Human Resources: Compensation and Benefits

Learn how to get compensation and benefits right. Learn about the strategic choices that employers make when developing a total rewards system through compensation and benefits.

0. Introduction

• Welcome

1. A Strategic Approach to Total Rewards

• What is compensation?
• Competitive strategy and total compensation strategy
• The legal framework

2. Pay Structures

• Internal alignment on pay
• Organization-specific pay
• Job-based pay
• Person-based pay

3. Paying for Performance

• Compensation package options
• The performance review process
• Incentive plans
• Executive compensation

4. Employee Benefits

• A strategic approach to compensation packages
• Legally required employee benefits
• Life and health insurance
• Retirement
• Time-off pay and employee services

5. HR Technology, International Compensation, and Benefits

• HR technology in compensation and benefits
• International compensation

6. Managing a Total Rewards System

• Total rewards budget and communication
• Total rewards system components