Compensation 101
- Format: Self-paced
- Course Duration: 1 hr 8 mins
- SHRM Professional Development Credits: 1.0
- HRCI General Recertification Credits: 1.25
- Certificate of Completion (after passing quiz)
Compensation plays a significant role in an organization's success. A compensation strategy must be designed well to attract and retain talent. As the single largest expense for most companies, it's imperative to develop the right pay structure and appropriate recognition methods. This course is for HR Generalists who need to learn basic compensation principles and their application to the business. During this course, you'll learn about developing a compensation strategy, methods for conducting a job analysis, developing job descriptions, and setting up base and variable pay structures. Compensation is one of those topics you must understand to not only drive the success of your business but also build essential skills for a successful career in HR.
SHRM:
HR Jetpack is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1.0 PDCs for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit shrmcertification.org.
HRCI:
This activity, has been approved for 1.25 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
The use of the HRCI seal confirms that this activity has met HR Certification Institute's® (HRCI®) criteria for recertification credit pre-approval.
Title: Job Analyses and Job Descriptions Defined
Module: Job Analysis & Description
Duration: 0:43
In this module, we’ll focus on the basics of job analyses, job descriptions and, in the US, FLSA, also referred to as the Fair Labor Standards Act.
Job analysis is a systematic process for collecting the data required to determine in detail the tasks, competencies, and requirements for a job. The outcome of conducting a job analysis is a job description.
A job description is a written document that describes a job, including the:
- Job title
- FLSA classification
- Supervisory responsibilities
- Essential job functions
- Job requirements
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Lessons Not Completed:
- Course Introduction
- Compensation Defined
- Compensation Strategy
- Strategic Model for Driving Organizational Performance
- Considerations When Developing Compensation Strategy
- Compensation Philosophy Statement
- Job Analyses and Job Descriptions Defined
- Conducting Job Analyses
- Job Descriptions
- FLSA Exemptions
- Base Pay Definitions
- Overtime
- Pay Structures
- Salary Adjustments
- Variable Pay Explained
- Types of Variable Pay Programs
- Designing Variable Pay Programs
- Incentive Plans and Performance Metrics
- Putting It All Together
- Course Conclusion
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 an HR executive and as a specialist in designing total rewards programs that drive organizational performance.
In her current role as Managing Principal, Pamela and...