Home / HR Courses / Compensation 101 / Setting The Foundation / Course Introduction

Course Introduction

This video is premium content

Lesson:

Course Introduction

Course: Compensation 101
Module: Setting The Foundation
Lesson Type: Video
Lesson Duration: 2:06

Lesson Content

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:

Strategic Compensation Basics
Job Analyses, Job Descriptions, & FLSA Basics
Base Pay Basics
Variable Pay Basics
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...

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

HR Courses

Human Resources Training Programs

Self-paced HR Courses

The following HR courses are self-paced (asynchronous), and qualify for both SHRM and HRCI recertification credits. These courses are included in the HR Recertification Subscription.

Effective Disciplinary Action Policies and Procedures