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Essentials of Compensation & Benefits:Are you making the best use of your C&B function ?

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Information about Essentials of Compensation & Benefits:Are you making the best use of...

Published on December 9, 2013

Author: IIRME

Source: slideshare.net

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Essentials of Compensation & Benefits
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Essentials of Compensation & Benefits : Are you making the best use of your C&B function ? – part 1 Presented by Sandrine Bardot Consultant, Trainer, Speaker, Blogger Former SVP, Head of Performance & Reward, Mubadala sandrine@compensationinsider.com

The world is changing 2 © 2013

Up, down and back up 3 © 2013

Walls are crumbling 4 © 2013

5 © 2013

Today’s story 6    © 2013 From job descriptions to salary ranges C&B and Talent Acquisition Performance Management and salary reviews

Job descriptions, evaluations and grading 7 © 2013

Myth buster : you may not need traditional JDs 8 PM : set objectives It’s not in my JD ! Recruitment JDs © 2013

Grading 9    Multiple ways of performing job evaluations… Myth buster : What is the maximum number of salary ranges needed in an organisation ? Broad banding vs narrow banding – is there an alternative ? © 2013

Benchmarking- a BIG warning 10 © 2013

Salary ranges 11 © 2013

Salary structures 12  Should you pay in the same fashion at HQ and in the operating companies ?  A few myth busters :  Target position to market  Step, spread and symmetry  The role of stakeholders – an example © 2013

C&B and Talent Acquisition 13 © 2013

Referral schemes 14 © 2013

Package negotiation 15 © 2013

Performance Management 16 © 2013

PM : the old and the new 17  Traditional considerations in PM :  How many points on your rating scale ?  “Everybody hates peer ranking !” - Do we really ?  Calibration  … And the new kids on the block :  Can performance management be based on competencies ?  Social performance management © 2013

Salary reviews and promotions 18 © 2013

Out of the box thinking for your merit matrix 19  Comparatio (CR) and Market Ratio (MR) : why CR is not always best  Design principles  Impact of headcount distribution by comparatio and performance rating © 2013

Promotions : food for thought 20    Eligibility is a hurdle or prerequisite… not a guarantee ! Do you promote the individual only, or also for the job ? Tightening or loosening the belt – is it necessarily “all or nothing” ? © 2013

What’s next ? 21  Explore the free resources (next slide) and listen to the replay  Send us your questions :  sandrine@compensationinsider.com  ramy.bayyour@iirme.com  © 2013 Stay tuned for part 2 ! January 2014

Free resources 22  http://compensationinsider.com/all-youneed-to-know-from-compensation-surveysto-salary-ranges-and-salary-review/  http://compensationinsider.com/all-youneed-to-know-common-pay-challenges-andhow-to-handle-them/ © 2013

Thank you ! 23 Sandrine@CompensationInsider.com 240+ free articles on C&B ! Subscribe at: http://CompensationInsider.com Sandrine Bardot Consultant, trainer, speaker, blogger © 2013 Check my profile on LinkedIn for Recommendations, Expertise and free presentations. Twitter : @CompInsider

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