Compensation and Benefits: Unlock the Power of Total Rewards
Foundations of Compensation
Intended Audience: Early to midcareer professionals.
Intended Audience: HR professionals seeking an introduction to compensation structures and systems.
Seminar Description: Are you ready to unleash the power of the right total rewards plan? Do you understand all aspects of compensation, benefits and lifestyle rewards? Learn flexible ways to make your organization competitive at securing top talent by offering rewards strategically aligned to both employees’ needs and the organization’s priorities. The right blend will help solve organizational talent needs and enable employees to thrive—ultimately impacting the bottom line. In this program, you will gain understanding of the full breadth of total rewards to develop your unique strategy in the areas of compensation, benefits and experience.
Seminar Description: Kick-start your journey into the world of compensation with this practical yet engaging learning experience. In this program, you will build knowledge in the fundamentals of compensation, including key legislation, designing and administering a compensation system, and communicating compensation plans to your organization. You will participate in application-based activities and discussions designed to increase your awareness and skill in such areas as incentive pay and compensation for critical business needs. You will walk away from this course with the foundational knowledge required for any new compensation practitioner.
Recertification: 15 professional development credits (PDCs)
Recertification: 15 professional development credits (PDCs)
HR Knowledge: People
HR Knowledge: People
Program Objectives:
HR Competencies: • Business Acumen • Consultation • Critical Evaluation • HR Expertise (HR Knowledge) • Relationship Management
Program Objectives:
• Discuss what a total rewards program is, why it is important, who it impacts and what it includes. • Evaluate the components of a compensation strategy and program for how they can be used to drive change. • Explore and evaluate a broader range of benefits that can be used to create a powerful total rewards plan. • Design an innovative total rewards package with the right combination of compensation and benefits to mutually benefit the organization and the employee. • Develop an effective total rewards communication strategy that attracts and engages your organization’s talent.
• Identify laws that affect compensation. • Understand how business strategy and compensation philosophy guide a total rewards program. • Establish job value utilizing internal and external methods and develop pay structures. • Administer and communicate compensation programs. • Understand and evaluate short-term and long-term incentive plans. • Recognize the components of executive compensation.
HR Competencies: • Analytical Aptitude • Business Acumen • HR Expertise (HR Knowledge)
Choose the course that best fits your schedule: • 2-Week Live Online
Choose the course that best fits your schedule: • 2-Day In-Person
Pricing: Member: $1,495 Nonmember: $1,765
Pricing: Member: $1,495 Nonmember: $1,765
Scan the QR Code or visit shrm.org/seminars23-FOC
Scan the QR Code or visit shrm.org/seminars23-CB
Elevate your learning even further with a SHRM Total Rewards Specialty Credential.
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