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Track 3: Total Rewards System: Designing Your Compensation and Benefits Structure

Monday, 03 February 2020 06:40 Written by 
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True to its commitment to building people and institutions, AASHPI will once again collaborate with experts to share their knowledge and perspective through our February 2020 Learning Sessions which will be held on February 20-21, 2020 venue at The Amphitheater, LPU Culinary Insitute beside The Bayleaf, Intramuros, Manila.

COURSE DESCRIPTION:

Compensation is a very important driver for employee retention. There are two viewpoints to consider in the creation of the compensation package. First is the employees’ viewpoint: Compensation is a major source of their job satisfaction and it is equally important that they receive what compensates to the effort, sacrifices, and work that they pour into their job. Second is the management's viewpoint which ensures that the pay they provide to their employees yields high returns and at the same time contributes to the achievement of their organization's objectives. These two viewpoints should go hand in hand. It helps the institution continue to attract and retain quality employees and maximize the human capital investment. A well-designed compensation and benefits structure can attract and motivate employees to add value to an organization, thus, maintaining a competitive and sustainable advantage.


 
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Excellence and Innovation in People Management
Read 434 times Last modified on Monday, 10 February 2020 07:30

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