This workshop covers the fundamentals of compensation systems, including: the importance of compensation and rewards for organizational success, compensation system components (base pay, performance-based pay and benefits), legal considerations, as well as non-financial rewards and other aspects of total reward systems. A strategic framework for compensation is developed and relevant theoretical explanations offered on why compensation may (or may not) motivate desired employee behaviours.
Participants will also get an opportunity to design the base pay structure for an organization. This includes doing the job evaluations, conducting market pay research, and developing the resultant pay grades and ranges.
- The components of compensation systems: base pay, pay-for-performance and benefits
- The importance of using a strategic approach in designing compensation systems
- Relevant compensation theories
- Relevant laws related to organizational compensation systems in Canada
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; union officials.
About the presenter: Parbudyal Singh
Parbudyal Singh is a Full Professor and former Director of the School of Human Resource Management at York University. Prior to York, he was the Associate Dean of the School of Business, University of New Haven, Connecticut. He also taught at McMaster University. Dr. Singh has won numerous scholastic awards, national research grants, and several teaching and research awards.
Dr. Singh's research covers a broad array of management issues, especially those related to the effects of the changing business environment on human resource management and industrial relations. He has more than 100 refereed publications, including articles in top journals such as Industrial Relations, Journal of Business Ethics, The Leadership Quarterly, Human Resource Management, International Journal of Human Resource Management, and Human Resource Management Review. He is a co-author of Managing Human Resources (7th Canadian Edition, published by Nelson, 2013), a leading textbook used in Canadian universities and colleges.
Dr. Singh has worked as a Human Resources and Industrial Relations manager in a large manufacturing company. He has offered advice to more than 30 of Canada’s leading organizations. He is actively involved with projects with both the HRPA and the Pay Equity Commission. He was appointed by the Minister of Labour (Ontario) to the Gender Pay Gap Steering Committee in March 2015; the Committee’s mandate is to recommend a strategy that will close the gender pay gap in Ontario.
Learn more about Compensation 201 Workshop please click here