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Successful world-class organizations sustain competitiveness by implementing a compensation system that truly works. In a strong economy, you get to reward the right behaviors and output of your people.  In a downward economy, this is an effective way to stay afloat while keeping your best people in the company.  To learn about this, the Center for Global Best Practices (CGBP) is launching a pioneering seminar entitled, Best Practices in Performance-Based Compensation to be held on Thursday and Friday, May 5 & 6, 2016 at the EDSA Shangri-La hotel, Mandaluyong City, Philippines. 

In this two-day comprehensive seminar, you will learn the best practices on how to develop a robust Performance Management System (PMS) that is easy to implement, fair, equitable and will motivate all employees of all levels to perform at their best.  You will also learn how to link PMS to the organizational strategies, directions and values to ensure that all employees are moving towards attaining of the company’s objectives. You will discover how to develop subsystems that support and strengthen the PMS and how to use performance measure calibration systems, performance improvement aimed at improving poor performers, individual development plans and more! CGBP will share with you examples of the different aspects of compensation, such as basic pay, variable pay, short term bonuses, and long term incentive plans. Most importantly, it will provide you different alternative strategies for each one of these compensation elements that you can customize to your organization’s compensation system to better enhance your PMS.  This program is never really taught in schools and held only once a year.

For more details about this program and other upcoming best practices seminars including Best Practices in FamilyBusiness Governance and Crafting Family Constitution (April 30), Write Rightfor Positive Results! (June 23), Best Practices for Manager of Managers (July 27), Best Practices on How To Conduct Strategic Planning and Prepare StrategicAction Plans (Aug. 11) and many more, visit www.cgbp.org or call (02) 556-8968 /69 (Manila); (032) 512-3106 /07 (Cebu); (074) 423-5148 (Baguio) and (052) 736-0148 (Legazpi City). 

This will feature Robin Michael L. Velasco who was the HR Vice President for 6 years of the Metro Pacific Investments Corporation (MPIC) -- which is the holding company of the Philippine’s largest power distribution company, 10 of the largest hospitals, the largest Toll Road Network, Water Distribution Company and Light Railway Transit I. He led the development and implementation of a totally new Performance Management System, Performance-Based Bonus Scheme, Long Term Incentive Plan (Stock and Cash), and Compensation and Benefits Structure of the organization. Prior to this, he was the HR Director for Asia in Synovate (Global Market Research firm), leading the HR Function for 12 Asian countries (2007 to 2008) and was HR Director, Talent Management for Asia Pacific, for Johnson and Johnson from 2005 to 2007.  Interested participants are encourage to enroll now to avail of the early registration and payment savings until April 25 and group discounts for 3 or more participants.


            One of the main thrust of the Center for Global Best Practices is to create practical and solutions-oriented programs for decision-makers, entrepreneurs, and leaders to equip them with applicable knowledge that can immediately implemented for the benefit of their organizations.
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