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Drawing Up Salary Structures, Compensation & Benefits Plans

15-16 Jul, 2020, PULLMAN KUALA LUMPUR BANGSAR

IPA Training is Registered with

Venue Details

PULLMAN KUALA LUMPUR BANGSAR
No 1 Jalan Pantai Jaya Tower 3, 59200 Kuala Lumpur,

Click For Hotel Location


Phone : 0322981888

Contact us

FOR COURSE DETAILS

Juliany,

Office: 03 2283 6109

Mobile: +60 122281247

juliany@ipa.com.my

Phoebe,

Office: 03 2283 6100

Mobile: +60 193637822

phoebe@ipa.com.my

Bee Teng,

Office: 03 2282 6112

Mobile: +60 172566121

beeteng@ipa.com.my

FOR CUSTOMISED IN-HOUSE TRAINING

ADDRESS

A-28-5, 28th Floor, Menara UOA Bangsar,
No.5, Jalan Bangsar Utama 1,
59000 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

COURSE LEARNING OUTCOMES (CLO)
  1. Identify jobs for internal equity and overview
  2. Describe job grades, pay grades and salary structures
  3. Use performance appraisal ratings to match salary increases and bonuses
  4. Identify an equitable incentive scheme such as profit- sharing and gain-sharing plans
  5. Follow drawing up 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