Compensation Training & Certification Program

Full Description

Our "Compensation Training & Certification Program" course provides the details for establishing, maintaining, and evaluating an effective Compensation Program. 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.

Outcomes:

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

Assessment:

This course contains numerous End Of Lesson Quizzes to help you measure your progress and mastery of the materials. You can test to earn a "Fundamentals of Compensation" certificate upon successful completion of the program. Certification tests are comprised of 50 randomly-generated questions that are mostly multiple choice, scenario-based questions that test the students ability to apply the learned content. A score of 85 or higher is required to earn a Certificate.