Professional in Human Resources: Compensation 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.
Expected Duration (hours)
1.9
Lesson Objectives Professional in Human Resources: Compensation
discover the key concepts covered in this course
distinguish between direct and indirect compensation programs
recall the foundational federal laws and regulations related to foundational compensation activities
recall the federal laws and regulations related to compensation activities prior to 1995
recall the federal laws and regulations related to compensation activities after 1995
identify the types of base payment methods
distinguish the types of wage payment methods
identify the mandatory differential payment methods
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
describe the elements of executive compensation
recognize the close interaction between HR and payroll processes
troubleshoot payroll issues to address employee concerns
describe the process for calculating multiple straight-time rates of pay
calculate overtime on a piece-rate plan
recognize when the company needs to contribute to payments for tipped employees
Knowledge Check: Troubleshooting Questions about Employee Pay
summarize the key concepts covered in this course
Course Number: bs_hr23_14_enus
Expertise Level
Intermediate