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Brad Boyson
and
Rhea Bautista
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
Read more
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
Read more
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.
Register for this course and see more details by visiting:
OpenCourser.com/course/csbmc2/compensation
What's inside
Syllabus
Introduction to Compensation and Benefits
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.
Read more
Syllabus
Introduction to Compensation and Benefits
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.
Read more
Organization Structure and Compensation Strategy
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.
Benefits
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.
Payroll and Benefit Technology and Design
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.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Teaches professional skills in a high-growth industry
Develops a strong understanding of job evaluation
Explores core elements of compensation and benefits
Examines various pay systems
Covers essential topics for HR professionals
Provides a foundation for advanced study in compensation and benefits
Save this course
Save Compensation and Benefits to your list so you can find it easily later:
Save
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Compensation and Benefits with these
activities:
Review Course Materials
Show steps
Reviewing materials prepares you for the course
Browse courses on
Compensation
Show steps
-
Download provided materials
-
Take notes or make highlights of important concepts
-
Organize materials for easy access during course
Review Partial Differential Equations
Show steps
Enhances comprehension and grasp on the mathematical foundation for this course, making it easier to follow along with concepts presented.
Browse courses on
Partial Differential Equations
Show steps
-
Use existing notes and materials to refresh understanding of basic concepts
-
Look into open educational resources to supplement understanding of Partial Differential Equations
-
Attend a workshop to reinforce learning
Practice Payroll Calculations
Show steps
Provides hands-on experience in calculating payroll, solidifying the understanding of compensation structures.
Browse courses on
Payroll
Show steps
-
Find practice problems and scenarios online
-
Utilize online calculators and resources for guidance
-
Attend a workshop or webinar focused on payroll calculations
Six other activities
Expand to see all activities and additional details
Show all nine activities
Attend HR Industry Events
Show steps
Provides opportunities to connect with professionals in the field, gain insights into industry trends, and expand knowledge.
Browse courses on
Compensation and Benefits
Show steps
-
Identify relevant HR events and conferences
-
Register and attend the events
-
Network with attendees and speakers
-
Follow up with new connections
Calculate Employee Compensation
Show steps
Calculating compensation is a fundamental skill
Browse courses on
Compensation Strategy
Show steps
-
Gather employee data including job title, salary, bonuses, and benefits
-
Calculate gross and net pay for various scenarios
-
Review different pay structures and their impact on compensation
Discuss Compensation and Benefits Case Studies
Show steps
Engages in peer discussions to analyze real-life compensation and benefits scenarios, promoting critical thinking and practical application of course concepts.
Browse courses on
Compensation and Benefits
Show steps
-
Form study groups with fellow participants
-
Select case studies to discuss
-
Facilitate discussions and share insights
Create a Compensation and Benefits Resource Kit
Show steps
Develops a comprehensive resource for understanding and managing compensation and benefits strategies.
Browse courses on
Compensation and Benefits
Show steps
-
Collect articles, case studies, and industry reports on compensation and benefits trends
-
Interview HR professionals and compensation experts
-
Organize and categorize the information
Design Employee Benefit Plan
Show steps
Creating plans helps you apply what you learn
Browse courses on
Benefits
Show steps
-
Identify employee needs and objectives
-
Research different benefit options
-
Create a plan that meets employee needs and aligns with company goals
-
Write a report outlining the plan and its expected outcomes
Develop a Compensation and Benefits Strategy
Show steps
Provides a practical application of course concepts by creating a comprehensive compensation and benefits strategy for a hypothetical organization.
Browse courses on
Compensation and Benefits
Show steps
-
Define the organization's goals and objectives
-
Research industry benchmarks and best practices
-
Develop a compensation and benefits package
-
Present the strategy to stakeholders
Review Course Materials
Show steps
Reviewing materials prepares you for the course
Browse courses on
Compensation
Show steps
Show steps
Show steps
- Download provided materials
- Take notes or make highlights of important concepts
- Organize materials for easy access during course
Review Partial Differential Equations
Show steps
Enhances comprehension and grasp on the mathematical foundation for this course, making it easier to follow along with concepts presented.
Browse courses on
Partial Differential Equations
Show steps
Show steps
Show steps
- Use existing notes and materials to refresh understanding of basic concepts
- Look into open educational resources to supplement understanding of Partial Differential Equations
- Attend a workshop to reinforce learning
Practice Payroll Calculations
Show steps
Provides hands-on experience in calculating payroll, solidifying the understanding of compensation structures.
Browse courses on
Payroll
Show steps
Show steps
Show steps
- Find practice problems and scenarios online
- Utilize online calculators and resources for guidance
- Attend a workshop or webinar focused on payroll calculations
Six other activities
Expand to see all activities and additional details
Show all nine activities
Attend HR Industry Events
Show steps
Provides opportunities to connect with professionals in the field, gain insights into industry trends, and expand knowledge.
Browse courses on
Compensation and Benefits
Show steps
Show steps
Show steps
- Identify relevant HR events and conferences
- Register and attend the events
- Network with attendees and speakers
- Follow up with new connections
Calculate Employee Compensation
Show steps
Calculating compensation is a fundamental skill
Browse courses on
Compensation Strategy
Show steps
Show steps
Show steps
- Gather employee data including job title, salary, bonuses, and benefits
- Calculate gross and net pay for various scenarios
- Review different pay structures and their impact on compensation
Discuss Compensation and Benefits Case Studies
Show steps
Engages in peer discussions to analyze real-life compensation and benefits scenarios, promoting critical thinking and practical application of course concepts.
Browse courses on
Compensation and Benefits
Show steps
Show steps
Show steps
- Form study groups with fellow participants
- Select case studies to discuss
- Facilitate discussions and share insights
Create a Compensation and Benefits Resource Kit
Show steps
Develops a comprehensive resource for understanding and managing compensation and benefits strategies.
Browse courses on
Compensation and Benefits
Show steps
Show steps
Show steps
- Collect articles, case studies, and industry reports on compensation and benefits trends
- Interview HR professionals and compensation experts
- Organize and categorize the information
Design Employee Benefit Plan
Show steps
Creating plans helps you apply what you learn
Browse courses on
Benefits
Show steps
Show steps
Show steps
- Identify employee needs and objectives
- Research different benefit options
- Create a plan that meets employee needs and aligns with company goals
- Write a report outlining the plan and its expected outcomes
Develop a Compensation and Benefits Strategy
Show steps
Provides a practical application of course concepts by creating a comprehensive compensation and benefits strategy for a hypothetical organization.
Browse courses on
Compensation and Benefits
Show steps
Show steps
Show steps
- Define the organization's goals and objectives
- Research industry benchmarks and best practices
- Develop a compensation and benefits package
- Present the strategy to stakeholders
Career center
Learners who complete Compensation and Benefits will develop knowledge and skills
that may be useful to these careers:
Compensation and Benefits Manager
Compensation and Benefits Manager
The Compensation and Benefits Manager course from HRCI covers essential principles and practices related to employee compensation and benefits. This course can help you build a strong foundation in compensation and benefits management, which is crucial for this role. You will gain a comprehensive understanding ofCompensation and Benefits Manager compensation strategy, job evaluation techniques, different benefit types and options, and pay systems. This knowledge will enable you to effectively design, implement, and manage compensation and benefits programs that align with organizational objectives and employeemotivations.
Human Resources Manager
Human Resources Manager
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management. This course can help you build a solid foundation in this field, which is essential for success as a Human Resources Manager. You will gain a thorough understanding of compensation strategy, job evaluation techniques, different benefit types and options, and pay systems. This knowledge will enable you to effectively manage the compensation and benefits function within an organization.
Compensation Analyst
Compensation Analyst
The Compensation and Benefits Manager course from HRCI covers the essential principles and practices of compensation and benefits management. By taking this course, you will gain a strong foundation in this field, which is crucial for success as a Compensation Analyst. You will learn about compensation strategy, job evaluation techniques, different benefit types and options, and pay systems. This knowledge will enable you to effectively design, implement, and manage compensation programs that are aligned with organizational objectives.
Benefits Analyst
Benefits Analyst
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management. This course can help you build a solid foundation in this field, which is essential for success as a Benefits Analyst. You will gain a thorough understanding of different benefit types and options, as well as the legal and regulatory environment surrounding employee benefits. This knowledge will enable you to effectively design, implement, and manage benefits programs that meet the needs of employees and the organization.
Payroll Administrator
Payroll Administrator
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management, including payroll administration. By taking this course, you will gain a solid foundation in this field, which is essential for success as a Payroll Administrator. You will learn about different pay systems, payroll processing, and the legal and regulatory environment surrounding payroll. This knowledge will enable you to effectively manage the payroll function within an organization.
Compensation and Benefits Specialist
Compensation and Benefits Specialist
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management. This course can help you build a solid foundation in this field, which is essential for success as a Compensation and Benefits Specialist. You will gain a thorough understanding of compensation strategy, job evaluation techniques, different benefit types and options, and pay systems. This knowledge will enable you to effectively design, implement, and manage compensation and benefits programs that meet the needs of employees and the organization.
Human Resources Consultant
Human Resources Consultant
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management. This course can help you build a solid foundation in this field, which can be beneficial for HR Consultants who provide guidance on compensation and benefits to their clients.
Employee Benefits Specialist
Employee Benefits Specialist
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management, with a focus on employee benefits. This course can help you build a solid foundation in this field, which is crucial for success as an Employee Benefits Specialist. You will gain a thorough understanding of different benefit types and options, as well as the legal and regulatory environment surrounding employee benefits. This knowledge will enable you to effectively design, implement, and manage benefits programs that meet the needs of employees and the organization.
HR Business Partner
HR Business Partner
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management, which are essential for HR Business Partners to understand. By taking this course, you will gain a solid foundation in this field, which can help you provide more effective support to your clients.
Organizational Development Specialist
Organizational Development Specialist
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management, which can be beneficial for Organizational Development Specialists. By taking this course, you will gain a solid foundation in this field, which can help you better understand the compensation and benefits implications of your organizational development initiatives.
Talent Acquisition Specialist
Talent Acquisition Specialist
The Compensation and Benefits Manager course from HRCI provides a comprehensive overview of the principles and practices of compensation and benefits management, which can be beneficial for Talent Acquisition Specialists. By taking this course, you will gain a solid foundation in this field, which can help you better understand the compensation and benefits packages that you are offering to candidates.
For more career information including salaries, visit:
OpenCourser.com/course/csbmc2/compensation
Reading list
We've selected six books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Compensation and Benefits.
Covers different approaches of organizations such as the ability to pay, market pricing, and the individual's contribution or worth to the organization.
Save
Helps the reader understand employee benefit plans. It covers important topics such as the Affordable Care Act, welfare benefit plans, retirement plans, and executive compensation.
Provides a comprehensive overview of compensation and benefits. It useful resource for HR professionals and employees alike.
Is especially useful for HR professionals seeking to effectively design and manage employee compensations.
This textbook provides a comprehensive overview of human resource management, including chapters on compensation and benefits. It good resource for students and practitioners in the field.
Aids those who are interested in understanding the strategic approach to compensation management.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/csbmc2/compensation
Share
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Effort
4 weeks of study, 5-6 hours/week
Level
Introductory
Via
Coursera
Institution
HRCI
Instructors
Brad Boyson
Rhea Bautista
Language
English
Transcripts
Español
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پښتو
آذربایجان دیلی
This course belongs to a
collection
called
HRCI Human Resource Associate. It's comprised of five courses:
- Compliance and Risk Management
- Compensation and Benefits (viewing)
- Learning and Development
- Talent Acquisition
- Employee Relations
Good to know
Teaches professional skills in a high-growth industry
Develops a strong understanding of job evaluation
Explores core elements of compensation and benefits
Examines various pay systems
Covers essential topics for HR professionals
Provides a foundation for advanced study in compensation and benefits
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