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Compensation Essentials

Recertification Hours: 15
Approved for HR Credit

Intended Audience

Early Career


  • Is a specialist in a specific support function or a generalist with limited experience.
  • Typically has 0-2 years of HR experience.
  • Holds a formal title such as, but not limited to, HR Assistant, Junior Recruiter, or Benefits Clerk.

Midlevel


  • Is a generalist or senior specialist.
  • Typically has 3-7 years of HR experience.
  • Manages projects or program.
  • Holds a formal title such as, but not limited to, HR Manager, Generalist, or Senior Specialist.

Competencies

Competencies


  • Communication
  • Consultation
  • Critical Evaluation
  • Leadership & Navigation

Program Overview
Designed for entry- and mid-level HR professionals new to the field of compensation, this seminar highlights the technical competencies associated with this area of specialty. It provides an overview of the considerations necessary to develop a compensation structure and system that is internally equitable and externally competitive. The seminar outlines the process of designing a compensation structure, which includes writing a compensation philosophy, developing a compensation plan, analyzing jobs, and gathering and analyzing external market data. It also reviews the fundamentals of base compensation, pay increases, pay variations, incentive pay, and other practical compensation practices, such as writing job descriptions and establishing and administering compensation structures.

This seminar provides helpful tips on how to communicate the components of the compensation structure and system to senior management and prospective and existing employees. It also explains the relevance of federal laws to compensation (e.g., Fair Labor Standards Act, Equal Pay Act, Portal-to-Portal Act) and how to ensure compliance (e.g., determining if an employee is exempt or non-exempt) with the various aspects of the laws.

This program concludes with a brief introduction to compensation issues for specialized business needs, such as compensation for mergers and acquisitions and international business.

Program Objectives
  • Discuss key aspects of legislation that affect compensation structures and systems.
  • Design a compensation structure.
  • Administer and maintain a compensation system that aligns with an organization’s mission and vision.
  • Effectively communicate details of compensation plans initially, and when they are changed.
  • Describe incentive pay and types of pay plans for select employees.

In-Person and Virtual Seminar Schedules

TWO-DAY IN-PERSON PROGRAM
Each Day: 8:30 a.m. - – 5:00 p.m.

VIRTUAL FOUR-WEEK PROGRAM
Monday & Wednesday: 7:00 p.m. -– 8:30 p.m. ET

Questions? E-mail us at shrmeducation@shrm.org

**These are Seminar prices only and do not apply to the courses offered at SHRM conferences.



Transfers and Cancellation

Transfers


Transfers are permitted one time only within the calendar year. Transfer requests must be submitted in writing via e-mail or fax, no later than 10 business days before the program start date. You may transfer into another program that will be held before December 31, 2014. If you are unable to attend the program to which you transfer, you may send a replacement. If you are unable to send a replacement, you forfeit your registration fee. All transfers must be made in writing using our online form or can be faxed to +1.703.535.6490.

Cancellation


All cancellations must be in writing using our online form or can be faxed to +1.703.535.6490. Should the program be cancelled, SHRM is not responsible for any penalty incurred by purchasing a nonrefundable airline ticket or related travel/personal costs. Confirmed registrants may cancel and receive a full refund minus a $250 administrative fee up to 10 business days before the program. If you find that you are unable to attend and it is less than 10 business days before the program start date, you may send a replacement to attend in your place. If you are unable to send a replacement, you forfeit your registration fee.

Delivery Options & Fees

2-Day Seminar

Dec 11 - 12, 2014
Alexandria, VA, USA info
Compensation Essentials

Dec 11 - 12, 2014

SHRM

330 John Carlyle Street
Alexandria, VA 22314 

Member: $1,095.00
Non-Member: $1,370.00

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  • Ways to Register
  • On-Site Training
Phone
703.548.3440, option #3
800.283.7476, option #3
(U.S. only)
Fax registration: (703) 535-6490 Fax
703.535.6490
Mail registration: SHRM Seminars, PO Box 79482, Baltimore, MD 21279-0482

Mail
SHRM Seminars
PO Box 79482
Baltimore MD 21279

Registration Details