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PPT3-STUDS-Comprehensive-Guide-to-Compensation-Management

This comprehensive guide to compensation management covers essential strategies for effective compensation in today's business environment. It includes topics such as job analysis, designing compensation systems, legal aspects, employee benefits, incentive plans, and ethical issues. Additionally, it addresses global compensation trends and their impact on local practices.

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tiburciojohn39
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3 views

PPT3-STUDS-Comprehensive-Guide-to-Compensation-Management

This comprehensive guide to compensation management covers essential strategies for effective compensation in today's business environment. It includes topics such as job analysis, designing compensation systems, legal aspects, employee benefits, incentive plans, and ethical issues. Additionally, it addresses global compensation trends and their impact on local practices.

Uploaded by

tiburciojohn39
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Comprehensive Guide

to Compensation
Management

Welcome to our in-depth exploration of compensation


management. This course will equip you with essential knowledge
and skills for effective compensation strategies in today's dynamic
business environment.
by RENATO L. VIROLA, Ph.D.
Job Analysis and
Evaluation
Understanding Job Analysis
Explore the role of job analysis in compensation and its methods.

Job Evaluation Techniques


Learn ranking, classification, point factor, and factor
comparison methods.

Practical Application
Conduct a simple job analysis for a university position.
Designing a Compensation System

Influencing Factors
Key Elements 1
2

Performance Systems 4
3 Pay Structures

Explore internal and external factors shaping pay decisions. Design pay grades, ranges, and bands.
Legal and Regulatory
Aspects

Philippine Labor Social Security


Laws
Labor Code, Minimum Wage SSS, PhilHealth, PAG-IBIG
Law, Wage Orders, contributions
Overtime Pay

Taxation
Understanding compensation taxation in the Philippines
Employee Benefits
Statutory Benefits Non-Statutory Benefits

SSS, PhilHealth, PAG-IBIG, 13th Month Pay Health Insurance, Retirement Plans, Wellness Programs

Design comprehensive benefits packages. Research top companies' offerings in the Philippines.
Incentive Plans and
Performance-Based
Pay

Overview of Incentive Plans

Types of Incentives

Linking Performance to Pay

Case Study Analysis


Compensation for
Special Groups

Executives Unionized Remote


Employees Workers

Diversity in
Pay
Ethical Issues in Compensation

1 Pay Equity

2 Ethical Decision Making

3 Administrative Challenges

Explore the role of ethics in compensation decisions and discuss ethical dilemmas.
Compensation and Employee Retention

Benefits

Compensation Recognition
2

1 3

Develop a retention strategy based on total rewards. Understand compensation's role in retention.
Global Compensation
Trends

1 Globalization Impact
Examine how global trends shape compensation systems.

2 Expatriate Compensation
Explore unique challenges in international assignments.

3 Cross-Cultural Differences

Compare global practices to those in the Philippines.

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