Compensation Basics

No matter what area of human resources you work in, a general foundation and understanding of compensation is important to have as compensation supports and links to many other programs and functions in HR.

It is no secret that well-structured compensation plays an important role in attracting, retaining, and motivating top talent.

Learning Objectives:

This training session will help you gain a complete understanding of the basics of compensation, including:

• What are the elements of a pay program and common compensation terms
  
• Compensation philosophy: what should be included
  
• The various types of direct compensation
  
• What pay considerations you need to be prepared to address
  
• The pay budget and what should be included
  
• How compensation is determined, including the why and how of Job Analysis and Job Documentation
  
• The types of Job Evaluations - and the advantages and disadvantages of each
  
• Key considerations in plan selection and implementation
  
• The process for market pricing and pay structure design
  
• Regulatory and legal issues in compensation
  
• Communicating and evaluating compensation programs as well as compensation resources and trends
  
• The Do and Do Not of Compensation

HRCI Credits

This program has been approved for 1.5 re-certification credit hours for HRCI's PHR and SPHR designations through the HR Certification Institute. For more information about certification or re-certification, please visit the HR Certification Institute website at hrci.org. The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCIs criteria to be pre-approved for re-certification credit.

SHRM Professional Development Credits

This program is valid for 1.5 Professional Development Credits (PDCs) for the SHRM-CP or SHRM-SCP designations. For more information about certification or re-certification, please visit shrmcertification.org.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand version, as shown in the pricing options below.

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.