Organization Salary Determinations

Course Number:	04
Category:	Salary Administration
Field of Study:	Business Management & Organization
Audience:	Compensation Professionals, HR Managers, HR Generalists
Level of Difficulty:	Basic
Delivery Method:	QAS Self Study
Prerequisites:	None
Advanced Preparation:	None
SHRM BASK:	As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course covers competencies in HR Expertise with functional areas in Total Rewards.
Overview	Before establishing or adjusting a salary structure, Human Resources management must consider their organization’s internal and external labor market to make informed decisions about average job salaries that take into account: labor costs, employee productivity, employee retention, salary comparisons to competitors, cost-of-living comparisons, labor unions, and more. This pay-theory course reviews all the internal and external factors you must evaluate when making total rewards compensation determinations.
Learning Objectives:	Identify the impact of labor costs on an organization’s ability to pay Differentiate between an organization’s ability to pay and willingness to pay Identify the advantages of using comparable salaries to set pay Recognize the difference between cost of living and cost of labor Identify the impact of cost-of-living increases on salary decisions Recognize the role of unions in the labor market
Credit & Professional Continuing Education Information:	SHRM-CP/SHRM-SCP Credit Information: ERI Distance Learning Center is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP^® or SHRM-SCP^® recertification activities. This program is valid for 2 PDCs for the SHRM-CP^® or SHRM-SCP^®. For more information about certification or recertification, please visit www.shrmcertification.org. aPHR/PHR/SPHR/GPHR Credit Information: ERI Distance Learning Center is a recognized provider of recertification credits. The HR Certification Institute^® (HRCI^®) has pre-approved this activity for 2 HR (General) credit hour(s) towards aPHR^™, PHR^®, SPHR^®, and GPHR^® recertification. HR Certification Institute’s^® (www.HRCI.org) official seal confirms that ERI Distance Learning Center meets the criteria for pre-approved recertification credit(s) for any of HRCI’s eight credentials, including SPHR^® and PHR^®. CCP/CBP/GRP/WLCP Credit Information: This online course qualifies for recertification credit for the Certified Compensation Professional (CCP^®), Certified Benefits Professional^® (CBP), Global Remuneration Professional (GRP^®), and Work-Life Certified Professional (WLCP^®) designations granted by WorldatWork Society of Certified Professionals. For more information on recertification, visit the Society website at www.worldatworksociety.org. CPE QAS Self Study Credit Information: National Registry QAS Self Study - Course approved for 2 credit(s) in these states: Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Virginia, Washington, West Virginia, Wyoming Course approved for 2 credit(s) in Vermont Start Free Course Buy Courses For Credit
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