Course Number:72
Category:Incentive Compensation
Field of Study:Management Advisory Services
Audience:HR Managers, Compensation Managers, Compensation Analysts, HR Generalists, Managers
Level of Difficulty:Intermediate
Delivery Method:QAS Self Study
Prerequisites: DLC Course 03
Advanced Preparation:DLC Courses 18, 21, and 75
SHRM BoCK:SHRM BoCK: As defined by the SHRM Body of Competency and Knowledge TM, this self-study course covers competency topics related to managing internal and external relationships with the knowledge areas being compensation and benefits and talent management.
OverviewThis course teaches compensation professionals how to select and administer variable pay plans for tax-exempt organizations. With a special focus on the importance of variable pay in executive compensation packages, you’ll learn the different types of variable pay plans available. You’ll also find out the factors that must be considered in their design. Finally, you’ll review the administration of variable plans and how to avoid common problems.
Learning Objectives:
  • Recognize the rise in use of variable pay for motivating and retaining tax-exempt organizations’ management teams
  • Identify the different types of variable pay
  • Determine the jobs for which variable pay is suitable
  • Identify best practices for setting up an incentive pay plan
  • Determine steps to maintain a variable pay plan effectively
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 the SHRM-CPSM or SHRM-SCPSM. This program is valid for 2.5 PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.

    SHRM Preferred Provider
  • PHR/GPHR/SPHR/aPHR Credit Information:

    This course has been approved for 2.5 HR recertification credit hours toward PHR®, SPHR®, GPHR® and aPHR recertification through the HR Certification Institute. Please be sure to note the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.

    HRCI Approved Provider
    The use of this seal is not an endorsement by HRCI of the quality of the program. It means that this program has met HRCI’s criteria to be pre–approved for recertification credit.
  • 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 2.5 credit(s) in these states:

    Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, 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, Virginia, Washington, West Virginia, Wyoming

    Course approved for 2 credit(s) in Vermont

Additional Information:
*The Course Credit List displays credits and credit types offered by location.
World at Work CPE Sponsors - Registry CPE Sponsors - QAS CCC CAC

The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/