Compensation and Benefits

Beginner Level
6 hours to complete
Flexible Schedule

Brad Boyson , Rhea Bautista

What You’ll Learn

Evaluate an organization's compensation strategy

Explain different benefit types and options

Evaluate and select an appropriate pay system for an organization's needs

Skills You’ll Gain

Compensation and Benefits Benefits Administration Job Evaluation Compensation Analysis Payroll Systems Compensation Management Payroll Human Resources Information System (HRIS) Compensation Strategy Employee Retention Human Resources

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Develop Your Specialized Knowledge

Learn new concepts from industry experts

Gain a foundational understanding of a subject or tool

Develop job-relevant skills with hands-on projects

Earn a shareable career certificate from HRCI

There are 4 modules in this course

This week you will define elements of compensation. You will also learn the different types of differential pay, making sure you understand when they apply. You will be able to describe the different compensation system elements in motivating employees.

In this upcoming week, you will describe the different elements that need to be considered when determining pay and be able to explain the difference between base pay and pay increases. You will also learn other forms of incentives as compensation. You will also explore different job evaluation techniques and describe pay performance.

In this week, you will learn different benefits types and options. You will be able to explain the different benefit types and options, including healthcare and family oriented healthcare benefits. You will also identify types of retirement plans, highlighting major differences.

This week you will learn the core components of payroll and how to appraise different types of pay systems. You will also evaluate the needs for data protection and describe the types of claims that HR deals with.