CIPM to groom professional reward management specialists

CIPM SL Vice President, Chairman of People Management Solutions Committee, Course Initiator and Advisory Member Ken Vijayakumar addressing the gathering with the dignitaries at the head table

CIPM Sri Lanka, the nation’s leader in human resource management, aims to revamp the current landscape for employee reward management by producing specialised human resource professionals with a strong focus and understanding of its practical aspects through the recently announced Certificate Course in Reward Management (CCRM). 

This program fulfils a long-felt market need for a professional understanding and approach for implementing customised reward management initiatives in organisations. CIPM organised a webinar to discuss the merits of the program which was joined by over 60 of its members and HR professionals.  

“CIPM is continuously engaging with the industry, examining and researching new areas in which to develop our HR professionals. The CCRM is a result of these endeavours. CIPM is ready to take-up further challenges in the coming years to take the flag to the next level. We always target our relationships with many institutions including private and public sector which will help CIPM in playing a national role in HRM,” said CIPM Sri Lanka President Jayantha Amarasinghe. 

“We have hitherto been practicing conventional reward management based on the employment contract which does not help organisations to be competitive. However, a well-structured reward and compensation management initiative can provide much value to organisations with inline focus on its goals and objectives. An organisation, in a business-driven articulation of a reward management program can improve productivity while keeping employees happy and satisfied while grooming them to take on more challenges. Reward management initiatives should be designed and customised for each organisation based on scope, fundamentals and value proposition,” he added.         

Course initiator, CIPM Sri Lanka Vice President Ken Vijayakumar said, “The Certificate Course in Reward Management (CCRM) fulfils a long-felt need in the market and is in-line with ‘HR Centre of Excellence’ concept. While HR specialists in areas such as performance management, learning and development, Industrial/employee relations, etc. are available, there is a definite vacuum of HR specialists in the reward management domain. We are launching this program to groom specialists and grow this important area.”          

Presenting the keynote address ‘From Equality to Equity’, experienced HR professional, NDB Bank former Vice President of HR, and CIPM Fellow C. Hewapattini endorsed the CIPM CCRM as an excellent program which fills a serious lacuna in the HR profession. He added that there needs to be equality and equity when designing and customising any successful reward management program while taking into consideration organisational culture, its people etc. to be successful, and that the structure of the CIPM CCRM provides an excellent platform to gain a good understanding of the merits of reward management and how to practically apply it in an organisation.

Course Director, London Stock Exchange Group Sri Lanka Senior Manager – Rewards, GTS and Asia Pacific Thilini Patabendige said, “CCRM has been designed with the aim of educating HR professionals and organisation leaders on the concepts of Total Rewards and Employee Value Proposition helping organisations to attract, motivate and retain the best talent. The CIPM CCRM will provide a technical knowledge including tools, frameworks and practical elements, their implications so that the reward management specialists can use this knowledge in both their day-to-day operational activities as well as strategic aspects of reward management. Each organisation is unique and different from one another, and as such there is no one universal ‘right way’ way of implementing a reward management program,” and emphasised that each organisation has to design their own unique, customised reward management program while adhering to global HR best practices.