Learning Options

Global Compensation—Strategy in Practice
Certification Course: C15

Designing an Effective Strategy

This intermediate-level, two-day course explores the strategy and design of compensation in a global environment. Topics include the development of an effective compensation strategy that responds to organizational and environmental complexities. The design and administration of base pay and variable compensation are reviewed, as well as best practices in global compensation.

• Review factors that need to be supported through the strategy, design, execution and administration of global compensation
• Discuss the interrelationship of business strategy, people strategy and organizational structure
• Learn the goals, challenges and essential elements of a global compensation strategy
• Find out how to design base pay in a global environment
• Gain an understanding of variable pay in a global strategy covering eligibility, funding, measures and payouts
• Discover compensation needs for unique employee groups
• Learn the role of HR in implementation and communication of global strategy

Who Should Attend

This course is designed for experienced human resource professionals supporting international business and compensation specialists working with global compensation issues.

What You Will Learn

Global Compensation in Context

• Compensation in the global marketplace
• Goals of a global program
• Influences
• Internal
• External
• Challenges of a global program

Business Strategy, People Strategy and Organizational Structure

• Business strategy and compensation
• People strategy
• Staffing strategy
• Organizational structure
• HR delivery models

Global Compensation Strategy

• Designing compensation on a global scale
• Global compensation strategy
  • Strategic elements
  • Total rewards strategy statement
  • Compensation philosophy
  • Guiding principles

Base Pay in a Competitive Landscape

• Surveying the competitive landscape\
• Defining the talent pool and segmenting the workforce
• Designing a salary administration program

Variable Compensation—Incentives and Equity

• Conduct due diligence
• Confirm objectives
• Design incentive programs
  • Short-term incentives
  • Long-term incentives
  • Equity

Rewarding Unique Employee Groups

• Globally mobile groups
  •  International assignees
  • Internationalists
  • Localized/permanent
  • Returnees
• Global sales forces
• Executives

Implementation and Communication

• Role of HR
• Linking compensation strategy with administration
• Effective employee communication

	Credits CCP: Elective Recertification: 2 course, .5 Exam CEUs: 1.5 Course, .3 Exam CPEs: 16 CPIM/CFPIM/CSCP: 14 points CFP: 10 PHR/SPHR/GPHR recertification hours: 16
	Faculty
	Course book amendments
	Test your knowledge

Consider Bringing This Course to Your Location This professional development program and others offered by WorldatWork can be customized to meet the unique needs of your organization and delivered at your location. For more information, contact a Corporate Education Resource Manager at 877/710-5970 or 480/905-5980.