Compensation is intended to attract, retain, and reward employees. And it’s almost as much an art as a science. As an HR generalist, you need a clear understanding of the logic behind various strategies to administer compensation plans and explain decisions.
In this course, you’ll learn about the key components of a compensation plan, the laws that impact compensation, use of salary survey data, union influence, sales and executive compensation issues, and factors in a successful compensation program.
This course is designed for an HR generalist or representative who has little or no background in compensation and wants a broad overview of compensation practices and trends.
Course Outcomes
At the end of this course, you’ll be able to:
- understand the role of compensation and laws impacting compensation.
- identify the components of an effective compensation system.
- evaluate salary survey data.
- explore the factors of a successful compensation program.
This course, through the University of Minnesota College of Continuing and Professional Studies, is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP® recertification activities.
