228x Filetype PPTX File size 1.77 MB Source: gcg.gov.ph
Discussion Agenda Slide Title • CPCS Guiding Principles and Rewards Philosophy • Position Classification System a. Business Unit Size b. Career Bands, Career Levels and Job Grades • Compensation Items a. Salary Ranges b. Fixed Bonuses and Fixed Cash Allowances c. Performance-Based Bonuses d. Other Items in and beyond the CPCS • Implementation Guidelines of the CPCS • Communications Planning and Key Messages • Job Titles and Typical Qualification Standards 2 Slide Title CPCS Guiding Principles and Rewards Philosophy 3 Background of the Compensation and Position Slide Title Classification System (CPCS) for GOCCs GOCC Governance Act of 2011 (Republic Act 10149), the GOVERNANCE COMMISSION FOR GOVERNMENT-OWNED OR -CONTROLLED CORPORATIONS (GCG) was mandated to: (a) Classify GOCCs; (b) Develop and recommend a competitive compensation and remuneration system which shall: —attract and retain talent —allow the GOCC to be financially sound and sustainable (c) Develop a COMPENSATION AND POSITION CLASSIFICATION SYSTEM (CPCS) which shall apply to all officers and employees of GOCCs. 4 CPCS Guiding Principles Slide Title 1. Provide GOCCs with adequate operational autonomy and flexibility towards ensuring efficient and effective implementation of a total compensation framework to ensure: (a) The adoption of reasonable, justifiable and appropriate remuneration schemes to prevent or deter the granting of unconscionable and excessive remunerations packages; (b) Generally be competitive with the private sector doing comparable work, and in compliance with prevailing laws on minimum wage; (c) Operate within their affordability limits and sustainability capacities, and in accordance with their overall size as provided herein; (d) Adhere to the principle of equal pay for work of equal value; and (e) The rewards system supports and encourages performance-driven, productive, and efficient organizations. 5 Guiding Principles (cont’d) Slide Title 2. The CPCS shall be updated periodically by GCG based on the following: (a) A review of the GOCC compensation rates; (b) The performance of the GOCC and its overall contribution to the national economy; (c) Drastic changes in market or business environment; 3. The CPCS shall cover all positions, on full or part time basis 6
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