Tag: Total Rewards

Upcoming Certification Events

Upcoming Certification Events

Thomas A. Farmer

The mission of ATRI is to “advance regional competence in total rewards management.” We must therefore make total rewards training and certification highly accessible to the ASEAN regional HR profession. To this end, we offer both regional and local workshops and events, depending on the preferred contextualization and class make-up:

  • Regional events are hosted by HRD-Future and draw practitioners in HR or C&B roles from around the region, providing a more diverse networking opportunity. Typically 3 to 5 countries are represented by the participants in a given event. They are conducted 100% by Tom Farmer and in English, with plenty of discussions, breakouts, sharings and Q&A by participants to learn reward practices in other locations, and share their own to others who are curious to learn about your country’s practices. All ATRI events are available regionally, through HRD-Future, including CTRS and CTRP workshops, the CTRF Roundtable Series and non-certification courses on Excel skills for compensation, incentive design or other topics. Those in, or aspiring to, regional rewards roles should consider attending regional ATRI events. Budget requirements may be slightly higher than for local events.

    Contact marketing@hrd-future.com for information on regional ATRI events.

  • Local events are offered through local partner/affiliate organizations, such as HRMBSI (Philippines), VNHR (Vietnam HR Association), CRS (Thailand), WARD (Bangladesh) or others. These are heavily contextualized to the local business/regulatory environment, local practices, etc. Tom Farmer is the lead instructor, and a local co-facilitator is also present to explain and discuss the material in the local context, in the local language (Tagalog, Vietnamese, Bahasa, etc.). Local language/context discussions may make this option unsuitable for those in other countries. Those in country roles may find the local events more relevant to their current roles, and the fees are generally more cost-effective. The CTRF Roundtable series is not available on a local basis.

    For information on local events, contact Willinda Yu at HRMBSi at wpyu@hrmbsi.com.ph.

The certifications are the same regardless of whether the regional or local version is taken. The local version material is slightly more focused to allow time for local language discussions. The exact same exam is given in both versions. ATRI certificates make no reference to local versus regional. There is only one CTRS certification and only one CTRP certification.

The CTRF Roundtable Series is Here

The CTRF Roundtable Series is Here

Thomas A. Farmer

Eight highly accomplished HR/Rewards leaders gathered virtually on 1 April 2022 to stretch themselves around the topic of total rewards strategy. Following presentation of ATRI’s competency framework for “Drive Total Reward Strategy” we had an honest conversation about what it takes to be effective in helping our organizations change course from less effective to more effective, on matters involving pay or benefits.

Tom Farmer, owner and co-founder of ATRI, and Lynette Ng, Group Head of Rewards for Goto Group and ATRI Industry Panel Member (and CTRF) together co-facilitated the session, to allow the participants, together having over 100 years experience in HR, to share their successes and challenges in building and presenting a case for change in rewards practices.

Lynette, a self-proclaimed “blackbelt in straight talk” delivered some key insights into change management such as when to play your cards to get the change that’s needed while giving business leaders what they need, and keeping everything relevant to the people affected. Tom and Lynette contrasted two approaches toward transparency and communication philosophies, with Tom describing the “need to know” approach and Lynette describing a very open approach, for example, taking pay questions at the Town Hall.

A hypothetical case study was presented (based on real experiences) for breakout group discussion, followed by sharing of potential solution elements and approach.

Including ‘Drive Total Reward Strategy’, the five sessions will include the following topics:

  • A. Drive Total Reward Strategy (TRS) on 1 April 2022
  • B. Manage and Develop Regional or Global Rewards (RGR) on 29 April 2022
  • C. Design and Manage Executive Compensation (EC) on 20 May 2022
  • D. Reward Gig, Remote, Agile and Mobile Work (GRAM) on 10 June 2022
  • H. Total Rewards Hackathon (HACK) on 1 July 2022

No PowerPoint slides were used. The entire four hours were spent in discussion, only referring to the list of 7 essential total reward strategy competencies. Participants were based in Malaysia, Philippines, China and Singapore.

HRD-Future is the host for the CTRF Roundtable Series, bring people from across ASEAN and the greater Asia Pacific region, for an enriching exchange of experiences that reflect different business environments. Contact Elbee Lim at elbee@hrd-future.com regarding the series, which is fully booked for H1 and is taking registrations now for H2 2022, which starts 12 August 2022.

The Total Rewards Approach is Vital

The Total Rewards Approach is Vital

Thomas A. Farmer

I get a gift basket each year from my financial advisor, with something for everyone. My wife goes for the pistachios, I go for the chocolate-covered stuff, and my daughters pick away at all of it. Employers face the question of what to put into their rewards gift basket, given the available budget. We try to cater to all, don’t we? What is the key? We must consider the full spectrum, we must take the total rewards approach.

Total Rewards is everything an employee receives in return for their work. It includes compensation, benefits and a broad range of partially tangible and intangible rewards (such as work-life, recognition and growth opportunity) that enable organizations to attract and retain talent and align efforts behind the vision and mission and strategy. Why do we include intangible within rewards? One very big reason and one very small reason:

  1. Big psychological impact–consider the power of team recognition, being trusted to work flexibly, a learning opportunity, having a mentor, a respectable job title, being empowered. Lack of these accounts for a large number of resignations, agree?
  2. Very small cost–unlike salary, allowances, bonuses and incentives, health insurance and retirement which comprise the largest overhead expense category for most organizations, intangibles cost very little, sometimes nothing at all.

Total rewards concepts take compensation and benefits to a new level, building upon basic objectives (internally equitable and externally competitive, or attractive v affordable) to multi-dimensional, adding behavior change (join, stay, perform, grow, innovate, etc.) as specific outcomes to which specific reward practices can be aligned. How do we compete for talent without getting into a salary “bidding war” which no one can afford? The answer is: take the total rewards approach. You still must compete on salary, but for many people, the benefits, work-life and other areas can be a tie-breaker as long as pay is “enough.”

Sopar Marpaung, CTRP, Head of Human Resources at Indonesian steel maker Gunung Raja Paksi says “In traditional minds of people, the talents will still look at the total cash they’ll take home every month before they decide to join you or not, UNLESS the “Package” is promoted and branded as their life or career solution in the mid- to long- term. In a business perspective, rewards impact should be measurable like an investment of happiness, engagement, and productivity of people.”

“Rewards impact should be measurable like an investment of happiness, engagement, and productivity of people.”

Sopar Marpaung, CTRP

Look at the whole package, not just pay:

  • benefits can be made more inclusive, more flexible, more compassionate–these can cost money, but there are ways of saving to offset this cost
  • work-life goes way beyond working from home and includes anything we do to help people with life apart from work
  • recognition seeks to ensure model behavior is noticed and appreciated. Costs range from nothing (“thank you, well done!”) up to about 1% of payroll for cash or merchandise recognition programs
  • growth and development opportunity tell candidates you offer a career, not just a job. Career opportunity represents future compensation.
  • learning literally feels good. Research* finds release of pleasurable neurotransmitters in connection with learning
  • performance is what creates employment and income opportunity for all, and we drive the alignment of rewards to support it
  • finally, the work itself–meaningful work, achievement, being challenged–these are what motivate, according to Herzberg’s two-factor theory

Can you afford not to take the total rewards approach? Can you compete on salary and benefits alone? There are at least 100 specific reward practices to consider. (See What’s in Your Rewards Toolkit)

Learn the art and science of total rewards, get real behavior change, and ease the task of attracting, retaining and motivating your talent.

*https://www.hastac.org/blogs/joegeorgic/2015/04/22/neurotransmitters-and-learning

Introducing the CTRF™ Roundtable Series

Introducing the CTRF™ Roundtable Series

Thomas A. Farmer

Entering 2020, we have conferred 213 certifications to reward practitioners from 10 countries. It’s not mainly about numbers, though. What we are doing is intended to extend certification opportunity to all those who wish to achieve it, making certification accessible at various career levels, which is why we are excited to introduce the Certified Total Rewards Fellow™ (CTRF™) Roundtable series.

Is CTRF right for you?

The CTRF certification is intended for rewards leaders, whether in a top or regional rewards/C&B role, or in a top/regional HR role with responsibility for compensation & benefits. If you have responsibility for compensation and benefits for Asia, ASEAN, or just a few countries, and have a minimum of eight (8) years of experience or direct involvement in rewards, this is right for you.

Currently there are nine accomplished individuals with the CTRF designation, consisting of current or former CHROs or equivalent, and current or former regional (APAC or ASEAN) heads of rewards/C&B. Since we did not have an event-based certification pathway for CTRF, these nine individuals have been awarded CTRF designation by the ATRI Industry Panel for being advocates and champions for total rewards throughout their extensive careers, and for supporting professional development and certification for rewards professionals. They include:

Mr. Federico R. Marquez, Jr.
Ms. Lynette Ng
Ms. Vivencia A. Chavez
Ms. Beth Nasol
Ms. Liza Sichon
Ms. Mitzie Antonio
Mr. Ramon Segismundo
Dr. Fermin A. Diez
Dr. Mark Bussin

Their current or former company/firm affiliations include many highly respected and well-known organisations such as Nestle, Sanofi, PepsiCo, Coca-Cola, St. Luke’s Medical, Mercer, AonHewitt, PLDT, HP, Meralco, PMAP, Singapore Management University, and others.

What is the CTRF Roundtable Series?

The Roundtable series provides a way for regional HR or rewards leaders to achieve certification by attending two separate 1-day events. The two 1-day roundtables are scheduled within the same year but are spaced apart, because regional leaders are often unable to take two full consecutive days away from work.

No exam is required. No one will read PowerPoint slides to you. You already know the rewards field very well. Rather, participants will give-and-take in two full-day roundtable gatherings with their peers, and join facilitated conversations around the following topics:

  • regional and global rewards–building the function, harmonising rewards, developing the rewards team;
  • executive compensation–directors and senior management remuneration, working with the CEO and Rem Committee, development of long-term incentives and total rewards design;
  • global mobility–driving smart policies and practices for expatriates, locally hired foreigners, permanent transfers, localisation, and related issues such as local talent pipeline, sustainable cost, retention of talent
  • total reward strategy–understanding business strategy and talent strategy and translating them into a rewards strategy, segmenting your workforce and reward strategies for each, change management and communication
  • Other issues faced by rewards leaders such as business continuity, flexible work arrangements, retaining key talent, alternate forms of work/gig economy, etc.

In many cases participants will have strength in some of the above areas, while they may lack significant experience in others. We will seek to determine your strengths and learning priorities at time of registration.

Who will facilitate the roundtable?

CTRF Roundtables will be co-facilitated, by two ATRI industry panel members, or CTRF holders. Our first roundtable will be held in Singapore on 3 April, 2020, and the scheduled facilitators are Tom Farmer and Lynette Ng.

Anything else?

Yes, we will hold these events in 5-star hotel boardrooms and provide lunch and latte (or tea or whatever you prefer) throughout the day. We will adhere to the health screening protocols that may apply at the time, to address virus concerns. No one with a fever will be allowed to participate, for everyone’s benefit.

SEN-Meetings-Events2

Click below to see the event flyer, and contact HRD-Future for more details.

Hope to see you there!

Brochure – Certified Total Rewards Fellow (CTRF)Certification Roundtable Series

Total Rewards Certification is Growing!

Total Rewards Certification is Growing!

Thomas A. Farmer

2018 was the year ATRI certification really took off. In 2017, we certified 24 people who had flown from the Philippines to Singapore for our first certification workshop. In 2018, we held certification workshops in Philippines, Hong Kong, Malaysia and Singapore, adding 67 people to the roster of ATRI-certified total rewards practitioners. Be sure to check out our photo gallery to see those who have been certified.

With a total of 91 people, we enter 2019 with scheduled workshops in these four locations, and plans to enter other locations within the region. All certification opportunities are now offered through a 3-day certification workshop format, although it is OK to break up a workshop if you can only attend 1 or 2 of the 3 days. In this case, you can take the remaining 1-day module(s) on a future date.

All ATRI certification workshops are offered through our partners:

On behalf of our entire industry panel and local partners, we wish you a happy, healthy, peaceful and purposeful 2019, and we hope to see you soon!

Tom Farmer headshot                  Freddi

Thomas A. Farmer             Federico R. Marquez, Jr.

Co-founders, ASEAN Total Rewards Institute

Applying Total Rewards: Philippines

Thomas A. Farmer

Hear total rewards explained for the Philippines context by Tom Farmer, co-founder of ASEAN Total Rewards Institute™, during a live TV interview with Michelle Ong of ABS-CBN News Channel, Manila, Philippines, on July 6, 2018:

ANC1

This link will take you to the ANC Early Edition facebook page and play the interview video:

https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Fwww.facebook.com%2FANCearlyedition%2Fvideos%2F480483612406226%2F&show_text=1&width=560

Welcome to ATRI!

Thomas A. Farmer

On behalf of the ATRI Industry Panel members, we are very excited to welcome you to the ASEAN Total Rewards Institute website, and wish you great success in your journey to greater competence as a total rewards professional! Continuing education is a privilege and we wish to share a quote from Mahatma Ghandi:

Live as if you were to die tomorrow… Learn as if you were to live forever.”

On July 21, 2017, thirty HR professionals from the Philippines flew to Singapore to attend ATRI’s Total Rewards Certification Workshop. Fifteen were certified as Certified Total Rewards Specialists (CTRS), demonstrating competence in the core compensation and benefits disciplines, through participation and passing a written examination. An additional six experienced practitioners were recognized as Certified Total Rewards Professionals (CTRP) as well, based on a combination of written exam results, interviews and industry panel member nomination. Two were recognized as Certified Total Rewards Fellow (CTRF) based on verified industry experience, achievement and demonstration of competence in key advanced areas, as well as approval by two industry panel members. Several others completed the workshop for learning purposes.

From this, we now continue the journey of building the ASEAN region’s own certification for total rewards, starting with the Philippines, and soon extending to other ASEAN nations.

Be sure to sign up using the Contact link to receive news and resources to help you grow as a total rewards professional.

It is our honor to assist you in your growth as a total rewards professional!

–Tom and Freddi

 

Tom Farmer headshot                  Freddi

Thomas A. Farmer             Federico R. Marquez, Jr.

Co-founders, ASEAN Total Rewards Institute