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Event Details

Language: Cantonese

Date: (Cantonese) Tue, 16 Jun, 2020 (15:00 – 16:00)

Duration: 60 minutes

Human cost is often the largest cost of doing business, potentially accounting to up to 70% of total business costs. In this highly volatile economy hampered by the COVID-19 and the US-China tensions, businesses are now more than ever in need of controlling their human cost while being able to motivate and reward performance. At the same time, employees are asking questions about their job, future, and whether their employers can compensate and reward their efforts.

In this webinar, we will look at how you can develop a "pay-for-performance" strategy that respects the P&L while encourages performance and creates growth partners.

What the webinar entails:

  • The common pay designs and their limitations here and now
  • The total rewards concept
  • Pay-for-performance strategy
  • Setting a competitive salary level
  • Designing a "self-sustaining" reward / incentive plan
  • Examples of alternative to the common pay designs

Key Take-aways:

  • Diversify your reward portfolio for a more balanced strategy that protects your business baseline while encourages and rewards your employees
  • Create a performance-driven culture with a "pay-for-performance" package that is "self-sustaining"