Introduction to Benefits and Compensation

Spring Program - HRM 103     

Schedule: May 7 - June 25, 2020
Eight Classes, Thursday, 6 to 9 pm
$699 /   CEUs: 2.4

Online Program - HRM 403

Schedule: Online, Anytime
$699 /   CEUs: 2.4

Developing, Maintaining, and Managing Plans

Total rewards encompasses six components — compensation, benefits, work-life effectiveness, recognition, performance management and talent development — that collectively define an organization's strategy to attract, motivate, retain and engage employees.  The challenge of developing, maintaining, and managing benefits and compensation plans is a critical and costly function for any organization and represent key components of a Total Reward Program.

The objective of this course is to provide a basic understanding of compensation and benefit plans including strategy, key concepts, terminology, legal & regulatory compliance, policy and plan development, structure, & design, communication and administration.

Key topics

  • Total Rewards Strategy
  • Basic Concepts, Terminology, & Definitions
  • Legal & Regulatory Compliance
  • Policy and Plan Development, Structure, and Design
  • Compensation Programs: Job analysis, evaluation, pricing, and pay structures
  • Benefit Programs and Goals
  • Administration & Communication