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Course Introduction

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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: Course Introduction
Module: Setting The Foundation
Duration: 2:06

For most organizations, compensation is the single largest expense they have. If designed well, compensation plays a significant role in helping an organization attract, motivate, and retain the talent it requires for its business to be successful. Hi, I’m Pamela Sande and I’ve been helping organizations and HR professionals in the United States with their compensation and benefits initiatives for years.

This course is for HR Generalists who want to learn about the basic compensation principles and how they apply to a business so that they can be more effective in their work with an organization. The course is comprised of five modules:

  1. Strategic Compensation Basics
  2. Job Analyses, Job Descriptions, & FLSA Basics
  3. Base Pay Basics
  4. Variable Pay Basics
  5. Putting It All Together

By the end of 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
  • You should also be able to 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
  • Describe and discuss common performance metrics

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...

Pamela's Full Bio

SHRM Recertification

HR Jetpack® is an official SHRM Education Partner recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP.

HRCI Recertification

HR Jetpack® is recognized by HRCI as an approved provider to offer credit hours towards aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification.

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