Compensation Management Quantitative Series 1: Quantitative Tools For Compensation Practitioners

At the end of the course, participants will acquire the knowledge/skills in using the quantitative tools to manage salary progression (including matrices to guide payment of annual increment) as well as salary range design issues.

These tools are also useful in constructing and designing salary structure on your own. Both concepts of these tools and their practical applications will be demonstrated in this workshop

The topics/modules covered are:

1. Goals of compensation management
2. Concepts of internal, external, individual & process equity
3. Total compensation plan
4. Salary range design
5. Range ratio
6. Spread
7. Job worth
8. Salary structure
9. Salary progression
10. Compa-ratio
11. Penetration ratio
12. Market ratio
13. Annual increment matrix

Compensation practitioners and human resource practitioners