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On-going interaction with instructor throughout the entire classroom event
Interaction with peers/professionals via face-to-face
Components (May Include)
Onsite
On-site instructor-led delivery of course modules, discussions, exercises, case studies, and application opportunities
Supplemental learning elements such as: audio/video files, tools and templates, articles and/or white papers
E-course materials available two weeks prior to the course start date; printed course materials ship directly to the event location
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Varies by course ranging from one to multiple days
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Specific requirements are clearly noted on the course page
Virtual Classroom
Ideal for those who appreciate live education instruction, but looking to save on travel. A virtual classroom affords you many of the same learning benefits as traditional–all from the convenience of your office.
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Supplemental learning elements such as: audio/video files, tools and templates, articles and/or white papers
E-course materials available up to one week prior to the course start date. Recorded playback and supplemental materials available up to seven days after the live event.
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Varies by course ranging from one to multiple sessions
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Adobe Flash Player
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Computer with sound capability and high-speed internet access
Phone line access
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A self-paced, online learning experience that allows you to study any time of day. Course material is pre-recorded by an instructor and you have the flexibility to view content modules as desired.
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Pre-recorded course modules
Supplemental learning elements such as: audio/video files, online quizzes
E-course materials start on the day of purchase
Optional purchased print material ships within 7 business days
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120 Days - Anytime
120-day access starts on the day of purchase
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Adobe Flash Player
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Computer with sound capability and high-speed internet access
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Course

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
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Learning Options

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There are no classes scheduled at this time.

Please consider a different learning method or contact our Customer Experience Team to learn about other classes and schedules.

Phone
877-951-9191 (United States and Canada)
+1 480-951-9191 (other countries)

Monday-Friday: 6:00 a.m. - 4:30 p.m. MST

Email
Email our Customer Experience Team: customerexperience@worldatwork.org

Course Credits & Certifications

RECERTIFICATION
Course: 2.0 credits
Exam: 0.5 credits
CEUs
Course: 1.5 credits
Exam: 0.3 credits
HRCI RECERTIFICATION
16.0 classroom hours
SHRM RECERTIFICATION
16 classroom hours

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

Register Online (above)

Call 877-951-9191 (United States and Canada) or +1480-951-9191 (other countries) for Customer Experience Team.

Email customerexperience@worldatwork.org.

Fax Registration Form to 866-816-2962 (United States and Canada) or +1 480-483-8352 (other countries).


Policies

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