Compensation plays an essential role in attracting and retaining the key talent you need in your organization. It’s important to understand how to leverage compensation in such a way that it benefits both the talented employees and the organization as a whole. The Compensation Studies Certificate will give you the confidence and skills to articulate key compensation factors within your organization, assess compensation needs, align those needs with your organizational strategy and goals, use compensation to attract and retain top talent, and evaluate the effectiveness of pay-for-performance practices.
The certificate is ideal for individuals working to improve their organization’s compensation system so that it functions more effectively and aligns with their organization’s strategic, financial, and institutional objectives.
The courses in this certificate will equip you to:
- Recognize and apply elements of the total-rewards framework
- Identify how to effectively communicate and implement a compensation plan
- Determine ways to align the compensation strategy to the talent strategy
- Define performance in a contextually appropriate manner
- Recognize differences within the workforce that either facilitate pay for performance or make pay for performance more challenging
- Identify opportunities to improve pay-for-performance practices that are counterproductive or misaligned with organizations’ needs
- Choose pay-for-performance elements to attract and retain key talent and superstars
- Critically assess the improvements in attraction, retention, productivity, engagement and motivation associated with pay-for-performance systems
Who should enroll in this certificate?
This certificate program is ideal for current and aspiring human resource professionals. This includes new and intermediate-level HR professionals, including lower-level specialists in Compensation and Benefits as well as HR Generalists looking to specialize or round out their skills. Additional audiences may include higher-level HR professionals in small companies who need to be conversant in compensation issues, high-level operational and financial decision makers outside HR who need to be conversant in compensation issues, and governments/nonprofits interested in pay for performance. This is primarily geared to organizations that operate in the US or whose headquarters are in the US.