Business Acumen for Compensation Professionals (C8)

Critical Thinking Skills for Today's Leaders

In this competitive, global economy business leaders expect you to go beyond the technical aspects of your job and think like a businessperson. In fact, strategic business understanding was one of eight key differentiators of top performers according to the WorldatWork 2012 Total Rewards Professionals' Career Census.

To gain this understanding, you must embody business acumen skills–knowing what's going on around you and how the business works internally and externally. Having a keen sense of business knowledge is essential for better decision making and driving long-term positive results for your organization.

This course covers the essential skills, behaviors and actions that support the understanding and development of business acumen–helping you learn to see "the big picture," understand finance concepts, recognize the important relationship between compensation plans and the bottom line, and make wiser decisions.

  • Learn what it takes to apply key business acumen skills and behaviors.
  • Understand, evaluate, and articulate the relationship between compensation and business outcomes.
  • Grasp essential financial concepts.
  • Know how your business works and recognize the relationship between the compensation plan and the bottom line.
  • Strengthen communication skills.

What You Will Learn

 

Module 1: Introduction to Business Acumen

  • Business acumen skills and behaviors and key competencies
  • Importance of business acumen to organizations and individuals
  • The Global Rewards Framework
  • Role of the compensation professional

Module 2: Knowing How Business Works

  • Competitive strategies and market position
  • Allowances
  • Business life cycle

Module 3: Financial Literacy

  • Basics of financial reports
  • Common profit measures
  • Common metrics

Module 4: Evaluating the Business

  • Key performance indicators
  • The organization's bottom line and its impact on compensation
  • Common tools and approaches for evaluation

Module 5: Communication and Connections

  • Building a knowledge network
  • Identifying resources and where data comes from
  • Importance of fact-based communication
  • Engaging and contributing to discussions with non-compensation colleagues

Learning Options

Classroom

On-site instructor-led delivery of course materials with the added value of face-to-face interaction with a subject-matter expert and peers.

Course and Certification Exam

Members: $1,495 USD

$2,200 USD

Course Only

Members: $1,390 USD

$2,085 USD

Virtual Classroom

Live online instructor-led delivery of course materials including real-time interaction with a subject-matter expert and peers — no travel required!

Course and Certification Exam

Members: $1,450 USD

$2,150 USD

Course Only

Members: $1,230 USD

$1,830 USD

Self Study

Independent learning with access to printed course materials and exam option.

Course Materials and Certification Exam

Members: $1,275 USD

$1,780 USD

Add to Cart
Certification Exam Only

Members: $875 USD

$1,130 USD

Add to Cart

Course Credits & Certifications

  • Recertification

    Course: 2 credits

    Exam: 0.5 credits

  • CEUs

    Course: 1.5 credits

    Exam: 0.3 credits

  • HRCI Recertification

    16 classroom hours

  • SHRM Recertification
    16 classroom hours

More Information

Who Should Register

This course is intended for those individuals who are pursuing the CCP or GRP. The course has been designed to provide critical insights around business acumen and explores how the compensation professional can leverage these insights to maximize their role within their organization.

How to Register

Test Your Knowledge

Challenge yourself by trying to answer actual test questions from one of our courses.

Start Now

Policies

Click Here to view our policies on payments, returns, class schedules, registration, cancellation, and more.

Have Questions?

Phone

+1 877 951 9191

USA and Canada

+1 480 951 9191

Other Countries

Online

Chat currently unavailable.

Email Us