Course description
Compensation Essentials
Train HR professionals to effectively articulate the rationale for developing foundational compensation programs (compensation philosophy, job evaluation, and base pay structure) and how they guide compensation decisions in alignment with organizational strategy.
This 1-hour online course is part of McLean & Company's Total Rewards Certificate within our McLean Academy learning platform, and completed courses count toward CPD/PDC hours and credits. McLean Academy is a self-paced eLearning program for HR professionals. The curriculum is built around McLean's HR framework and provides practical, outcome-driven advice on tackling HR initiatives.
After completing the 5 modules in this course learners will be able to:
- Explain how a compensation philosophy guides the creation of other compensation programs.
- Articulate how an objective job worth hierarchy promotes internal equity and the value that brings to the organization.
- Describe the basic steps of creating a base pay structure while balancing internal equity (i.e. job worth hierarchy) with external equity (i.e. market data).
Who should attend?
HR Professionals
Training content
Module 1:
Analyze Market Data
Module 2:
Create Base Pay Structure
Module 3:
Set Salary Administration Guidelines and Transparency Strategy
Costs
For more information about pricing, please visit the institute website.
Certification / Credits
Learning Outcome
Explain the rationale for developing foundational compensation programs (compensation philosophy, job evaluation, and base pay structure) and how they guide compensation decisions in alignment with organizational strategy.
About mcleanco
McLean & Company
McLean & Company is the trusted partner of HR and leadership professionals around the world. Our memberships are designed to provide what you need to drive the organization forward – from full-service assessments to practical action plans, impactful training, and...
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Contact info
McLean & Company
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