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Compensation Fundamentals

Compensation Fundamentals

Learn the Most-used Facts and Information

This skill-building seminar is designed to familiarize you with the process of total rewards compensation design and decision-making. It focuses on the characteristics and impact of a compensation system’s major elements, as well as the design and development techniques used to achieve an optimal system.

  • Discuss elements of a total rewards program, the total rewards model and elements of compensation
  • Gain an understanding of the U.S laws and regulations within which compensation programs operate
  • Learn about the sequential processes of job analysis, job documentation and job evaluation
  • Address the issue of external competitiveness — job pricing and the use of labor market data to determine competitive position
  • Discuss pay determination systems and learn alternatives commonly used in companies
What You Will Learn  |  More Info  |  Who Should Register  |  How to Register


Learning Options
Course Schedules
Apr 25
8:30 AM
Chicago, IL
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May 17
8:30 AM
Salt Lake City, UT
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What You Will Learn  

The Compensation Component of Total Rewards

  • Definition of total rewards
  • Total rewards model
  • Why the total rewards approach?
  • The total rewards design process
  • Compensation
  • Elements of compensation
  • Objectives of compensation
  • Compensation goals and tools

U.S. Legal/Regulatory Environment

  • Pay and legal issues—how much do you know?
  • Fair Labor Standards Act
  • Equal Pay Act
  • Title VII—Civil Rights Act
  • Other statutes and regulations

Job Evaluation

  • Terms and definitions
  • Job analysis
  • Job documentation
  • Job description format
  • Job evaluation

External Competitiveness & Pay Structures

  • Job pricing
  • Relevant labor markets
  • Types of compensation information available
  • Sources of survey data
  • Data analysis
  • Determining market position
  • Developing a base pay policy line
  • Organization response to market data
  • Pay range design issues
  • Maintaining pay structures

Base Pay Determination

  • Pay approaches
  • Job-based pay
  • Person-based pay
  • Range divisions
    • Position in range
    • Merit pay
  • Characteristics of a sound performance appraisal system
  • Alternatives to base pay
  • Effective compensation strategies
Who Should Register  
This class contains U.S. specific content and will benefit all functional managers and supervisors; human resource, financial and payroll personnel; small-business owners; entrepreneurs; and members of job-evaluation or compensation committees.
 
How to Register  
 
More Information  
 Course Credits
Recertification: 1 credit
CEUs: .75 credits
PHR/SPHR/GPHR recertification hours: 7 (classroom)
 Course Book Amendments
 Terms and Conditions

For traditional classroom courses, a print binder will be available for pick up on site the day of the seminar. E-learning and Blended Learning course materials can be found online within the product. To download course material amendments, view class rosters and to find out what to bring to your class, please visit www.worldatwork.org/seminars.

*Become a WorldatWork Premier Member today and begin saving! After adding the class to your cart and click "Join Now" before proceeding to check out.

 

 

 

 

 

 

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