Compensation Committees: Framework for Executive Compensation Alignment

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Course Number:26
Category:Executive Compensation
Field of Study:Specialized Knowledge
Audience:Executives, Compensation Committee Members, HR Managers, Compensation Managers, Compensation Analysts, HR Generalists, Business Valuation Professionals
Level of Difficulty:Intermediate
Delivery Method:QAS Self Study
Prerequisites: None
Advanced Preparation:DLC Courses 12 and 21
SHRM BASK:As defined by the SHRM Body of Applied Skills and Knowledge (BASK), this self-study course relates to competencies in Business Analysis, Business and Competitive Awareness, and Strategic Alignment with functional areas in Total Rewards, Structure of the HR Function, and U.S. Employment Law and Regulations.
OverviewCompensation committees are responsible for the effective design and evaluation of executive compensation programs. These generally focus on achieving short-term operating plan execution coupled with long-term sustainable business performance alignment. The framework within which these responsibilities are fulfilled entails assessing the current business environment, identifying drivers of business strategy, evaluating the impact of regulatory requirements, and engaging with complex and demanding constituencies.

This course will review the rules on executive compensation packages and golden parachutes and discuss the compensation committee's roles and responsibilities in:
  1. Designing, reviewing, and overseeing the organization’s executive compensation program
  2. Communicating the strategy and goal of the executive compensation program
  3. Determining whether the current program is meeting its goals and is competitive
  4. Assessing recommendations for changes in accordance with this review
  5. Identifying resources and best practices to aid in fulfilling responsibilities
Learning Objectives:
  • Recognize the requirements of the regulatory framework for executive compensation programs
  • Identify the evolving role and responsibilities of a compensation committee
  • Determine an effective strategy and structure for an executive compensation program
  • Specify what executive compensation information is needed so shareholders and interested third parties can make informed decisions
  • Recognize how to best leverage board and third-party subject matter experts while still ensuring proper governance, independence, and oversight
  • Define the practices of review, oversight, and recommendation
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.

    SHRM Preferred Provider

  • 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.

    HRCI Approved Provider
    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

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Additional Information:
*The Course Credit List displays credits and credit types offered by location.
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CPE Sponsors - QAS
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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/

ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®