Advanced Certificate in Future Ready Rewards Strategies Module 3: Future of Base Pay
Training Provider: SINGAPORE MANAGEMENT UNIVERSITY
Course Reference: TGS-2023021306
S$600
Original: S$2,000
Save S$1,400
About This Course
At the end of the 2-day module, participants will be able to:
• Understand the assumptions underlying current base pay structures and processes, and identify when alternative or modified approaches are needed or is advantageous.
• Develop policies and tools to determine effective and fair base pay for non-employed (contract) workers, including HR and payroll record keeping
• Develop policies and tools to determine appropriate base pay for employed remote workers
• Modify job evaluation systems to accommodate flexible, agile job designs
• Develop global and regional salary ranges to accommodate large numbers of global remote workers in several countries
What You'll Learn
Base pay or base salary is traditionally differentiated based on a defined “job scope,” job level, performance, experience and other factors. These time-tested approaches however, do not work well for flexible “agile” roles, gig/fixed-term workers, open-ended independent contractors, remote and mobile workers. This module aims to explore the limitations of prevalent base pay structures and decision processes including offers, review, promotion and off-cycle adjustments; and presents principles and methods to help guide base pay for non-traditional work arrangements. We look at structural alternatives using geographic differentials, Compa-ratio transfer, wide ranges, dual ranges as well as pure value-for-money negotiation, and flexpay wherein pay mix is negotiable.
Entry Requirements
A diploma
Course Details
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