Employee Compensation (HRCI/PHR)

Overview/Description
 The Human Resource Certification Institute's (HRCI) certification examinations cover a broad range of workforce planning and employment issues, including the theories and applications associated with effective compensation. As a human resources professional, you are responsible for helping to ensure that your company's workforce possesses the skills, knowledge and abilities to meet the current and future needs of the company. This course will help you prepare for the HRCI certification examinations in the area of employee compensation. You will learn methods for effective total compensation. This course will also help you understand the necessary steps for aligning existing compensation methods to a total compensation arrangement. All the topics in this course are based on the Compensation and Benefits functional area of the HR Body of Knowledge recommended by the Society for Human Resource Management, or SHRM. This SkillSoft product has been reviewed by the Employment Practice Group of Sheehan Phinney Bass + Green. As of the date reviewed, the content of this course is in compliance with federal law and court decisions. Due to the rapidly changing nature of the law, information in this course may become outdated.

Target Audience
 Human resources professionals that are preparing for the Human Resources Certification Institute's certification examination

Expected Duration
2.5

Lesson Objectives:

Total Compensation

  • identify the benefits of implementing fair and practical compensation systems.
  • identify the three appropriate objectives for a total compensation system.
  • match examples with appropriate objectives of a total compensation system.
  • match categories of legislation related to compensation practices to their definitions.
  • match legislation categories with examples that show how the legislation influences and affects compensation practices.
  • identify strategies for developing direct compensation systems.
  • identify examples of the correct implementation of the four strategies that should be considered in developing a direct compensation system.

    • Methods for Developing Compensation Systems

  • match each method associated with developing compensation systems with the benefits it provides.
  • identify three methods used to develop compensation systems.
  • select correct descriptions of the three job evaluation methods.
  • match the three job evaluation methods to the appropriate circumstances.
  • identify ways that organizations use industry data on employee pay.
  • match elements in a pay structure that considers both external and internal perspectives with descriptions.
  • match examples with elements in a pay structure that considers both external and internal perspectives.


    • Course Number: HR0253