Foundations of Compensation
Seminars are available in person or live online!
Kick-start your journey into the world of compensation with this practical, yet engaging learning experience. In this program, you will build knowledge in the fundamentals of compensation, including key legislation, designing and administering a compensation system, and communicating compensation plans to your organization.
You will participate in application-based activities and discussions designed to increase your awareness and skill in such areas as incentive pay and compensation for critical business needs.
Program Objectives
This program is designed to provide you with the knowledge and skills necessary to:
- Identify laws that affect compensation.
- Understand how business strategy and compensation philosophy guide a total rewards program.
- Establish job value utilizing internal and external methods and develop pay structures.
- Administer and communicate compensation programs.
- Understand and evaluate short-term and long-term incentive plans.
- Recognize the components of executive compensation.
Themes
Applicable laws, compensation strategy, establishing the value of jobs, pay structures, pay administration, motivation, bonus plans and short-term incentives, sales incentives, pay equity, executive compensation, compensation trends, long-term incentive plans, market-based pay, competitive compensation
What You Need to Know
Intended Audience
HR professionals seeking an introduction to compensation structures and systems
Pricing
Member: $1,565
Nonmember: $1,835
Recertification
15 Professional Development Credits (PDCs)
HR Knowledge Domain
People
HR Competencies
- HR Expertise (HR Knowledge)
- Business Acumen
- Analytical Aptitude
"If you need comp 101 type training, this course is for you. If you feel like you have a decent handle on basic comp but want to confirm your understanding, this course is for you. If you're an HR practitioner who thinks he/she might be interested in specializing in comp, this is your starting point!"
The Hanover Insurance Group
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