Compensation and Total Rewards
The compensation process is a motivational tool used for administering rewards, recognizing employees and retaining talent. Employees take cues about performance expectations seeing who get recognized and promoted. Thus, this process serves as an important mechanism to communicate what is valued by the organization. In many organizations, compensation can account for up to 40% of the operating budget. Disciplined compensation practices are not only important for ensuring employee productivity but also to control costs.
In this course, participants will learn the steps involved in developing a compensation strategy and the evidence on effective compensation practices. They will gain knowledge of the contrasting perspectives on compensation, total rewards and get introduced to special topics including sales compensation, managerial compensation, executive compensation and legal issues in compensation. The course will also teach about effective compensation strategies through case studies.
In this course, participants will build the capability to:
Tools: This course gives participants access to tools and worksheets, including:
Assessment: Each course includes an end of course assessment (quiz) and assignments to gauge learning and opportunity to practice the skills. To promote learning, participants receive feedback on right and wrong answers, as well as, guidance for reviewing the relevant sections of the course.
Discussion Boards: All participants will have access to the community board on this topic. The discussion boards can be used to post questions, start a new discussion or seek clarification from a mentor.
Other Learning Activities: Participants will have access to games, flashcards, glossary, bibliography developed to engage with the content in a fun way and assist with learning.
An interactive 3+ hour online course with case studies, assignment, tools, and activities.
Access duration for one course is one month. If purchased as part of a certification package, access duration is set by the package plan.
Participants who complete the interactive lesson and pass the course quiz will earn a certificate of completion.