COMPENSATION
Presenter - Marvin Johncilla
HUMAN SYSTEMS LIMITED
HRMATT’s 9th Biennial Conference
Hilton Trinidad & Confere...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
TRADITIONAL APPROACHES
Trust
1
Unions
Market Parity
External Comp...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
TRADITIONAL APPROACHES… CHALLENGES
1
Place Specific
Internal Equi...
EMERGING COMPENSATION APPLICATIONS
TRUTH
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
EMERGING WORK DELIVERY CHALLENGES
1
New ‘work” protocols
No defin...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
EMERGING WORK DELIVERY CHALLENGES
2 Emergence of new “jobs”
Jobs ...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
EMERGING WORK DELIVERY CHALLENGES
3
Definition challenges
Cannot ...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
EMERGING WORK DELIVERY CHALLENGES
Technology
4
Stress
Decreased L...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
EMERGING WORK DELIVERY CHALLENGES
5 Output-based Rewards
Ability ...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
EMERGING WORK DELIVERY CHALLENGES
6
Different promotion expectati...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
SOLUTIONS
New agreed
“value” of
work
Definition
of work
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
SOLUTIONS
Consultative
Joint
determination
of
compensation
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
SOLUTIONS
Bonuses
Incentive
Remuneration
Performance
Related Pay
...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
SOLUTIONS
Value-adding
basis
Managing talent
Bottom
line
Input vs...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
SOLUTIONS
Broad-
banding
Reduction of
grade drift
Growth
possibil...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
SOLUTIONS
Value of
Work
Consultative
Pay for
results
Value-
addin...
 The future of Human Resources Management
THE WAY FORWARD
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
 What is required of HRM to receive prominence
THE WAY FORWARD
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
O...
HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
QUESTIONS & ANSWERS
Marvin Johncilla
MANAGING DIRECTOR
#5 Fitt St...
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Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation

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Emerging Compensation Challenges & Solutions - HRMATT 9th Conference Presentation

  1. 1. COMPENSATION Presenter - Marvin Johncilla HUMAN SYSTEMS LIMITED HRMATT’s 9th Biennial Conference Hilton Trinidad & Conference Center May 14, 2013
  2. 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. 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. 4. EMERGING COMPENSATION APPLICATIONS TRUTH HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
  5. 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. 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. 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. 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. 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. 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. 11. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS New agreed “value” of work Definition of work
  12. 12. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Consultative Joint determination of compensation
  13. 13. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Bonuses Incentive Remuneration Performance Related Pay Pay for results
  14. 14. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Value-adding basis Managing talent Bottom line Input vs. Output
  15. 15. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Broad- banding Reduction of grade drift Growth possibilities Flexibility
  16. 16. HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013 SOLUTIONS Value of Work Consultative Pay for results Value- adding basis Broad- banding
  17. 17.  The future of Human Resources Management THE WAY FORWARD HRMATT’s 9th Biennial Conference – May 13th & 14th, 2013
  18. 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. 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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