Human Resources: Compensation and Benefits

To attract and retain top talent, it's crucial for companies to get compensation and benefits right. When employees feel that they're paid fairly for what they do, there's greater incentive for them to excel in the workplace. This course provides an overview of the strategic choices that employers must make when developing a total rewards system. HR expert Wayne Cascio addresses management, policy, and legal issues in developing pay structures, incentive plans, and benefit offerings. He discusses how to establish an effective performance review process, how pay surveys drive decisions about compensation and benefits, the role of HR technology, and more.

Learning objectives
Explain the legal framework and requirements of compensation, benefits, including life and health insurance
Demonstrate how to establish pay structures
Describe three things to consider when identifying external competitiveness in compensation and benefits
Demonstrate how to build incentive plans and performance management systems
Identify and explain two methods of executive compensation
Explain and demonstrate how to approach internal compensation
Demonstrate how to build a competitive strategy and total compensation strategy