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Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation
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Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation

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  • 1. COMPENSATION Presenter - Marvin Johncilla HUMAN SYSTEMS LIMITED HRMATT’s 9th Biennial Conference Hilton Trinidad & Conference Center May 14, 2013
  • 2. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 TRADITIONAL APPROACHES Trust 1 Unions Market Parity External Compensation Job Evaluation 4 2 3
  • 3. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 TRADITIONAL APPROACHES… CHALLENGES 1 Place Specific Internal Equity Rewarding Individual Performance Flat-rate Valuation 4 2 3
  • 4. EMERGING COMPENSATION APPLICATIONS TRUTH HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
  • 5. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 EMERGING WORK DELIVERY CHALLENGES 1 New ‘work” protocols No defined work times No physical place called “work” Remote Locations
  • 6. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 EMERGING WORK DELIVERY CHALLENGES 2 Emergence of new “jobs” Jobs emerging with untraditional boundaries What is “work”
  • 7. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 EMERGING WORK DELIVERY CHALLENGES 3 Definition challenges Cannot be quantified Cannot be easily valued Knowledge Workers
  • 8. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 EMERGING WORK DELIVERY CHALLENGES Technology 4 Stress Decreased Loyalty Employees managing multiple commitments Work-Life Challenges
  • 9. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 EMERGING WORK DELIVERY CHALLENGES 5 Output-based Rewards Ability to differentiate efficiency from effective
  • 10. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 EMERGING WORK DELIVERY CHALLENGES 6 Different promotion expectations Different compensation expectations Young workforce Work Life values
  • 11. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS New agreed “value” of work Definition of work
  • 12. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Consultative Joint determination of compensation
  • 13. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Bonuses Incentive Remuneration Performance Related Pay Pay for results
  • 14. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Value-adding basis Managing talent Bottom line Input vs. Output
  • 15. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Broad- banding Reduction of grade drift Growth possibilities Flexibility
  • 16. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Value of Work Consultative Pay for results Value- adding basis Broad- banding
  • 17.  The future of Human Resources Management THE WAY FORWARD HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
  • 18.  What is required of HRM to receive prominence THE WAY FORWARD HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 Output , Resources & Results Expert Command of Work Processes Expert Command of Business Processes The human resource cost on the bottom line Managing poor productivity
  • 19. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 QUESTIONS & ANSWERS Marvin Johncilla MANAGING DIRECTOR #5 Fitt Street Woodbrook Trinidad Telephone: 1 (868) 625-6949; 1 (868) 624-8899 E-mail: humansystems@hslcaribbean.com Website: www.hslcaribbean.com Facebook: Human Systems Limited Management Consultants.

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