Drawing Up Salary Structures & Benefits Plans

24-25 Sep, 2018, Kuala Lumpur

FOCUSING ON
  • Introduction
  • Methods of Job Evaluation
  • Points Method of Job Evaluation
  • Pay Structures
  • Paying for Skills and Knowledge
  • Paying for Performance
  • Paying for Sales
  • Mandatory Benefits under the Employment Act 1955
  • Minimum Wages Order (latest)
  • Minimum Retirement Age Act 2012
  • Mandatory Benefits under Part-timers (Employment Act) Order 2010
  • Mandatory Benefits under Children and Young Persons (Employment) Act 1966
  • Discretionary Benefits
OVERVIEW

What Do Employees look for in an Organisation?
One of the main attractions for an employee in any organization is a good salary and benefits plan

They specifically look for:

  • A salary structure that reflects both fairness in relation to their work and to others in the organization
  • A salary structure that provides salary increases over time and on merit so that they can grow with the company as they continue to contribute more
  • A minimum salary and benefits plan according to the law
  • A salary structure and benefits plan that is comparable to what other employers provide so as to remain in the organisation

How Does This Course Help?

  • It shows you how to use the job evaluation methods to arrive at an equitable salary structure
  • It informs you of the minimum legal standards of salary and benefits
  • It shows you how to compare salaries with the market
  • It discusses the benefits in the market


WHO SHOULD ATTEND
  • HR Managers & Executives
  • Compensation & Benefits Specialists
METHODOLOGY

Presentations, Case-Studies, Interactive Discussions, Experiential Workshop Exercises

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Evaluating jobs for internal equity
  2. Establishing job grades, pay grades and salary structures
  3. Using performance appraisal ratings to match salary increases and bonuses
  4. Drawing up an equitable incentive scheme such as profit-sharing and gain-sharing plans
  5. Drawing up a plan for mandatory and non- mandatory benefits including a golden handshake plan
  6. Administering the benefits plans
DAY 1
9:00 INTRODUCTION
  • Components in a salary and benefits plan
  • What do employees seek in salary and benefits?
  • Equity in salary plan
  • Factors that influence drawing up salary structures and benefits plans
  METHODS OF JOB EVALUATION
  • Ranking
  • Paired comparisons
  • Forced choice
  • Factor Comparison
10:45 POINTS METHOD OF JOB EVALUATION
  • Type and description of compensable factors
  • Number of points
  • Degree of compensable factors
  • Survey of external market
  • Internal equity factors
  • HAY method
12.00 PAY STRUCTURES
  • Job grades and pay grades
  • Fixed scale / Pay ranges
  • Increment percentages and quantum
  • Paying for cost of living
1:00 Lunch

2:00

PAYING FOR SKILLS AND KNOWLEDGE

  • Stair model
  • Skills blocks model
  • Job-point accrual model
  • Cross-department model
 

PAYING FOR PERFORMANCE

  • Linking performance with rewards
  • Quantum of merit pay increase
  • Performance bonus
  • Profit sharing
  • Gain sharing
3:45 PAYING FOR SALES
  • Commissions
  • Service points
  • Components of pay for sales
5:00 End of Day 1
DAY 2
9:00 MANDATORY BENEFITS UNDER THE EMPLOYMENT ACT 1955
  • No of Annual leave days, PH, Rest days, Sick leave, Maternity leave
  • Rate of retrenchment & termination benefits
  • OT rates
10:45 MINIMUM WAGES ORDER (LATEST)
  • What is the minimum wages to be paid in west and east Malaysia?
  • Monthly rates, daily rates and hourly rates
  • Are foreigners also covered under the law?
12.00 MINIMUM RETIREMENT AGE ACT 2012
  • Minimum retirement age
  • Retirement age for employees on contract
  • Does this apply to foreigners?
1:00 Lunch

2:00

MANDATORY BENEFITS UNDER PART-TIMERS (EMPLOYMENT ACT) ORDER 2010

  • Definition of part-timer
  • Work-hours
  • Leave and PH
  • OT
 

MANDATORY BENEFITS UNDER CHILDREN AND YOUNG PERSONS (EMPLOYMENT) ACT 1966

  • Definitions
  • Work-hours
  • Limitation of contracts
3.45

DISCRETIONARY BENEFITS

  • Group insurance policy
  • Retirement benefits / golden handshake
  • Additional leave for special purposes
  • Additional benefits for special purposes
  • ESOS
  • Education benefits / Scholarships
  • Sundry loans
  • Perks & other benefits
  • Allowances for special purposes
  • Prolong illness leave
  • Paternity leave
  • Garden leave
5:00 End of Course

 

LEARN FROM THE BEST

Cyril Pagadala comes with more than 18 years of real hands-on work experience in Human Resource Management, Operations, Customer Service and Administration.

 

His work experience covers various industries such as the banking, manufacturing, hospitality and other service industries He has worked for both local and multinationals and in both small and large companies. His last position was as Director of Human Resource & Administration of a group of companies.

 

He has a BA in English and an MA in Human Resource Management. He is now a lecturer and corporate trainer for many years.

 

He has gone through the whole gamut of HRM functions including setting up the HR Department A-Z and company start-up operations with appropriate systems in a new organization as part of start-up operations.

 

One of his main functions has been compensation and benefits. He has established pay systems including job grades and pay grades and drawn up equitable compensation and benefits packages for various levels of employees. He has drawn up HR policies and administered the various benefits and perks.

 

He delivers and facilitates the courses in a simple, easy-to-understand way and willingly shares knowledge. Due to his real hard-knock work experience, he is able to provide many simple solutions to work challenges.

 

His participants range from CEOs, managers, executives, supervisors to clerks; and professional engineers, lawyers and computer specialists both local and foreigners. He has many repeat clients. Maybe this is due to his simple philosophy: “SHARE REAL WORK KNOWLEDGE”. Perhaps a cue may also be taken from a participant: ‘I NEVER KNEW THIS WAS SO EASY!’

 

He has trained small, medium and large local and multinational organizations from various industries. Some of them are:

 

Hospitality: Hotel Maya, Tanjung Rhu Resort, Equatorial Hotel, Shangrila Hotel, NIKKO Hotel, Country Heights Resorts, Kelab Sukan Cahaya, Nando’s, Mines Resort, Boulevard Hotel, Pacific Regency Apartments, STAR Cruises, Japan Travel Bureau (Japan Embassy); Medical: Hospital Pantai Indah, Subang Jaya Medical Centre, Optimax Eye Specialist Centre; Shipping: Kudrat Maritime, Global Airfreight, MISC; Car: Honda, EON, PERODUA, Swedish Motor Assemblies; Construction: Bumimetro Construction, YTL Land, Fujiya Constructions; Consultants: Job Street.com, Job Hunt, Eurogain Consulting; Education: INTI College, University Islam International; Banks: MBB, RHB, MBF Cards; Cosmetics: Clara International; Food: Cadbury, Dumex, Sara Lee, BABA Products; Insurance: Multipurpose Insurance, Takaful Nasional, Manulife; Technology: STT Technologies, Samsung Electronics (M), JVC Video (M), UPD Systems, Malaysian Biotechnology Sdn Bhd; IT: Oracle (USA), Orga (Germany) Petrol & Chemicals: Petrochemical, Petronas, Hitachi Chemical, Sime Kansai, CCM Chemicals; Electronics: Toshiba, Sony, Canon, Hitachi; Media: Redtone Telecommunications, STAR, NST; Tyres: Continental Sime Tyres; Steel: Prestar Steel Pipes, Perwaja Steel, Genting Sanyen, Ornasteel Enterprise Corporation; Voluntary: Malaysia AIDS Council; Manufacturing: Malaysia Newsprint Sdn Bhd, , BC Wonder Bowl, Schaefer Kalk (M), Guardian Venture (M), Sinora, Cargil Palm Products, Vacances; Government & GLCs: Dewan Bahasa dan Pustaka, Ministry of Local Government and Housing, Income Tax Board, Airod, Sabah Tourism Board, FELDA, Telekom Malaysia, TNB, Company Commission of Malaysia, EPF (Malaysia), EPF (Brunei).

 

VENUE DETAILS

Dorsett Kuala Lumpur
172 Jalan Imbi
55100 Kuala Lumpur

Phone :03 2716 1000

 

IPA TRAINING IS REGISTERED WITH

 

CONTACT US

Juliany, 
O - 03 2283 6109,
M - 019 3134436
juliany@ipa.com.my 

Michelle, 
O - 03 2283 6100, 
M - 019 363 7822
michelle@ipa.com.my 

For Customised In-House Training
Yvonne,
O - 03 2283 6101, 
M - 012 2011247,

F - 03 2283 6108
 
yvonne@ipa.com.my
 

ADDRESS 

A-28-5, 28th Floor, 
Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my