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 Communication
$149.00
Course Description:
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 in improving employee morale, motivation, and productivity. This course will explore methods and strategies for effectively communicating compensation and rewards, both company-wide and with individual employees. Topics in this course include alignment among key compensation documents, communicating about pay equity, the advantages and disadvantages of pay transparency, supporting managers in compensation decision-making and communication, and special considerations when communicating medical and health benefits to employees.
What You’ll Learn:
- Explain components of compensation communication
- Explain the alignment of compensation communication with an organization's goals
- Describe a pay communication plan
- Identify common types of compensation communication
- Identify the components of the pay transparency spectrum
- Compare different modes of compensation communication
- Identify strategies for compensation communication
- Describe compensation communication training
- Explain communication strategies applicable to different company models and work settings
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