Compensation Training & Certification Program
Online Course: ID# 1000018
Price: $799.00
Qty:
About This Course:
Learn How To Establish, Maintain, Communicate, And Evaluate An Effective Compensation ProgramOur Compensation Training &Certification Program provides the details for establishing, maintaining, and evaluating an effective Compensation Program.
This course's award-winning interface is certified for design excellence by the American Society for Training & Development (ASTD), and contains numerous tips, examples, and interactive content so that you are confident that you are learning, and in where your strengths and weaknesses lie.
This comprehensive course covers everything from the factors that influence compensation plan design to the various types of compensation plans available, and even includes special sections on analyzing and evaluating jobs, performing market surveys, writing job descriptions, and communicating and evaluating your plan.
And when you have completed the course, you can test to earn a "Certified Compensation Administrator" designation.
What You'll Learn:By taking this course, you will be able to:
- Recognize factors that influence a compensation plan
- Cite the various compensation methods and uses (Executive Compensation, Sales Compensation, Incentive Pay, Bonuses, etc.)
- Establish an effective compensation philosophy
- Conduct job evaluations
- Collect survey data and perform market analysis
- Create job descriptions
- Develop salary ranges and grades
- Effectively communicate your compensation program
- Understand the basic ongoing tasks necessary to administer a compensation program
- Evaluate your compensation plan
- Define the laws affecting compensation
About The Compensation Training &Certification ProgramThis course is sold as an annual subscription with four components: the training course itself; access to all training materials as a resource for one full year; free updates whenever the laws change, and; a Certified Administrator designation. Access to resource materials, free updates, and a new Certificate are available for subsequent years for a low renewal fee of $99 per year.
Top FAQs
The Fair Labor Standards Act (FLSA) is a federal law that establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector.
A Compensation Plan consists of the salary, wages, commissions, benefits, and perqs paid to attract and retain employees.
The FLSA generally requires covered employers to pay nonexempt employees overtime pay of at least one and one-half times their regular rate. Employers also must keep detailed payroll records.
Compensation planning is the process of defining and implementing the strategies that will be used to attract, motivate, and retain talent to help an organization meet its operating objectives and employee needs.
Yes. Certain types of Compensation Plans do require a written plan document, plus have certain notice and reporting requirements.
ERISA does not require any employer to establish a retirement plan. It only requires that those who establish plans must meet certain minimum standards.
Some of the work involved in developing a Compensation Plan includes analyzing and evaluating jobs, performing market surveys, writing job descriptions, and communicating and evaluating your plan.
Continuing Education Credits:
Click the 'Credits' tab above for information on PHR/SPHR, PDCs, and other CE credits offered by taking this course.
View Applicable DiscountsQty: 2 - Qty: 5
$20.00
$779.00
Qty: 6 - Qty: 10
$60.00
$739.00
