Design A Practical Salary Structure and Employees' Benefits Program For SMEs

Enhancing Your SME's Competitiveness in the Talent War with a Robust Compensation and Benefits Scheme

Background

In a competitive labor market, the Small-and-Medium Enterprises (SMEs) might not have the rich resources as larger companies in attracting and retaining talents. This puts SMEs in a disadvantaged position in the talent war.

Yet, the differentiated head start should not prevent SMEs in developing an effective compensation and benefit scheme in their bid to recruit and retain talents against larger companies. The first starting point is for enlightened SMEs to develop a useful and practical compensation and benefit scheme. Doing so is fundamental for SMEs in achieving organizational growth and business expansion. Without putting in place this scheme, SMEs will always be plagued by the difficulty in hiring staff and the concern of employees turnover.

This workshop will provide SMEs with a down-to-earth approach in designing a compensation and benefit system to enhance its competitiveness in recruiting and retaining its employees.

Course Objective

At the end of this workshop, participants should be able to :

• Interpret the concept and principles of an effective Compensation and Benefits system

• Understand the concept of job bands, job grades and salary ratio in designing a compensation and benefits structure.

• Develop a holistic approach to managing employees’ salary and benefits; and terms of employment.

• Rationalize the business cost of benefits in relation to investment vis-à-vis returns

Course Outline

Against the backdrop of SMEs’ operating environment, the workshop content are :

• Identify factors of an effective compensation & benefits program

• Examine the core principles of compensation and benefits system

• Apply the concept of job bands, job grades and salary ratio

• Design an easy-to-use yet practical salary structure

• Develop the employees benefit programme

• Analyze the real business cost of employees’ benefits

Who should attend

HR practitioners and business owners of Small-Medium Enterprises

Benefits of attending this course

• Knowledge of concepts and principle of developing an effective compensation and benefit program

• Understand the various terminology associated with compensation and benefit management; and

• Ability to develop a practical approach to compensation and benefit management in a SME space

Course Fees (Incl GST)

SCAL Member: $180.00

CIJC Member: $210.00

Non Member : $210.00

Speaker Profile

Mr Hubert KUM is currently the Principal Consultant of Elite HR Services Pte Ltd which offers HR consultancy services in addition to the company’s core business in the provision of recruitment and employment search services. His clients are mainly from the Oil and Gas, Manufacturing and Services sectors. Mr Hubert KUM has accumulated more than 20 years of human resources management experience serving the MNCs and SMEs SMEs (NTUC Income, Agility Logistics, Tally Solutions, Metal Component Engineering) in various industries. Leading a team of HR professional as Head of Department then, Mr Hubert KUM spearheaded the HR initiatives in the organizations that he worked with including the formulation of HR policies, reviewing of compensation and benefits programs as well as learning and development activities within those organizations. He is also a course facilitator with 15 years of lecturing experience at certificate, diploma and degree level in subjects such as Human Resource Management as well as Marketing and Business. He holds a Master in Business Administration (HR major) from the University of Central Queensland, a Graduate Diploma in Compensation and Benefits Management from the Singapore Institute of Management (SIM) and a Diploma in HRM from the then Singapore Productivity Board.