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Compensation and Benefits

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Compensation and Benefits

This course is part of HRCI Human Resource Associate Professional Certificate

Instructors: Brad Boyson

47,522 already enrolled

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

470 reviews

Beginner level

Recommended experience

Flexible schedule

2 weeks at 10 hours a week

Learn at your own pace

96%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

470 reviews

Beginner level

Recommended experience

Flexible schedule

2 weeks at 10 hours a week

Learn at your own pace

96%

Most learners liked this course

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

Tools you'll learn

Human Resources Information System (HRIS)

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

21 assignments

Taught in English

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This course is part of the HRCI Human Resource Associate Professional Certificate

When you enroll in this course, you'll also be enrolled in this Professional Certificate.

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 course examines the intricacies of the total rewards package for employment. You will learn how to structure a compensation strategy and evaluate benefit trends in the market. You will also learn about different benefit types and options as well as various pay systems and HR technology.

By the end of this course, you will be able to: ● Explain the most common theories and motivational principles associated with total rewards ● Evaluate how your organization wants to structure compensation strategy ● Explain how job evaluation techniques are used to align compensation strategy with actual pay ● Explain different benefit types and options ● Appraise different types of pay systems No prior experience in Human Resources is needed to be successful in this course.

Module details

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.

What's included

16 videos4 readings3 assignments3 discussion prompts

16 videosTotal 31 minutes

HRCI Human Resources Associate Professional Certificate Introduction2 minutes
Course Overview: Compensation and Benefits2 minutes
Instructor Introduction1 minute
Weekly Introduction: Introduction to Compensation and Benefits1 minute
Compensation and Benefits (CAB)2 minutes
Compensation Systems3 minutes
Base Wage or Salary2 minutes
Incentives2 minutes
Benefits3 minutes
Salaried and Hourly Jobs2 minutes
Overtime2 minutes
On-call and Call-back Pay3 minutes
Reporting Pay2 minutes
Hazard Pay2 minutes
Geographic Pay2 minutes
Weekly Review: Introduction to Compensation and Benefits1 minute

4 readingsTotal 75 minutes

Course Syllabus5 minutes
How to Be Successful in This Course10 minutes
Overview: Differential Pay30 minutes
Salaried and Hourly, Exempt and Non-exempt30 minutes

3 assignmentsTotal 80 minutes

Compensation Systems15 minutes
Practice Quiz: Wages and Differential Pay15 minutes
Graded Quiz: Introduction to Compensation and Benefits50 minutes

3 discussion promptsTotal 30 minutes

Meet and Greet10 minutes
What Motivates Employees to Work?10 minutes
Geographic Pay and Remote Work10 minutes

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.

What's included

24 videos4 readings5 assignments3 discussion prompts

24 videosTotal 61 minutes

Weekly Introduction: Organization Structure and Compensation1 minute
Compensation Considerations2 minutes
Competitive Pay2 minutes
Job Pricing, Pay Rates and Pay Ranges4 minutes
Pay Gaps3 minutes
Incentives2 minutes
Raises3 minutes
Job Evaluation4 minutes
Pay Ranges and Broadbanding2 minutes
Wage Compression2 minutes
Compa Ratio3 minutes
Internal and External Equity2 minutes
Pay and Salary Surveys and Market Compensation4 minutes
Example: Determining Base Salary3 minutes
Pay for Performance4 minutes
Commissions2 minutes
Merit Pay4 minutes
Group Incentive Pay2 minutes
Profit Sharing3 minutes
Skill Pay1 minute
Service Awards2 minutes
Spot Bonus2 minutes
Tailoring Incentives to Your Organization2 minutes
Weekly Review: Organization Structure and Compensation1 minute

4 readingsTotal 31 minutes

Stock, Stock Options and Vesting7 minutes
Union Pay7 minutes
Legislation and Compensation7 minutes
Payroll Systems and the Paycheck10 minutes

5 assignmentsTotal 135 minutes

Practice Quiz: Compensation Considerations15 minutes
Wage Equity25 minutes
Self-Review Activity: determining base salary30 minutes
Practice Quiz: Pay for Performance and Incentives15 minutes
Graded Quiz: Organization Structure and Compensation50 minutes

3 discussion promptsTotal 30 minutes

The Gender Pay Gap10 minutes
Pay Surveys10 minutes
Group Incentive Pay10 minutes

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.

What's included

26 videos9 readings6 assignments3 discussion prompts

26 videosTotal 65 minutes

Weekly Introduction: Benefits1 minute
Employers and Benefits3 minutes
Total Rewards Strategy and Statement3 minutes
The Cost of Benefits2 minutes
How Employers Reduce the Cost of Benefits5 minutes
Healthcare and Its Challenges3 minutes
Different Components of Health Benefits3 minutes
Health Insurance Plans4 minutes
Other Insurance Benefits3 minutes
Social Security and Medicare3 minutes
Benefits and Work-Life Balance2 minutes
Family and Medical Leave Act (FMLA)3 minutes
Childcare Benefits2 minutes
Employee Assistance Programs (EAPs)2 minutes
Time-off Allowances2 minutes
Volunteer Time-off3 minutes
Remote Work1 minute
Relocation Assistance2 minutes
Tailoring Your Benefits Strategy2 minutes
Retirement Plan Fundamentals4 minutes
Qualified Retirement Plans2 minutes
401(k) Plans3 minutes
IRA and Roth IRA2 minutes
457 Plans2 minutes
Simplified Employee Pension Plan2 minutes
Weekly Review: Benefits1 minute

9 readingsTotal 73 minutes

Defined Benefits and 401(k)10 minutes
Overview: Health insurance plans10 minutes
Summary Plan Description7 minutes
The Four Parts of Medicare7 minutes
Family and Medical Leave Act (FMLA)7 minutes
Flexible Spending Account10 minutes
Actual Deferral Percentage Test10 minutes
Economic Growth and Tax Relief Reconciliation Act5 minutes
Qualified Domestic Relations Order7 minutes

6 assignmentsTotal 140 minutes

Practice Quiz: Introduction to Benefits15 minutes
Practice Quiz: Healthcare as a Benefit15 minutes
Self-Review Activity: Family-oriented benefits30 minutes
Practice Quiz: Family-Oriented Benefits15 minutes
Practice Quiz: Retirement Plans15 minutes
Graded Quiz: Benefits50 minutes

3 discussion promptsTotal 30 minutes

How to Best Communicate a Total Rewards Package10 minutes
Importance of Benefits10 minutes
Saving for Retirement10 minutes

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.