Senior Professional in Human Resources: Compensation Management


Overview/Description
Expected Duration
Lesson Objectives
Course Number
Expertise Level


Overview/Description
It's not all about the money…or is it? In this course, you'll explore the different types of compensation and how to determine how much an individual is paid and by what type of compensation based on the type of work being done. Though HR is not responsible for payroll, they are usually the first line of response, so understanding how payroll works and verifying calculations will be important. This course can be used in preparation for the HR Certification Institute® (HRCI®) SPHR® certification exam.

Expected Duration (hours)
1.4

Lesson Objectives

Senior Professional in Human Resources: Compensation Management

  • discover the key concepts covered in this course
  • define the elements of a total rewards strategy
  • define the types of total rewards
  • identify the benefits of a total reward statement
  • distinguish between direct and indirect compensation programs
  • identify the types of base payment methods
  • distinguish between the types of wage payment methods
  • identify the mandatory differentials payment method
  • identify the types of variable compensation programs
  • identify the types of incentive programs paid for based on combined efforts
  • define the types of payment variations
  • identify the elements of executive compensation
  • describe the different types of individual equity compensation programs
  • recognize the close interaction between HR and payroll processes
  • Knowledge Check: Reviewing Your Understanding of Compensation
  • summarize the key concepts covered in this course

    • Course Number:
    bs_hr25_a18_enus

    Expertise Level
    Intermediate