In this program, you will build knowledge in the fundamentals of compensation, including key legislation, designing and administering a compensation system, and communicating compensation plans to your organisation. You will participate in application-based activities and discussions designed to increase your awareness and skill in such areas as incentive pay and compensation for critical business needs. You will walk away from this course with the foundational knowledge required for any new compensation practitioner.

• Understand how business strategy and compensation philosophy guide a total rewards program
• Identify laws that affect compensation
• Create job value using internal and external methods and develop pay structures
• Recognize the components of executive compensation

Module 1: Introduction

Module 2: Applicable Laws

Module 3: How Business Strategy Drives Compensation Strategy

Module 4: Executive Compensation Overview

Module 5: Current Trends in Compensation

Module 6: Conclusion

Module 7: Establishing the Value of Jobs

Module 8: Pay Structures

Module 9: Pay Administration

Module 10: Communication

Module 11: Show Me the Motivation

Module 12: Bonus Plans and Other Short-term Incentives

Module 13: Sales Incentives

Module 14: Pay Equity

Module 15: Think Like an Owner

As part of the training and learning during this course, photography and/or video recording of participants in action will be done.