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Mercer Total Rewards Strategy (TRS) Program
This 5-workshop program provides an all-round understanding of compensation philosophy, strategy, and compensation and benefits elements. Learn about Mercer’s International Position Evaluation (IPE) methodology and its application. We will also provide you with practical tools and techniques on how to use MS Excel to manage day to day HR data analysis and reports efficiently.
2025 dates coming soon
Other programs:
Workshop 1: Building the fundamentals of compensation
Onsite
Price: SGD 1,200 + 9% GST
Online
Price: SGD 900 + 9% GST
- Overview of Total Rewards Framework
- Key principles for organizing and structuring compensation elements
- Overview of 3P Compensation concept - Pay for Position, Person and Performance
- Understanding of basic compensation terminologies and the use of survey data
- Compensation Analysis and Review
- Focus on Pay for Position – Overview on Job Evaluation, Grade Structure Design and Salary Structure Design
- Implementation guidelines
Workshop 2: Compensation benchmarking using Excel
Onsite
Price: SGD 1,200 + 9% GST
- Explore various algorithm, logical and text operations, sorting and filtering, lookup functions and charting tools in MS Excel used in typical day-to-day compensation benchmarking and management
- Compile and analyse compensation and benefits data from multiple sources
- Determine comparison ratio, pay-mix analysis, minimum and maximum of salary ranges and pay adjustment
Workshop 3: Salary structure and increment matrix
Online
Price: SGD 900 + 9% GST
- Understand the mechanics of designing a fit-for-purpose salary structure
- Deep dive into different approaches for planning annual increment budget
- Understand the objectives and rationale for conducting analysis to update compensation plans
- Includes hands-on case studies in salary structure design and development of annual increment matrix
- Designed to supplement theoretical and technical knowledge of grade levelling, and address challenges in implementing pay ranges across levels for attracting and retaining the modern workforce
Workshop 4: Job and career architecture
Online
Price: SGD 950 + 9% GST
Explore the fundamentals of job analysis and design, alongside the principles of organization grade structure design to support the increasingly diverse career aspirations of employees.
Workshop 5: IPE fundamentals
Onsite
Price: SGD 1,200 + 9% GS
Online
Price: SGD 950 + 9% GST
- Understand the differences between a role and a job
- Learn the steps to role analysis
- Fundamentals of job evaluation and principles of conducting evaluation interviews
- Science of Mercer IPE methodology
- Practice exercise of conducting evaluation across all 5 factors and 13 dimensions of IPE
- Overview on applications of job evaluation across HR and organizational processes
Online Onsite
You may register for any workshops across different programs.
- 4 workshops at 10% discount (Promo code: "SWS10")
- 5 or more workshops at 15% discount (Promo code: "SWS15")
Participants will receive individual certificate of attendance for the completed course.