Full course description
Start Date
August 1, 2025
Price
$150
Credential
Badge
Length
Self-paced
Commitment
5-6 hours
Format
Asynchronous
Employee Compensation
Course Description
The Employee Compensation module offers an in-depth examination of compensation strategies and systems that support organizational goals and employee motivation. It covers total rewards, including both financial and non-financial components, and explores key decisions such as wage-level determination and the economic factors that influence pay structures.
Students learn various job evaluation methods, job pricing, and pay rate administration to ensure internal equity and market competitiveness. The module also addresses incentive compensation systems, executive compensation, and compliance with relevant compensation laws and regulations. Finally, it emphasizes the importance of evaluating compensation strategy and program effectiveness to ensure alignment with organizational performance and workforce needs.
The Employee Compensation module includes the following courses:
- Total Rewards: Financial and non-financial
- The Wage-level Decision
- Economic Factors Affecting Compensation
- Job Evaluation Methods
- Job Pricing and Pay Rate Administration
- Incentive Compensation Systems
- Executive Compensation
- Compensation laws and Regulations
- Evaluating Strategy & Program Effectiveness
Learning Objectives
- Explain the components of total rewards, including both financial and non-financial compensation elements.
- Describe key factors involved in wage-level decisions and how economic conditions influence compensation strategies.
- Identify common job evaluation methods and approaches to job pricing and pay rate administration.
- Recognize different types of incentive and executive compensation systems and their strategic purposes.
- Summarize key compensation laws and regulations relevant to fair and legal pay practices.
Target Learner
This course is for anyone interested in organazational leadership.