Compensation and Benefits: Managing Policies, Programs, and Activities

Overview/Description
This course examines compensation policies, programs, and activities. Instruction is provided on job evaluations, pricing, and pay structures, as well as common organizational pay programs. Compensation policies and programs are also discussed, as well as how to manage payroll-related information. This course is created to help HR professionals preparing for the Human Resource Certification Institute's (HRCI) PHR and SPHR certification examinations. The content in this course is based on the responsibility and knowledge statements of the PHR and SPHR Body of Knowledge of Society for Human Resource Management (SHRM).

Target Audience
Human resource professionals, managers, and all individuals preparing for the PHR and SPHR certification examinations of Human Resource Certification Institute (HRCI); compensation and benefits analysts, administrators, staffing managers, and recruiters will also have interest in this certification path

Expected Duration (hours)
0.5

Lesson Objectives

Compensation and Benefits: Managing Policies, Programs, and Activities

describe job evaluation methods

describe the components of pay structures

describe various types of base-pay systems

identify examples of situations suited to differential pay

identify types of incentive pay plans

recognize FLSA requirements for payroll record-keeping

identify the components of employee master files

identify the key considerations for choosing a payroll system