Virtual Workshop, Malaysia: Fundamentals of Compensation And Rewards Analytics Using Excel

In today’s competitive and volatile business environment, the Human Resource function is called upon to make accurate and competitive total rewards decisions based on sound analysis and interpretation of available information. The understanding and analysis of market trends are critical to effective benchmarking, thereby allowing organizations to attract and retain the best talent pool available. Companies are competing with one another to offer innovative compensation package to attract key talent, but these programs can be costly if implemented and designed incorrectly.

This workshop will provide you with an all-round understanding of compensation and strategy and offer guidance for practical execution and management in your organization. And learn skills to manage data efficiently using Excel, from HR data analysis to day to day reports, tools and application.

What will the workshop cover?

• Context of compensation philosophy, strategy and rewards elements.
• Effective ways to exercise different approaches for compensation management including remuneration surveys.
• Application of benchmarking results in pay structure design, pay progression and managing the pay review.
• Guide to implementation of rewards program.
• Excel skills to manage HR data efficiently.
• Compiling and analyzing compensation data from multiple resources.
• Create, design and format excel spreadsheet for reporting and forecasting.
• Case study

What will you learn?

• Keep up with market changes to design attractive pay packages.
• Enhance your knowledge and understanding of various survey reports and their applications.
• Apply and leverage survey results to your compensation planning.
• Utilize survey data to manage talent through benchmarking.
• Learn Excel skills to manage HR data efficiently.
• Learn how to make the best use of important formulas.
• Using Excel for data analysis