Lead Trainer
Dr. Fermin Diez SPHR, GRP, IHRP-MP, FSID
Top HR Influencer & Professional Speaker
Dr. Fermin Diez is a renowned HR expert with global experience spanning consulting, corporate leadership, and academia across 40 countries. He holds a PhD from Singapore Management University, an MBA from Wharton, and a Psychology degree from the University of Michigan. As a consultant, Dr. Fermin has advised Boards and C-Suite executives on Total Rewards, Executive Compensation, HR Strategy, and HR Analytics, working with leading organizations like AIA, Citibank, ANZ, and the Asian Development Bank. He has led HR functions for major MNCs in Asia Pacific and Latin America and served as Deputy CEO & Group Head of HR for Singapore’s National Council for Social Service. A passionate educator, he teaches at NUS, SMU, and NTU, has authored three books, including The Remuneration Handbook, and has trained HR professionals for over 20 years through WorldatWork courses. Dr. Fermin serves on multiple boards and advisory councils, including Jurong Health Systems and the WorldatWork Global Advisory Council. A Top HR Influencer in Asia, he is a sought-after speaker at global forums, covering topics such as Compensation, Strategic HR, Talent Management, M&A, and HR Analytics.
Course Summary
As the workplace evolves with gig work, remote roles, and multi-generational teams, traditional reward strategies are becoming outdated. This comprehensive two-day course equips HR and compensation professionals with modern, data-driven approaches to designing effective rewards that align with business objectives and employee expectations. On Day 1, we explore future reward foundations, addressing the limitations of traditional pay structures and the need for data-driven decision-making. Learn how to pilot-test new compensation models, design skills-based pay structures, and navigate non-traditional work arrangements. Through real-world case studies and interactive exercises, participants gain practical insights into crafting future-proof base pay strategies. On Day 2, we dive into variable pay, performance alignment, and implementation. Discover alternative pay models like flexible pay mix and cryptocurrency, apply OKR and agile performance management to compensation, and explore pay equity for remote and gig workers. The course concludes with hands-on implementation strategies, ensuring participants can confidently gain stakeholder buy-in and communicate changes effectively.
Course Objectives
By the end of this 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
Course Content
- 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
- Future of Variable Pay
- Redesigning Pay for Performance
- Benchmarking and Compensation Trends
- Implementation and Getting Buy-In
