Compensation Fundamentals Seminar # 8890
Compensation Fundamentals is no longer available as an open enrollment seminar, but it can be delivered at your site. Please consider these alternative solutions to your development needs:
- Review AMA’s complete seminar offerings in Human Resource Management.
- Call 1-877-566-9441 to speak to a sales representative about bringing this or a similar seminar to your workplace.
- Request a copy of AMA’s most recent seminar catalog.
In cooperation with WorldatWork, AMA now offers you their Compensation Fundamentals seminar to help you attract, motivate and retain your employees. Learn the elements of a total rewards program, the total rewards model and elements of compensation.
This basic-level, one-day seminar is an overview of the concept of developing a total rewards strategy. It discusses elements of a total rewards program, the total rewards model and elements of compensation.
What You Will Cover
- The Compensation Component of Total Rewards
- Definition of total rewards
- Total rewards model
- Why the total rewards approach?
- The total rewards design process
- Compensation
- Elements of compensation
- Objectives of compensation
- Compensation goals and tools
- Legal/Regulatory Environment
- Pay and legal issues—how much do you know?
- Fair Labor Standards Act
- Equal Pay Act
- Title VII–Civil Rights Act
- Other statutes and regulations
- Job Evaluation
- Terms and definitions
- Job analysis
- Job documentation
- Job description format
- Job evaluation
- External Competitiveness and Pay Structures
- Job pricing
- Relevant labor markets
- Types of compensation information available
- Sources of survey data
- Data analysis
- Determining market position
- Developing a base pay policy line
- Organization response to market data
- Pay range design issues
- Maintaining pay structures
- Base Pay Determination
- Pay approaches
- Job-based pay
- Person-based pay
- Range divisions
- Position in range
- Merit pay
- Characteristics of a sound performance appraisal system
- Alternatives to base pay
- Effective compensation strategies
Who Should Attend
This seminar is designed for HR professionals with no prior compensation experience. Line managers and supervisors, HR financial and payroll personnel, small-business owners, entrepreneurs, and members of job-evaluation and compensation committees can all benefit from this seminar.