectives A definition of total rewards A brief history of pay and benefits from the industrial age to present day How globalization changed the rewards process Roots of Human Behaviour Basic Motivation Theory in rewards: Equity theory The war on talent Employment Value proposition Research that validates and sustain effective rewards systems Discussion on the state of rewards at your workplace: what works and what does not AFTERNOON Achieving external & internal equity Sizing or levelling of jobs Market Benchmarking and the statistical measures Salary structure and the mechanics of its design Mechanics of a sound salary structure to balance internal & external equity Practice on developing salary structure A model for applying a sound salary structure salary merit matrix & criteria for moving salary structure (i.e. mid-points, spread & progression) Case Study: Philips Electronics external equity dilemma DAY 2 MORNING Performance Management & Variable Pay designs (include the objectives of LTI programs) Fostering a culture of performance & excellence with cost-effective rewards The ideal performance management process/cycle Pitfalls in evaluation of performance The case for normalizing performance ratings & how to do this in an equitable manner Various types of variable pay and objectives How and when to use variable pay and the level of participation How does Long Term Incentives (LTI) affect long term behaviours? Case study on Variable pay programs AFTERNOON Winning the hearts of employees: Benefits, Emotional rewards Benefits and a brief history Why is this still a relevant reward to offer employees? Wellness & Medical benefits Benchmarking Benefits & its valuation Why emotional rewards? Breakthrough practices Communications regarding Summary Of Total Rewards received by employees Discussion with class on their experience and issues concerning Benefits & emotional rewards Registration begins at 8.30 am on Day 1. Program starts at 9 am on all days, and ends at 5pm. There will be breaks for midmorning refreshment, lunch and mid-afternoon refreshment. Programs, dates and locations are subject to change. 3

5 Implementing an Effective Compensation System: Linking Business Performance with Effective Reward Practices September 2012 Registration Page C L A R I D E N Knowledge for the world business leaders Booking Contact (Approving Manager) Mr/Mrs/Ms: Job Title: Department: Telephone: Fax: Organisation: Address: Postal Code: I would like to receive more information on hotel accommodation using Clariden Global corporate rate. Please register the following participant(s) for this Program: 1st Participant Name (Mr/Mrs/Ms): 2nd Participant Name (Mr/Mrs/Ms): 3rd Participant Name (Mr/Mrs/Ms): 4th Participant Name (Mr/Mrs/Ms): program FEES 1 st Early Bird Fee: S$2,550 (Registration and payment must be received by 2 August 2012) 2 nd Early Bird Fee: S$2,750 (Registration and payment must be received by 30 August 2012) Regular Fee: S$2,850 GROUP DISCOUNT: For 2 registrations from the same company and billing source, the 2nd participant enjoys a 10% discount. For registrations of 3 from the same company and billing source, the 4th participant receives a complimentary seat. One discount scheme applies per company. Note: GST is applicable only to participants from Singapore registered companies. Important Notice: Payments are required with registration and must be received prior to the Course to guarantee your place. Payment Methods By Cheque / Bank Draft: Made payable to Clariden Global Pte Ltd and mail to: 3 International Business Park, #04-31, Nordic European Centre, Singapore By Telegraphic Transfer to: Bank Name: DBS BANK Bank Branch Code: 027 Bank Address: 6 Shenton Way, DBS Building, Singapore Bank Account No: Bank Account name: Clariden Global Pte Ltd Bank SWIFT Code: DBSSSGSG Please note that all bank charges are to be borne by participants. Please ensure Clariden Global receives the full invoiced amount. Note: Please include invoice number on all payment types and your company s name in your payment instructions for our reference. Credit Card: To make payment by credit card, please call our client services hotline at WAYS TO REGISTER Fax: Call: Website: date AND location This executive program will be held at: September Orange Grove Road, Singapore Tel : Fax : Website : The fee for this two-day executive program includes all written materials, lunch and refreshments. how TO REGISTER AND PAY An invoice and registration confirmation will be sent within 7 days, please contact us if you have not heard from us within 7 days. Payment can be made by credit card, by bank transfer (for bank account details, please see payment details section of booking form) or by cheque made payable to Clariden Global Pte Ltd and posted to Clariden Global at: 3 International Business Park, #04-31 Nordic European Centre, Singapore ALL PAYMENTS MUST BE RECEIVED IN ADVANCE OF THE EVENT. accommodation Accommodation is not included in the program fee but you will be entitled to use our corporate rate for your accommodation. Information will be sent with the registration confirmation. sponsorship INTERESTED IN PROMOTING YOUR ORGANIZATION TO OUR PARTICIPANTS For more information on sponsorship, tabletop displays & insert opportunities, please contact Joanna Tan at or cancellations AND subsitutions PLEASE READ THE SMALL PRINT Once we have received your booking, the place(s) are confirmed. No refunds will be made for any cancellations, however, program credits of equivalent value only applicable for Clariden Global events will be provided. Credits can only be redeemed for 1 program and is valid for only one (1) year from date of issue. Substitution with a qualified candidate is allowed by providing at least 5 working days advance notice to Clariden Global. ALL CANCELLATIONS MUST BE RECEIVED IN WRITTEN FORM PLEASE NOTE: Clariden Global Pte Ltd reserves the right to change the content and timing of the programme, the speakers and the date and venue due to reasons beyond their control. If in the unlikely event that the course is cancelled, Clariden Global Pte Ltd will refund the full amount and disclaim any further liability. ENQUIRIES: If you have any queries about registration or payment please do not hesitate to contact our client services department on Visit us at for upcoming events FOR OFFICIAL USE FEE RECEIVED REFERENCE L9009S/BY/JT

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