Learn about compensation and benefits systems, including key elements like pay structures, performance-based incentives, and employee benefits.
Course details
To attract and retain top talent, it's crucial for companies to get compensation and benefits right. When employees feel that they're paid fairly for what they do, there's greater incentive for them to excel in the workplace. This course offers a comprehensive introduction to compensation and benefits, emphasizing the strategic role of total rewards in business competitiveness. Instructor and HR expert Wayne Cascio explores key concepts like internal pay structures, external competitiveness, and performance-based pay systems. He also explains legally required benefits, strategic benefit planning, and international compensation strategies. Plus, learn about the importance of budgeting and communication in managing a total rewards system and ensuring alignment with organizational goals.
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