| 24rd HR Sharing – 15th January 2010
Members networking
with each other during coffee break.
In an environment where the world's economy is in such uncertain times, Corporations are unsure what are equitable remunerations, and what is the so called 'market rate' that companies should pay their staff. It was indeed timely that our guest speaker, CF Wong, an expert in Compensation & Benefits came forward to share his valuable knowledge and experience with Members. Wong is also an MOM-WDA registered consultant for Flexible Wage system (FWS), and has developed and implemented Compensation and Rewards system for non-profit organizations, SMEs as well as MNCs.
Developing a formula that pays for performance was the salient feature in his presentation. Companies should not pay based on seniority, but to evaluate the job size, its accountability, and impact on profitability and business objectives.
Scrutinizing the job by Identifying each task and placing a value to it would help HR professionals rank the importance of each particular task and help them make sound judgments in rewards & remuneration.
Wong is also a trainer with HRmatters21 and conducts regular Compensation and Benefits workshop.
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Iqdynamics, a familiar name that is synonymous with payroll software was our second presentation (discussion). The software, known for it's user friendly functions can be operated practically anywhere in the world, with its online option, a very much sort after feature by many MNCs in Singapore.
Sadon Salman, a veteran in understanding payroll processes and needs, took questions from Members and demonstrated how technology has reduced what used to be a 10 men job into one. Iqdynamics has lead the way in payroll technology and will continue to do so by ever improving its software to ensure that it is able to cater for all requirements, including being user friendly to a diverse qualified staff that operates its software with no hiccups at all.
We thank Members who turned up for the HR sharing and look forward to the 25th sharing.
Snapshots from the 24th HR Sharing
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