Abstract
<p><span class="fontstyle0">In today globalization era, competition among business is getting tighter, and it is not only about attracting customers but also attracting and retaining human capital. Kursus Indonesia have a difficulty in attract and retain their employee, and founded that their current compensation not yet satisfying their employees. This study aims to find the root cause of Kursus Indonesia’s compensation problem, design a strategic compensation system and compare the new compensation proposed salary with benchmark salary. This study used qualitative research method and the data used are primary data (interview and observation) and secondary data (literature study). To process the data gained, this study used descriptive analysis with business situation analysis and current reality tree root cause analysis, job analysis and point method job evaluation. This study found that (1) The root cause of Kursus Indonesia’s compensation problem is no alignment between the current compensation strategy with company’s business strategy; (2) Design a Competency Based Pay system is a suitable approach to solve Kursus Indonesia’s compensation problem; (3) This solution propose some improvent in Kursus Indonesia’s employee salary by using Lead Pay Policy that pay above benchmark salary.</span></p><p><span class="fontstyle0"><br /></span><span class="fontstyle2">Keywords</span><span class="fontstyle0">: Attract and Retain, Compensation, Competency Based Pay,<br />Competition, Salary</span></p>
Highlights
The era of globalization today becomes a reality that must be faced by every country, not least Indonesia
Once said, the only way we can beat the competition is with people (Moeljono, 2003:68)
RESEARCH METHODOLOGY This study used qualitative research method that emphasize the valueladen nature of inquiry and seek answers of questions that stress how social experience is created and given meaning
Summary
The era of globalization today becomes a reality that must be faced by every country, not least Indonesia. This era affects the increasingly tight competition among business and the bluring of boundaries to enter industry. For that each business should have strong competitive advantage to gain strategic competitiveness. Human has a very important role to face competition today, as Robert J. Once said, the only way we can beat the competition is with people (Moeljono, 2003:68). The major challanges today is to meet the increasing demand of qualified and unique human resources. Company have to be able to attract and retain its qualified employees, and compensation has a big influence to that
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
