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Compensation Essentials

Recertification Hours: 15

Intended Audience & Competencies
Intended Audience - Mid-Level
  • 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
Communication
Consultation
Critical Evaluation
Relationship Management

Program Overview
This seminar highlights technical competencies related to compensation, and itÂ’s appropriate for entry- and mid-level HR professionals who are new to the field of compensation. 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.

Daily Schedule
TWO-DAY PROGRAM
Each Day: 8:30 a.m. - 5:00 p.m.

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

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

Delivery Options & Fees

2-Day Seminar

Sold Out

Apr 14 - 15, 2014
Alexandria, VA, USA
Member: $1,095.00
Non-Member: $1,370.00
Apr 29 - 30, 2014
Seattle, WA, USA
Member: $1,095.00
Non-Member: $1,370.00
May 6 - 7, 2014
Austin, TX, USA
Member: $1,095.00
Non-Member: $1,370.00

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$170.00
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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

Organizational
Training &
Development

Fax registration: (703) 535-6490 Bring this program to your
organization, contact
OrgTraining@shrm.org
or +1-703-535-6496