Course Summary
Workplace expectations are changing. Gig work, remote roles, flexible work arrangements and multi generational teams are reshaping how organisations think about pay, rewards and employee value.
Future of Pay: Modern Compensation Strategies is a two day corporate training course designed for HR, compensation and rewards professionals who need to modernise pay strategies while keeping them aligned with business objectives and employee expectations.
The course helps participants understand the limitations of traditional reward approaches and introduces more practical, data driven methods for compensation design. Participants will explore skills based pay, pilot testing of new compensation models, base pay strategies for non traditional work arrangements and the use of data in reward decision making.
Day 1 focuses on the foundations of future rewards, including workforce change, data driven rewards, pilot testing, base pay strategies and case based applications. Day 2 focuses on variable pay, performance alignment, benchmarking, pay equity and implementation.
By the end of the course, participants will have a clearer framework for designing modern compensation strategies, gaining stakeholder buy in and communicating reward changes more effectively.
Frequently Asked Questions
What is this course about?
This course is about modern compensation strategies for a changing workforce.
Participants will learn how to review traditional reward approaches, use data driven decision making, design new compensation models, develop base pay strategies for non traditional work arrangements and build flexible variable pay systems that support business objectives and employee expectations.
What are the learning outcomes?
By the end of this course, participants will be able to:
- Understand changing workforce dynamics and the limitations of traditional reward approaches
- Use data driven decision making to address compensation and reward related challenges
- Design and implement pilot tests for new compensation models
- Develop base pay strategies for non traditional work arrangements
- Create flexible and innovative variable pay systems
- Redesign pay for performance programmes using modern methods such as OKR
- Adapt salary benchmarking to fit the new work environment
- Implement new reward strategies and gain stakeholder buy in
What are the course modules?
The course covers 9 practical modules:
- 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
Each module connects compensation strategy with practical reward design, workforce change, pay equity, performance alignment and implementation planning.
Who should attend this course?
This course is suitable for:
- HR Directors
- Heads of HR
- Compensation and Benefits Professionals
- Total Rewards Professionals
- HR Business Partners
- Talent Management Professionals
- Performance Management Professionals
- Workforce Planning Professionals
- People Analytics Professionals
- HR Operations Professionals
- Business Leaders involved in reward decisions
- Managers responsible for compensation and performance related decisions
Who is the lead trainer?
Dr. Fermin Diez SPHR, GRP, IHRP-MP, FSID
Business and HR Leader, Board Director & Advisor, University Professor, Author, and Thought Leader
The lead trainer is Dr. Fermin Diez. Dr. Fermin is a Top HR Influencer, Professional Speaker and HR expert with global experience across consulting, corporate leadership and academia. He holds a PhD from Singapore Management University, an MBA from Wharton and a Psychology degree from the University of Michigan. His professional credentials include SPHR, GRP, IHRP-MP and FSID.
Dr. Fermin has advised Boards and C Suite executives on Total Rewards, Executive Compensation, HR Strategy and HR Analytics. His consulting experience includes work with leading organisations such as AIA, Citibank, ANZ and the Asian Development Bank. He has led HR functions for major multinational companies across Asia Pacific and Latin America, and previously served as Deputy CEO and Group Head of HR for Singapore’s National Council for Social Service.
As an educator, he teaches at NUS, SMU and NTU, has authored three books including The Remuneration Handbook, and has trained HR professionals for more than 20 years through WorldatWork courses. Dr. Fermin also serves on multiple boards and advisory councils, including Jurong Health Systems and the WorldatWork Global Advisory Council. He is a sought after speaker at global forums on Compensation, Strategic HR, Talent Management, M&A and HR Analytics.
How long is this course?
This is a two day corporate training course.
What are the date and venue details?
- The public training for this course has concluded for the current year.
- This course is available for in house training and can be customised for corporate marketing, brand, digital and communications teams.
How much is the course fee?
- For public training, the course fee is RM3,500 per participant. The fee includes applicable taxes and one night stay at the event hotel. A group fee of RM3,150 per participant is available for registrations of three participants and above.
- For in house training, fees are quoted based on the programme scope, number of participants, delivery format and customisation requirements.
Is this course HRD Corp claimable?
- For public training, this course is 100% HRD Corp claimable for eligible employers, subject to HRD Corp approval and the applicable claim process.
- For in house training, HRD Corp claimability depends on employer eligibility, course approval and submission requirements.
How do I learn more or register?
- To learn more, download the course brochure from the right panel.
- For public course registration, complete the registration form in the brochure and email it to registration@skill-lyft.com.
- For in house training enquiries, contact Skill-Lyft and our team will advise on programme scope, customisation, dates and the next steps.
- Last updated: July 2026
