Senior Professional in Human Resources: Compensation Management

Intermediate
  • 15 Videos | 1h 21m 52s
  • Includes Assessment
  • Earns a Badge
  • Certification CPE
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It's not all about the money…or is it? In this course, you'll explore the different types of compensation and how to determine how much an individual is paid and by what type of compensation based on the type of work being done. Though HR is not responsible for payroll, they are usually the first line of response, so understanding how payroll works and verifying calculations will be important. This course can be used in preparation for the HR Certification Institute(r) (HRCI(r)) SPHR(r) certification exam.

WHAT YOU WILL LEARN

  • discover the key concepts covered in this course
    define the elements of a total rewards strategy
    define the types of total rewards
    identify the benefits of a total reward statement
    distinguish between direct and indirect compensation programs
    identify the types of base payment methods
    distinguish between the types of wage payment methods
    identify the mandatory differentials payment method
  • identify the types of variable compensation programs
    identify the types of incentive programs paid for based on combined efforts
    define the types of payment variations
    identify the elements of executive compensation
    describe the different types of individual equity compensation programs
    recognize the close interaction between HR and payroll processes
    summarize the key concepts covered in this course

IN THIS COURSE

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