A compensation system is part of a total rewards system that, if designed correctly, engages and retains talent for an organization. This course delves into the details of the direct compensation system, the money that organizations pay employees. It covers the elements of a compensation system, the advantages and disadvantages of base and incentive pay, how to price jobs, the legal and ethical aspects of compensation, and the issue of pay equity. Learners will engage with real-world scenarios and case studies as they learn how to design and adjust a compensation system.
, Human Resource Management
3 HR Credits
Understanding compensation practices and policies is crucial for any business owner, HR professional, or manager. In this introductory-level course, you will consider issues surrounding the key aspects of pay policy: legal requirements, pay equity wi
, Human Resource Management
4 HR Credits
Effective communication regarding compensation and benefits is vital for any organization. Shortcomings in communicating total reward packages can result in a failure to attract or retain top talent, while effective compensation communication assists
