Compensation for Business Leaders

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Course Number:21
Category:Executive Compensation
Field of Study:Personnel/HR
Audience:Executives, HR Managers, Compensation Managers, Compensation Analysts, HR Generalists
Level of Difficulty:Intermediate
Delivery Method:QAS Self Study
Prerequisites: Moderate algebraic training
Advanced Preparation:None
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, Talent Acquisition, and U.S. Employment Law and Regulations.
OverviewEmployees in top management positions have compensation packages that are custom tailored to the position. This greater complexity is necessary because top management is responsible for the success of the organization and meeting the expectations of stakeholders. Their compensation packages need to be designed to incentivize and reward results taking into account the short- and long-term goals of the organization. This course will discuss the elements of typical management compensation programs, including the use of short- and long-term incentives, cash awards, deferred compensation, and perquisites. The course then looks at the regulatory environment governing the compensation packages of today’s executives.
Learning Objectives:
  • Identify the different management levels
  • Recognize the elements of a salary structure
  • Specify methods for setting base salaries
  • Identify financial metrics that are used to measure performance
  • Recognize types of short- and long-term incentives and how they are used in executive pay
  • Identify types of deferred compensation and how they are used in executive pay
  • Identify different kinds of perquisites
  • Recognize the regulatory and legal environment of executive pay
  • Specify the role of a compensation committee and how its members are selected
  • Define “reasonable executive compensation”
  • Specify how the Dodd-Frank Act impacts executive compensation
  • Recognize the elements of a comparable peer analysis
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 2.5 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 2.5 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 2.5 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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World at Work
CPE Sponsors - Registry
CPE Sponsors - QAS
CAC
CCC

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®