Foundations of Compensation

Applicable laws, compensation strategy, establishing the value of jobs, pay structures, pay administration, motivation, bonus plans and short-term incentives, sales incentives, pay equity, executive compensation, compensation trends, long-term incentive plans, market-based pay, competitive compensation

THEMES:

SEMINAR DESCRIPTION:

Kick-start your journey into the world of compensation with this practical, yet engaging learning experience. In this program, you will build knowledge in the fundamentals of compensation, including key legislation, designing and administering a compensation system, and communicating compensation plans to your organization. You will participate in application-based activities and discussions designed to increase your awareness and skill in such areas as incentive pay and compensation for critical business needs.

WHAT PEOPLE ARE SAYING ABOUT FOUNDATIONS OF COMPENSATION

"If you need comp 101 type training, this course is for you. 


If you feel like you have a decent handle on basic comp but want to confirm your understanding, this course is for you. 


If you're an HR practitioner who thinks he/she might be interested in specializing in comp, this is your starting point!"

Stephanie Doss

Sr. HR Business Consultant,

The Hanover Insurance Group

WHAT YOU NEED TO KNOW

Member: $1,545

Nonmember: $1,815

Pricing

Key Information

15 Professional Development Credits (PDCs)

Intended Audience

HR Knowledge Domain

People

HR professionals seeking an introduction to compensation structures and systems

HR Expertise (HR Knowledge)
Business Acumen

Analytical Aptitude

HR Competencies

Choose the Location and Date that Best Fits YOUR Schedule

2-DAY IN-PERSON PROGRAMS IN SELECT CITIES

Locations, Dates & Times:

ALEXANDRIA, VA
Oct. 23–24, 2024

Wednesday thru Thursday

8:30 AM - 5:00 PM (ET)


SHRM Education Center

330 John Carlyle Street

Alexandria, VA 22314

LIVE ONLINE PROGRAMS

*All Live Online sessions are recorded and available to watch for a full year after the program.

Dates, Days, and Times:

2-DAY LIVE ONLINE
Jun. 13–Jun. 14, 2024

Thursday thru Friday

9:00 AM - 5:30 PM (ET)

2-DAY LIVE ONLINE
Nov. 20–Nov. 21, 2024

Wednesday thru Thursday

9:00 AM - 5:30 PM (ET)

5-WEEK LIVE ONLINE
Sept. 17–Oct. 17, 2024

Tuesdays & Thursdays

12:00 PM - 1:30 PM (ET)

2-DAY LIVE ONLINE
Aug. 22–Aug. 23, 2024

Thursday thru Friday

8:30 AM - 5:30 PM (ET)

2-WEEK LIVE ONLINE
Dec. 4–Dec. 18, 2024

Wednesdays & Fridays

11:00 AM - 2:00 PM (ET)

Are you ready to take the next step?

Program Objectives

This program is designed to provide you with the knowledge and skills necessary to:

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Identify laws that affect compensation.

Understand how business strategy and compensation philosophy guide a total rewards program.

Establish job value utilizing internal and external methods and develop pay structures.

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Administer and communicate compensation programs.

Understand and evaluate short-term and long-term incentive plans.

Recognize the components of executive compensation.

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