Total Rewards: Compensation Basics

Essentials of HR Certificate Series

In today's competitive job market, guesswork, your intuition, or a dartboard aren't the answer to establishing a variable compensation strategy. Gain insight into the "best-practice" process used to set pay that is legally defensible, perceived as fair, and able to attract, retain, engage, and motivate a high-performing workforce. Explore the role of "total rewards," and obtain an overview from compensation professionals on program communication and administration.

Learning Objectives:

• Understand the two critical pay policy decisions to apply after compensation philosophy and strategy are established.
• Conduct a job analysis.
• Write useful, legally compliant job descriptions.
• Explain how wage grades are assigned to jobs and salary structures are developed.
• Demonstrate how market pay information helps drive good decisions about employee pay.

This course is a prerequisite for attending the Compensation Program Design: A Workshop program.

Who Should Attend:

Newcomers to HR and those looking to broaden their HR knowledge.

Please bring an electronic device or laptop.