This course will provide an overview of common and specialty compensation and benefits programs found in various industries. Components of a total compensation system will be explored. Topics to be covered include: compensation and benefits compliance, common total reward systems, pay and motivation, controlling benefit costs through plan design, compensation internal and external equity, salary compression, types of compensation designs, common mistakes in reward systems, and much more. Participants in this program will learn how to review, choose, implement, administrate, and evaluate their in-house reward system.
- The Fair Labor Standards Act (FLSA)
- The ACA and health care cost controls
- Incentive pay plan options
- Various reward systems
- How to classify and pay employees legally and to market standards
- The common reasons reward systems fail and how to avoid them
- How to conduct their own compensation benchmarks and not be dependent on compensation consultants
- How to review and choose a compensation and incentive system to stimulate performance at your organization
Applies To The Following Certificate
- Human Resources Certificate : Required
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Learn More about Human Resources
Our Human Resources courses meet the needs of those individuals who are new to the HR industry, as well as seasoned veteran HR professionals looking for additional training and recertification credits to sustain their credentials.
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