This workshop will provide participants with advanced knowledge on compensation systems in Canadian organizations, with a focus on design, implementation and evaluation. The program cover skill-based/competency-based pay systems, the design of both individual and group performance-based pay systems, and benefits systems (both mandatory and discretionary). The main focus will be on design issues, including eligibility, structure, participatory mechanisms and implementation.
- The importance of the various components of pay systems in Canada
- How to design a variety of pay systems, including base pay, performance-based pay and benefits
- Learn when and under want conditions these pay systems will have optimal value for organizations
- Learn research evidence on the use/effectiveness of these pay systems
- Relevant laws concerning compensation
- How to implement and evaluate pay systems
Who should attend:
HR Professionals involved/interested in their organization's compensation function; those aspiring to become compensation experts; HR professionals studying for certification-based examinations; those involved in pay equity – including employees in both the private and public sectors; and union officials.
8:30am – 9:30am: Review of ABC Inc case (students will study this case offline/asynchronously; it will be sent to them before the live class)
9:30am – 11:00am: Live/synchronous class starts; review of concepts and components; design of strategic compensation systems
11:00am – 11:15am: Break
11:15am – 1:00pm: Base pay exercise in class by Zoom; students to work in groups; pay equity
9:30am – 10:30am: Market pay/regression analysis
10:30am - 10:45am: Break
10:45am – 11:30am: Performance pay; video exercise
11:30am – 1:00pm: Benefits; putting the total rewards system in place
Registration Difficulties/Questions: Please reach out to the Professional Development team at Professionaldevelopment@hrpa.ca.