Workshop: Mercer College | Maximizing the Value of Remuneration Surveys, Indonesia

Develop a thorough understanding of the Indonesian market by examining economic growth, hiring trends, and compensation dynamics to make effective use of salary survey results. This program addresses the fundamentals of salary surveys, including participation, data interpretation, and competitive pay analysis, while highlighting the significance of remuneration philosophy and the 3P Compensation Management approach.

Workshop details:

Gain a comprehensive understanding of the Indonesian market by focusing on economic growth, hiring trends, and compensation dynamics to effectively utilize salary survey results. This program covers the essentials of salary surveys, including participation, data interpretation, and competitive pay analysis, while also emphasizing the importance of remuneration philosophy and the 3P Compensation Management approach. Participants will enhance their HR skills through practical Excel exercises designed to streamline data analysis and presentation in their daily work.

What you will learn:

Understanding the Indonesian Market: A brief overview of the Indonesian market (i.e., economic growth, hiring and attrition, and compensation trends) to provide background on how these factors relate to and inform the utilization of salary survey results
Salary Survey 101: Understand why and how to participate in a survey, interpret survey statistics correctly to assess external competitiveness, and identify a company’s overall pay levels relative to its competitors. Participants will learn the basic concepts of salary surveys, statistical methodology, job weighting related to pay, and how to present remuneration data in the salary survey. Some exercises are included.
Analyzing Market Data: Learn what to look for in remuneration surveys, how to interpret survey results, and the importance of reward principles and remuneration philosophy. This section will allow participants to identify and interpret key information in remuneration surveys in the context of their company
Compensation Management: Learn how to integrate all aspects of human resources management, understand the principles of the 3P Compensation Management approach, and introduce the components of 3P compensation. This section will enable participants to understand the approach to pay using the 3P concept.
Exercise – Excel for HR Practitioners: Introduce Excel skills that can be incorporated into daily work (i.e., functions, formulas, data formatting, charts, and presenting analysis results).

Workshop Agenda:

8.30 – 9.00 Registration
9.00 – 9.15 Introduction
9.15 – 10.15 Understanding the Indonesian Market & Salary Survey 101
10.15 – 10.30 Break
10.30 – 12.00 Analyzing Market Data
12.00 – 13.00 Lunch
13.00 – 15.00 Compensation Management – Pay for Position, Person, Performance (1/2)
15.00 – 15.15 Break
15.15 – 16.00 Compensation Management – Pay for Position, Person, Performance (2/2)
16.30 – 17.00 Exercise

Please note that the workshop will only proceed if a minimum of 10 participants is reached. For more information, please contact dina.sulistiyorini@mercer.com or citra.oktaviani@mercer.com