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.