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CIPM to groom professional Reward Management Specialists

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Ken Vijayakumar – Vice President, Chairman of People Management Solutions Committee, Course Initiator & Advisory Member – CIPM SL 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 specialized human resource professionals with a strong focus and understanding of its practical aspects through the recently announced Certificate Course in Reward Management (CCRM). This programme fulfills a long-felt market need for a professional understanding and approach for implementing customized reward management initiatives in organizations. CIPM organized a webinar to discuss the merits of the programme 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 endeavors. 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 Jayantha Amarasinghe-President CIPM Sri Lanka.

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

Course initiator Ken Vijayakumar-Vice President of CIPM Sri Lanka said “The Certificate Course in Reward Management (CCRM) fulfills 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 & development, Industrial/employee relations etc. are available, there is a definite vacuum of HR specialists in the reward management domain. We are launching this programme to groom specialists and grow this important area”.

Presenting the keynote address “From Equality to Equity”, experienced HR professional, former Vice President of HR at NDB Bank and Fellow of CIPM – C. Hewapattini endorsed the CIPM CCRM as an excellent programme which fills a serious lacuna in the HR profession. He added that there needs to be equality and equity when designing and customizing any successful reward management programme while taking into consideration organizational 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 organization.

Course director Mrs. Thilini Patabendige- Senior Manager – Rewards, GTS & Asia Pacific at London Stock Exchange Group – Sri Lanka said “CCRM has been designed with the aim of educating HR professionals and organization leaders on the concepts of Total Rewards and Employee Value Proposition helping organizations 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 organization is unique and different from one another, and as such there is no one universal ‘right way’ way of implementing a reward management programme” and emphasized that each organization has to design their own unique, customized reward management programme while adhering to global HR best practices.

 

 



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Assetline Leasing recognised at SLIM People’s Awards

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Assetline Leasing Company Limited (ALCL) was nominated for “SLIM People’s Financial Services Provider of the Year” category at the recently held SLIM People’s Awards 2021 at BMICH, Colombo.

As a specialized leasing company with a network of 53 branches located Islandwide, ALCL has been able to carve a name for itself as a leading financial services providers by continuing to fulfill the financial needs people from all walks of life with an innovative and reliable portfolio of leasing and loan products that are geared to improve the livelihood of individuals and families whilst enriching their lifestyles. Access to financial services, particularly by SMEs and entrepreneurs, has always been a key area of ALCL’s focus.

Commenting on the achievement, Ajantha Premasiri, Chief Marketing Officer, ALCL, said; “We would like to extend our sincere gratitude to our valuable and loyal customers, business partners and team Assetline for their unwavering support in securing this nomination in the category of “SLIM People’s Financial Services Provider of the year”.

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DIMO forum focuses on youth skills for employment and entrepreneurship

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DIMO celebrated ‘World Youth Skills Day’ by shining the spotlight on the importance of equipping the youth with skills for employment, decent work and entrepreneurship, through a webinar titled ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’, held recently.

The keynote speaker at the webinar was a renowned expert in the industry, Mangala P.B. Yapa the Director General / CEO of Employers’ Federation of Ceylon, while the panel consisted of leading Human Resources professionals Dilrukshi Kurukulasuriya the Chief Human Resources Officer of DIMO, Chinthaka Premaratne the Group Director Human Resources of Fairway Holdings and Ishan Dantanarayana the Group Chief People Officer of Brandix. The event was moderated by Yohan Thilakaratne the Head of Corporate Communications of DIMO. Vocational Training is a key attribute in DIMO’s sustainability agenda and the forum ‘Job Demand and Vocational Education – Fuelling Dreams and Aspirations of the Youth’ was the latest initiative of DIMO to empower the dynamic youth with the correct skills.

During his keynote address, Mangala P.B. Yapa stated, “Knowledge, skills and employment are 3 elements that are inter-connected in a complex manner. Today, knowledge has surpassed skills and therefore, receives prominence. However, I believe that knowledge which does not develop skills, does not do justice to society. Through vocational education, what we attempt to do is to develop both knowledge and skills.”

 

 

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CA Sri Lanka Annual Report Awards makes a comeback this year

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In its continuing determination to crown the most brilliant financial reports produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present the prestigious Annual Reports Awards competition this year, incorporating new concessions on account of COVID-19, whilst also automating the marking system for the first time in the competition’s history.

Applications for the 56th Annual Report Awards competition 2021 will be accepted from 15th August 2021 onwards. Organisations ranging from multinationals to blue-chip companies, conglomerates, small and medium businesses, state corporations, statutory bodies and even NGOs and NPOs which produce annual reports can vie for this year’s top honours.

Known to promote transparency, corporate governance, sustainability and social responsibility, the competition’s grand comeback this year was announced at a press conference on Tuesday.

The Annual Report Awards commands a history of over half a century, but following COVID, the Institute decided not to proceed with the competition last year on grounds that the competition would not yield the required benefits for the participating companies due to the challenges stemming from the pandemic and the related crisis.

Addressing the press conference, Jayesinghe said that as the sole authority to promulgate accounting and auditing standards in Sri Lanka, the Institute has taken every effort necessary to implement a world class accounting framework, which will result in long-term benefits to the country including bringing in vital investments such as FDIs.

He said that an annual report is recognised as the single most important document for readers and potential investors to understand the financial state of a company as well as its positive contribution not only towards the company’s bottom line but also to the country and society.

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