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Essentials of Compensation Management
Get the fundamental knowledge you need to positively impact the employee experience and your organization’s bottom line. This foundational course introduces learners to the specialized area of compensation, focusing on how organizations align pay philosophy to organizational objectives. Find out how a well-designed compensation program attracts, retains, and motivates employees, how to use common KPIs to evaluate a plan’s effectiveness, the value of good communication, and how to do it successfully.What You Will LearnUnderstand the basics of compensation philosophy, business alignment, employee impact, and design.Know how job analysis, documentation, and evaluation are used to build a pay structure.Discover how to assess internal pay equity, market competitiveness, and overall compensation plan effectiveness.Learn how to effectively communicate compensation programs to a variety of audiences.Recognize how elements of compensation plans relate to compensation program objectivesWho Will Benefit from This Course? This essentials course is ideal for HR Generalists and other HR professionals wanting to understand compensation, including strategy, design, and impactful communications.Participants are not required to have prior experience with or knowledge of compensation design strategy or planning.Course CreditsWorldatWork Recertification:Course — 2.0 creditsCEUs:Course — 0.6 creditsHRCI Recertification:Course — 5.5 classroom hours SHRM Recertification:Course — 5.5 classroom hoursBased in India? Contact india@worldatwork.org for India-special course pricing.PoliciesView our Return/Cancellation policies and more here.
