Compensation and Benefits

The Compensation and Benefits processes belong to most important HR Processes, which are critical for the organization and modern HR organization. This Course is about managing the personnel expenses budget, setting the performance standards, setting the transparent compensation policies and introducing the competitive benefits for employees. The organization with effective compensation and benefits drives its personnel costs, manages the performance of employees and rewards the extraordinary performance.

This course covers how to pay employees. We begin by asking: “What kind of a person do I need to attract, retain, and motivate for my business to succeed?” From here, we’ll explain how to translate that pay strategy into the pay mix: the salary structure, short-term incentives, long-term incentives, and benefits that are aligned to your business objectives.

Interested in learning more about the technical aspects of compensation, but don’t know where to begin? We’ll give an overview of key the key technical skills: compliance with pay regulations, understanding stock options, shopping for health insurance and pension providers, and designing incentive plans. Lastly, we’ll discuss non-monetary methods of motivating employees. If you’re interested in learning how to pay employees, or learning where your paycheck comes from, this course is for you!