Compensation and Benefits

Understanding compensation practices and policies is crucial for any business owner, HR professional, or manager. In this introductory-level course, you will consider issues surrounding the key aspects of pay policy: legal requirements, pay equity within an organization, competitive pay within the relevant industry, how and when to grant raises, and different ways payment can be structured. Earn SHRM and HRCI credit as you develop your compensation expertise.

Topics covered are:

• Comply with relevant state and federal wage and hour laws
•  Define differential pay
•  Define pay for performance
•  Describe different healthcare plans and their advantages and disadvantages
•  Describe methods of achieving pay equity
•  Differentiate between compensation systems
•  Distinguish between employees and independent contractors
•  Distinguish between exempt and nonexempt employees
•  Distinguish between legally mandated and discretionary benefits
•  Explain how compensation and benefits relate to employee motivation
•  Identify the value of benefits that help employees achieve work-life balance

This course includes:

• Approximately 3 hours of video lessons.
• A quiz with multiple-choice questions to check your understanding.