To implement or update an effective compensation program, human resource practitioners need a familiarity with applicable laws and a working knowledge of basic pay program components. This workshop provides a foundation for understanding compensation issues, techniques and practices, plus it offers participants the opportunity to get hands-on experience in applying some of the methods presented. The workshop presents practical information on the basics and fundamentals of designing, developing, and/or realigning a compensation program.
Please note that this program contains information that is also covered in Compensation: A Market-Based Approach.
Who Should Attend
- HR professionals without formal compensation training
- Newly appointed compensation practitioners
Learning Objectives
Understand the basic components of designing a compensation system from developing a total rewards philosophy, ensuring compliance with applicable compensation regulations, analyzing market information, designing a salary grade structure and the supporting administrative and communication tools.