Fundamentals of Compensation Strategies

About this course

The Fundamentals of Compensation Strategies introduces you to the key element of total rewards: compensation. In this course, you’ll gain greater awareness of the different types of compensation and how the value of each type may vary depending on the organization and employee’s needs. You’ll look at regulatory topics that impact the compensation field and factors that promote fairness, transparency, and accountability. In the latter half of the course, you’ll look at designing a compensation strategy and the role the Compensation and Benefits Analyst plays in administering and managing to strategy elements.

What you will learn

• The value created by an effective compensation strategy for both the employer and employees.
• The regulations that influence compensation strategies, offerings, and administration.
• The main factors and risks to consider when designing a compensation strategy that promotes fairness, transparency, and accountability.
• How to use key metrics to evaluate the effectiveness of a company strategy.