Foundations of Compensation

Program Overview

Gain the necessary insight to kick-start your journey in compensation. Explore the fundamentals of compensation, including key legislation, designing and administering a compensation system, and communicating compensation plans to your organization. Engage in practical-application activities and discuss incentive pay, compensation for critical business needs, and recent compensation developments. Obtain the essential knowledge you need as a new compensation practitioner.

Program Objectives

• Discuss key aspects of legislation that affect compensation structures and systems.
• Design a compensation structure.
• Administer and maintain a compensation system that aligns with an organization's mission and vision.
• Effectively communicate details of compensation plans initially, and when they are changed.
• Describe incentive pay and types of pay plans for select employees.

Program Outline