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Course Conclusion

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Course Conclusion

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Course: Compensation 101
Module: Conclusion
Lesson Type: Video
Lesson Duration: 1:21

Lesson Content

This concludes the Comp 101 course. By participating in this course you should be able to:

Describe the two categories of compensation

Discuss with managers and others how compensation plays an important role in driving organizational performance and be able to describe the strategic model for driving organizational performance

Describe the purpose of a compensation philosophy statement and general content

Describe methods for conducting a job analysis

Describe the content of a job description and why job descriptions are important

Discuss the importance of classifying jobs correctly and the general FLSA exemption requirements

Discuss the components of a pay structure and the types of base pay structures

Define different types of pay increases

Discuss with managers and others the pros and cons of merit increases

Describe the different types of variable pay programs

And finally, describe and discuss common performance metrics

Thanks for taking the time to learn best practices in developing and implementing a compensation strategy for your organization.

Instructor:

Pamela Sande

Pamela Sande, CCP, is the Managing Principal of Pamela Sande & Associates, LLC. Pamela has over 25 years of human resources experience in both consulting and corporate roles, including as...

Pamela's Full Bio

Module 1 0/2

Setting The Foundation

Course Introduction

Compensation Defined

Module 2 0/4

Strategic Compensation

Compensation Strategy

Strategic Model for Driving Organizational Performance

Considerations When Developing Compensation Strategy

Compensation Philosophy Statement

Module 3 0/4

Job Analysis & Description

Job Analyses and Job Descriptions Defined

Conducting Job Analyses

Job Descriptions

FLSA Exemptions

Module 4 0/4

Base Pay

Module 5 0/4

Variable Pay

Variable Pay Explained

Types of Variable Pay Programs

Designing Variable Pay Programs

Incentive Plans and Performance Metrics

Module 6 0/3

Conclusion

Putting It All Together

Course Conclusion

Quiz

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