Compensation and Benefits Strategies

Overview/Description
The largest expenditure for organizations is often employee salaries and benefits. Developing an integrated compensation and benefits program that aligns with strategic goals is essential for HR today. This course examines how compensation and benefits programs are changing. The course looks at how the total rewards system is becoming more popular and assesses how organizations need to revisit their compensation and benefits program to better fit their strategic goals and objectives. This course prepares HR professionals and managers who are preparing for the Human Resource Certification Institute's Senior Professional in Human Resources (SPHR) certification examination.

Target Audience


Human resource managers; leaders and professionals who are preparing for the Human Resource Certification Institute's (HRCI) Senior Professional in Human Resources (SPHR) certification examination; compensation and benefits analysts; staffing managers; recruitment consultants

Expected Duration


3.0 hours

Objectives :

Lesson Overview

  • identify the benefits of using a total compensation strategy

    • Total Compensation and Technology

  • match the components of total compensation to their examples
  • recognize how technology can be used to make compensation systems more effective

    • Reward Systems and New Forms of Pay

  • match the rewards options to their limitations and benefits

    • A Strategic Compensation Process

  • recognize how to implement a strategic compensation process in a given scenario

    • Evaluating Your Compensation System

  • recognize how to implement a strategic compensation system evaluation

    • Lesson Overview

  • identify the factors that influence employers to provide indirect compensation
  • recognize the importance of being able to analyze and administer company benefits effectively

    • Benefits Problems, Emergencies, and Solutions

  • recognize examples of solutions to problems associated with benefits

    • Administering Benefits

  • recognize the elements to consider when developing a benefits policy

    • Benefit Needs Analysis

  • assess a benefits plan


    • Course Number: hr_01_a05_bs_enus