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Applying and Expanding a Compensation Model

Course ID: ILRHR507
Align your organization's compensation plan to its strategic goals. Use market analysis to implement changes to a compensation plan. Assess internal and external factors and create a dynamic model to administer compensation.

Description

This course introduces the concept of Total Compensation and highlights the importance of aligning an organization's compensation plan to its strategic goals.

This course also covers the application for assessing and implementing a compensation model by considering internal and external factors. Developing recommendations and implementing changes to an organization's compensation administration policies is also covered.

Who Should Take This Course?

Compensation practitioners, as well as HR professionals seeking to broaden their skill sets to incorporate compensation.

Those new to compensation looking to maximize the day-to-day impact they can have on their organizations' compensation-related programs.

Enrollment

To register, contact an Enrollment Counselor at info@ecornell.com or 1-866-326-7635 (+1-607-330-3200 from outside the United States).

Certificate programs are eligible for eCornell Payment Plans. Discounts are available for military personnel, veterans, and Cornell University Alumni. eCornell programs are not eligible for financial aid or federal Pell Grants. Contact an enrollment counselor for more information.

Next 3 Course available dates are:

March 17, 2010
March 31, 2010
April 14, 2010

Click 'Add to Cart' to see available dates beyond April 14, 2010.

Course Format

Aligning Goals and Compensation

Total Compensation and Compensation Analysis
Compensation in Organizational Settings
Communication Strategies
Internal and External Assessment
Model for Compensation Analysis
Collecting Data: Internal Data
Collecting Data: External Data
Data Analysis, Findings, Recommendations, Revisions, and Implementation
Analyzing Data and Balancing Internal and External Compensation Analysis
Recommendations, Revisions, and Implementations

Benefits to the Learner

After completing this course, participants will be able to:

Recognize the elements of direct and indirect compensation
Understand the issue of alignment regarding an organization’s compensation plan and that organization’s strategic goals
Determine an organization’s current compensation program by reviewing available documents and speaking to key individuals
Outline the steps for performing an internal analysis
Recognize the key elements of job analysis for compensation
Recognize the most common methods of job evaluation, how hierarchies are built in each one, and how certain special groups (for instance, executives and sales representatives) can be handled
Identify a model for conducting an effective compensation analysis in organizations
Conduct a market comparison as part of the compensation analysis
Recommend actions based on the results of the compensation analysis

Authoring Faculty

Carrie Shearer, Adjunct Faculty
Lisa L. Hunter, Adjunct Faculty
Susan W. Brecher, Cornell University, ILR Extension Faculty

Sponsoring School

Cornell University's School of Industrial and Labor Relations

Total Learning Time

Approximately 5-6 hours over a period of two weeks.

Certificate Information

This course can be applied toward the following certificates:

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ACE CREDIT Recommendation

This course contributes to an eCornell Certificate Program that has been recommended for college credit by the American Council on Education's College Credit Recommendation Service (CREDIT). Please refer to the Certificate information page for additional details.

HRCI Recertification

This course been approved for six (6) recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute. Please contact the Human Resource Certificate Institute (HRCI) for further information about certification or recertification.

Technical Requirements

With all eCornell courses, access is easy. Participants only need a computer and an Internet connection. To view specific technology requirements, visit our Technology Requirements page.