Learn the Types, Theories, Pay structure, Contingent pay and Compensation design with demo
Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, an aspiring manager, or a budding HR Professional, this course is an opportunity to sharpen your leadership and management abilities, increase your efficiency for professional growth, and make a positive and lasting impact in the organization.
With this course as your guide, you learn how to:
The Frameworks for Compensation Management Course includes engaging video lectures, case studies, useful frameworks, downloadable resources, and sample models.
In this course you will:
Management of compensation in the workplace is a matter of central concern to all managers and not only to HR professionals. Therefore, all managers, irrespective of their functional areas, are called on to solve problems that involve significant Compensation Management issues. Basic knowledge and a better understanding of Compensation design would help them in solving such problems.
This course aims at imparting knowledge on compensation management with a demonstration of pay structure and payroll design plus different methodologies like performance pay, skill pay, competence pay, contribution pay, and service pay. The course includes case studies, resources like formats-templates-worksheets-reading materials, and strategic compensation management processes like executive compensation with a case study.
In the first part of the course, you’ll learn the most common compensation management processes like compensation types, theories, pay structure, scope, factors, process, and challenges of compensation management. In the second part of the course, you’ll learn how to improve your strategic compensation management and design. You will also learn the skills required for designing methodologies like performance pay, skill pay, competence pay, contribution pay, service pay, and executive compensation with a case study. In the final part of the course, you’ll develop the ability to analyze and design compensation management issues or scenarios with frameworks and models related to CTC Structure and Payroll administration.
E Learning, Consulting, Leadership Development
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This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.
If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.
