Automatic Data Processing, Inc. (ADP)

Fundamentals of Compensation Strategies

Automatic Data Processing, Inc. (ADP)

Fundamentals of Compensation Strategies

This course is part of ADP Entry-Level Compensation and Benefits Analyst Professional Certificate

ADP Learning Academy

Instructor: ADP Learning Academy

Access provided by ExxonMobil

2,173 already enrolled

Gain insight into a topic and learn the fundamentals.

10 reviews

Beginner level

Recommended experience

9 hours to complete
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.

10 reviews

Beginner level

Recommended experience

9 hours to complete
Flexible schedule
Learn at your own pace

What you'll learn

  • The value created by an effective compensation strategy for both the employer and employees.

  • The regulations that influence compensation strategies, offerings, and administration.

  • The main factors and risks to consider when designing a compensation strategy that promotes fairness, transparency, and accountability.

  • How to use key metrics to evaluate the effectiveness of a company strategy.

Details to know

Shareable certificate

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Assessments

8 assignments

Taught in English

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Build your Business Strategy expertise

This course is part of the ADP Entry-Level Compensation and Benefits Analyst 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 Automatic Data Processing, Inc. (ADP)

There are 3 modules in this course

In this module of the compensation section of your program, you’ll explore fundamental compensation concepts. You’ll start with the different types of direct compensation and the points in time when employees are likely to experience changes in those compensation areas. Then, you’ll learn about regulations that influence compensation and compensation strategies, including a closer look at the Fair Labor Standards Act, definitions of exempt and non-exempt and how it impacts base compensation. Finally, after a closer look at both variable and equity compensation, you’ll consider the importance of staying current on compensation regulations and trends.

What's included

12 videos18 readings2 assignments1 discussion prompt

Now that you’re familiar with elements of compensation and related regulations, you’ll start to explore how these elements come together to create and support the compensation area of an organization’s total rewards strategy. You’ll begin by looking at common approach to creating the strategy, starting with defining the organization’s compensation philosophy. From there, you’ll touch on compensation-specific data sources and considerations, as well as common issues you may find in analyzing that data.

What's included

3 videos9 readings3 assignments1 discussion prompt

In this module of this course, you’ll turn your attention to some of the key responsibilities for a Compensation and Benefits Analyst: administering, communicating, and evaluating your organization’s compensation strategy and programs.

What's included

7 videos5 readings3 assignments

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Instructor

ADP Learning Academy
Automatic Data Processing, Inc. (ADP)
15 Courses87,958 learners

Offered by

Automatic Data Processing, Inc. (ADP)

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