Overview
This is an intermediate level course for those with a working knowledge of compensation. It is not intended for the advanced practitioner.
The webinar provides a detailed overview of global compensation for human resources professionals who are new to the field, experiencing international business growth, or interested in learning more about multinational compensation programs. The webinar will concentrate on key concepts that are needed to manage effective global compensation programs. Discussions will include how to deliver fair and competitive compensation programs across the globe while increasing awareness of the key differences and requirements between U.S. and international compensation plans.
Important components of a global total rewards strategy statement will be discussed as well as how job analysis and job evaluation work within a multinational organization. Examples of how to use global market data to build a multinational salary structure and budget for annual salary increases will be shared. Unique country compensation practices, such as 13th and 14th month payrolls, will also be discussed. Suggestions on short-term and long-term compensation programs within a global organization will also be provided.
The webinar will also include an overview of international assignments, related tax programs and resources to effectively manage international relocations.
After attending the program, a human resources professional should have a good understanding of how base salaries, total cash compensation, and total direct compensation is managed for a multinational organization and have a general orientation to unique programs such as international assignments to manage an international workforce.
Learning Objectives
- Developing a global total rewards strategy
- Understanding the use of job analysis and job evaluation within a multinational organization
- Using global market data and foreign exchange rates
- Building a multinational salary structure
- Managing unique international market practices
- Budgeting for global salary increases
- Managing short- and long-term incentives in a global organization
- An orientation to international assignments and related tax programs
Credit & Professional Continuing Education Information
Credit Hours - You must attend for 90 minutes to be eligible:
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SHRM-CP/SHRM-SCP: ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
- aPHR/PHR/SPHR/GPHR: ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute® (HRCI®) has pre-approved this activity for 1.5 HR (General) credit hours towards aPHR™, PHR®, SPHR®, and GPHR® recertification.
The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
- CBP/CCP/GRP/WLCP/CECP/CSCP: This webinar qualifies for recertification credit for the Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®), Certified Executive Compensation Professional (CECP™) and Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatwork.org/certification/recertification.
