Human Resources: Compensation and Benefits for the US

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 offers a comprehensive introduction to compensation and benefits, emphasizing the strategic role of total rewards in business competitiveness. Instructor and HR expert Wayne Cascio explores key concepts like internal pay structures, external competitiveness, and performance-based pay systems. He also explains legally required benefits, strategic benefit planning, and international compensation strategies. Plus, learn about the importance of budgeting and communication in managing a total rewards system and ensuring alignment with organizational goals.

Learning objectives
Define key components of compensation, including pay structures, performance incentives, and employee benefits.
Explain the links between competitive strategy and compensation strategy, as well as the legal framework governing employee compensation and benefits.
Analyze how external market comparisons influence decisions on pay levels and pay mix in a total rewards system.
Assess various compensation strategies, including individual, team, and executive compensation plans, based on their effectiveness in motivating employees.
Develop a strategic approach to managing compensation, benefits, and employee rewards that aligns with both organizational objectives and legal requirements.