Course Introduction

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