Foundations of Compensation
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RECERTIFICATION SHRM: In-Person/Virtual: 15 PDCs
HR KNOWLEDGE DOMAIN People, Organization, Workplace HR COMPETENCIES
Business Acumen Critical Evaluation HR Expertise (HR Knowledge)
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DELIVERY OPTIONS - Onsite
- Blended Learning
- Virtual
- Customizable
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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.
Don't have a group?
This program is also available as a public SHRM Seminar.
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