Lead Trainer
Top HR Influencer & Professional Speaker
Dr. Fermin Diez possesses extensive human resources experience in consulting, corporate, and academic roles across 40 countries worldwide. He holds a PhD from Singapore Management University, an MBA from the Wharton School, University of Pennsylvania, and an undergraduate degree in Psychology from the University of Michigan.
In his consulting career, Dr. Fermin advised major multinationals, local companies, and public sector organizations at the Board and C-Suite levels on Total Rewards, Executive Compensation, Sales Compensation, Human Capital Strategy, and HR Analytics. He managed P&L in various geographical locations and businesses. Notable clients include Asia Development Bank, AIA, Citibank, ANZ, and Banco Santander.
As an HR leader, he served as Regional Head of HR for two large MNCs in Asia Pac and Latin America. Formerly the Deputy CEO and Group Head of Human Resources for Singapore’s National Council for Social Service, Dr. Fermin remains active as a Senior Advisor. He also holds Adjunct Professor positions at the National University of Singapore, Singapore Management University, and Nanyang Technological University.
Dr. Fermin has authored three books, including ‘Human Capital and Global Business Strategy’ and ‘The Remuneration Handbook: International Edition.’ With over 20 years of teaching WorldatWork courses globally, he has a wealth of experience. His board memberships include Jurong Health Systems, Children’s Cancer Foundation, and WorldatWork Global Advisory Council.
A former member of the Institute of HR Professionals Board, Dr. Fermin chaired the Assessments and Insights Committee and currently serves as the Dean of HR Education. He is a Fellow of the Singapore Institute of Directors and was recognized as a Top HR Influencer in Asia. Dr. Fermin is a frequent speaker at regional and global forums on topics like Compensation, strategic HR, talent management, mergers and acquisitions, global HR, and HR Analytics.
Course Summary
The landscape of work is undergoing a seismic shift, driven by technological advancements, a diversified workforce, and evolving employee expectations. Traditional ‘one-size-fits-all’ compensation models are becoming obsolete. This advanced two-day course, “Future Rewards for Future Work,” is designed to equip HR and compensation professionals with the tools and knowledge to develop and implement innovative reward strategies that align with the future of work.
Led by renowned HR expert Dr. Fermin Diez, this course offers practical insights and strategies to help you rethink and redesign your organization’s compensation models. Dr. Diez brings over 40 years of experience in HR, including his roles as a university professor, consultant, and author of well-regarded books in the field. His expertise ensures that participants receive top-tier education and actionable strategies.
Key Features:
- Innovative and Provocative: Encourages thinking beyond traditional models and exploring new possibilities
- Practical and Actionable: Provides practical steps and strategies for implementation
- Engaging and Interactive: Uses case studies, group activities, and discussions to enhance learning
- Pilot Testing Focus: Emphasizes the importance of pilot testing and using data to validate or challenge compensation hypotheses early in the course
Course Objectives
By the end of this workshop, participants will be able to:
- Understand the changing dynamics of the workforce and the limitations of traditional reward approaches
- Utilize data-driven decision-making to address reward-related challenges
- Design and implement pilot tests for new compensation models
- Develop effective base pay strategies for non-traditional work arrangements
- Create flexible and innovative variable pay systems
- Redesign pay-for-performance programs using modern methodologies like OKR
- Adapt salary benchmarking to fit the new work environment
- Implement new reward strategies and gain stakeholder buy-in
Expected Benefits:
- Gain insights into the latest trends and best practices in compensation strategy
- Learn practical steps to design and test new reward models
- Enhance your ability to use data and analytics to support HR decisions
- Discover how to motivate and retain a diverse workforce through innovative compensation approaches
- Develop skills to effectively communicate and implement changes within your organization
Course Agenda
Day 1 – Redefining Reward Strategies and Foundations
- Introduction to Future Rewards for Future Work
- Data-Driven Decision Making in Rewards
- Pilot Testing Compensation Strategies
- Base Pay Strategies for the Future
- Case Studies and Practical Applications
Day 2 – Variable Pay, Performance, and Implementation
- Future of Variable Pay
- Redesigning Pay for Performance
- Benchmarking and Compensation Trends
- Implementation and Getting Buy-In
- Conclusion and Q&A
Course Methodology
- Innovative and Provocative: Encourages thinking beyond traditional models and exploring new possibilities
- Practical and Actionable: Provides practical steps and strategies for implementation
- Engaging and Interactive: Uses case studies, group activities, and discussions to enhance learning
- Pilot Testing Focus: Emphasizes the importance of pilot testing and using data to validate or challenge compensation hypotheses early in the course
Course Objectives
By the end of the course, participants will be able to:
- Understand the changing dynamics of the workforce and the limitations of traditional reward approaches
- Utilize data-driven decision-making to address reward-related challenges
- Design and implement pilot tests for new compensation models
- Develop effective base pay strategies for non-traditional work arrangements
- Create flexible and innovative variable pay systems
- Redesign pay-for-performance programs using modern methodologies like OKR
- Adapt salary benchmarking to fit the new work environment
- Implement new reward strategies and gain stakeholder buy-in
Target Audience
HR Professionals, compensation specialists, and business leaders who are responsible for designing and managing reward strategies within their organizations.
Target Competencies
- Gain insights into the latest trends and best practices in compensation strategy
- Learn practical steps to design and test new reward models
- Enhance your ability to use data and analytics to support HR decisions
- Discover how to motivate and retain a diverse workforce through innovative compensation approaches
- Develop skills to effectively communicate and implement changes within your organization
