Embedded Files
Introduction/Screencast
Introduction/Screencast
Compensation and Benefits
Compensation and Benefits
Employers that want to succeed in this increasingly competitive environment must have a well-designed compensation plan that motivates employees, controls compensation costs, and ensures equity. This lesson demonstrates the importance of developing an effective compensation plan and how various types of organizations are implementing compensation plans to recruit and select employees.
Performance Objective
Upon completion of this lesson, the student will develop an understanding of how organizations implement a compensation plan.
Specific Objectives
Students will be able to describe the goals of a compensation plan.
Students will be able to develop a compensation package.
Students will be able to summarize the types of pay systems.
Slides/Resources
Slides/Resources
Total Compensation Calculator
Total Compensation Calculator
HR Basics: Compensation
HR Basics: Compensation
HR Basics is a series of short courses, designed to highlight what you need to know about a particular human resource management topic. In today’s HR Basics, we explore compensation, highlighting the three elements of a base compensation system - internal alignment, external competitiveness and compensation management
HR Basics: Employee Benefits
HR Basics: Employee Benefits
HR Basics is a series of short lessons, designed to highlight what you need to know about a particular human resource management topic. In today’s HR Basics, we explore mandatory and voluntary employee benefits and their administration.
Pay Grades and Ranges
Pay Grades and Ranges
Determining the actual pay rates for individual employees is governed by the pay range within which their jobs fall. Employees in a particular job should not be paid less than the minimum amount of the pay range nor more than the maximum amount of the range.
Student Activity
Student Activity
Create A Compensation and Benefits Package
Create A Compensation and Benefits Package
Report abuse