Applying a Compensation Model: Internal and Legal Considerations

Align your organization's compensation plan to its strategic goals. Use Total Compensation to conduct internal analyses and identify direct and indirect methods of compensation.

Description

This course introduces the concept of Total Compensation and highlights the importance of aligning an organization's compensation plan to its strategic goals.

The process of conducting an internal compensation analysis is explained, as well as the components of direct and indirect compensation, the most common methods of job evaluation, and the elements of job analysis for compensation.

Who Should Take This Course?

Compensation practitioners, as well as HR professionals seeking to broaden their skill sets to incorporate compensation.

Those new to compensation looking to maximize the day-to-day impact they can have on their organizations' compensation-related programs.

Course Format

eCornell takes a problem-based approach to learning, and builds each course around realistic case studies and scenarios. All courses are self-paced, and are facilitated by an eCornell instructor, who leads the online discussions and is available to answer any questions about the course content. This course contains the following modules:

• Compensation: An Element of the Human Resource System
• Fundamental concepts and components of total compensation
• Conducting an effective compensation analysis in an organization
• Tying a compensation model to an organization's mission and culture

• Internally Consistent Compensation
• The role of communication relative to compensation programs
• Gathering internal information necessary to perform an internal compensation analysis at the structural level
• Legal considerations surrounding compensation (including issues related to FLSA, EEO, and ADEA)

Benefits to the Learner

After completing this course, participants will be able to:

• Define the fundamental concepts and components of total compensation
• Recognize the value of aligning compensation to an organization's mission and culture
• Gather internal information necessary to perform an internal compensation analysis at the structural level
• Identify pertinent legal considerations surrounding compensation issues

Authoring Faculty

Cathy Lee Gibson, Cornell/ILR Extension Faculty, Associate Director Management Programs
Lisa L. Hunter, Adjunct Faculty
Deborah Peters, Teaching Associate

Sponsoring School

Cornell University's School of Industrial and Labor Relations

Total Learning Time

Approximately 5-6 hours over a period of two weeks.

Certificate Information

This course can be applied toward the following certificates:

• HR: Benefits and Compensation
• Human Resources Studies

HRCI Recertification

This course been approved for six (6) recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute. Please contact the Human Resource Certificate Institute (HRCI) for further information about certification or recertification.