A Reward System in an organisation must be linked and driven by its performance and productivity. This course will be useful for employers and employees who are managing, directly or indirectly handling the Reward System in your organisation. We are introducing and covering the Flexible Wage System (FWS) which includes its philosophy, development, and implementation into an organisation.
The contents are specifically designed to first provide participants with a clear understanding of the mechanisms of the FWS and will subsequently cover the practical steps of how to implement such a system in an organisational context. Finally, we will cover the necessary steps to link high performance and productivity to such an FWS.
At the end of the course, participants would be well equipped with the necessary knowledge and understanding on how to implement the FWS into an organisation.
Who Should Attend
- Heads of Departments, Compensation & Benefits Managers, Executives and Officers, HR Senior Managers, HR Managers, HR Executives and Supervisors or any managers/executives who have responsibilities in manpower resources, Operations, Manufacturing, Supply Chain and any equivalent nature of work. Those who desire to undertake or embark on a flexible-wage approach to rewarding your employees are also welcomed.
By the end of the workshop, participants will be able to:
- Achieve a High-Performance Culture and Sustainable Productivity through the implementation of FWS
- Connect the FWS Compensation System to Flexi-Work & Performance Management in the New Normal
(a) The Overview and Interpretation of FWS
- What constitutes FWS?
- The Driving forces of FWS
- The 3 key components of FWS
- National Wage Council (NWC) Guidelines
(b) How to implement FWS in your organisation
- Developing a Timeline for implementation
- Immediate, Short-term and long-term actions that can be taken
- Clear communication to employees, particularly on Annual Variable Component (AVC) versus Monthly Variable Component (MVC)
(c) Performance Management and Productivity as key enablers of FWS
- Link performance to Strategy
- Building Capability
- Reinforce the Forced Distribution (relative approach)
- Developing a Performance Measurement System
(d) Linking High Performance outcomes to FWS
- Understanding the Purpose, Philosophy, Principles and Metrics
- Developing a Performance Management Framework
- Linking Employee Rewards to High Performance and Outcomes
Lecture, activities, group discussions and quizzes
Dates: 17 & 19 August 2022
Wednesday and Friday
Time: 9.00am to 5.30pm
(Registration starts at 8.45am on the first day)
SHRI Members: S$650.00
(Sign up for SHRI Membership to enjoy $100 off course fee!)
(Course fee is subject to 7% GST)
Limited Seats only, sign up now to avoid disappointment!
*Grant amount indicated here does not include absentee payroll (AP) funding as this is dependent on the trainee’s hourly basic salary (other than for trainees supported by surrogate Employers, where AP is computed on flat rate independent of salary).
Mr Daniel Chew is a strong, analytical thinker & a disciplined learner. He is multi-specialised in HRM, Organisational Psychology, Business, Engineering, Logistics and Education. He has 20 years of experience in lecturing, training & consulting services and prior to that, 22 years of industrial experience. Daniel is a IHRP certified Senior HR Professional and conducts training and lectures in the areas of Human Resources, Logistics, Statistics and Project Management with several Private Educational Institutions in Singapore.
Daniel has four Master Degrees which include a double Masters in Human Resources. As a Corporate Consultant in OD/HRD, Compensation Systems & Logistics, Daniel has garnered more than 2,600 corporate consultancy and training hours to his credit. A significant part of his work includes salary designs, PDPA implementation, Data Analytics and the development of HR processes, including Employee Handbooks. In 2013, he authored, “Land Transport: A Definitive Practitioner’s Guide” published by SPH, Singapore.