Compensation Systems
, Human Resource Management
4 HR Credits
A compensation system is part of a total rewards system that, if designed correctly, engages and retains talent for an organization.
Human Resource Management
Compensation and Benefits
$79.00
Course Description:
Understanding compensation practices and policies is crucial for any business owner, HR professional, or manager. In this introductory-level course, you will consider issues surrounding the key aspects of pay policy: legal requirements, pay equity within an organization, competitive pay within the relevant industry, how and when to grant raises, and different ways payment can be structured.
What You’ll Learn:
- Differentiate between compensation systems
- Distinguish between legally mandated and discretionary benefits
- Explain how compensation and benefits relate to employee motivation
- Describe different healthcare plans and their advantages and disadvantages
- Identify the value of benefits that help employees achieve work-life balance
- Define pay for performance
- Define differential pay
- Describe methods of achieving pay equity
- Distinguish between employees and independent contractors
- Distinguish between exempt and nonexempt employees
- Comply with relevant state and federal "wage and hour" laws
Reviews:
Related Courses:
Compensation Communication
, Human Resource Management
4 HR Credits
Effective communication regarding compensation and benefits is vital for any organization. Shortcomings in communicating total reward packages can result in a failure to attract or retain top talent, while effective compensation communication assists
Earn a Digital Badge
HRCI Pro: Compensation
, Human Resource Management
12 HR Credits
The HRCI Pro Series is a collection of certificate courses that focus on advanced HR and business concepts. The HRCI Pro: Compensation covers essential topics in compensation practices for an organization.
