Course Number: | 04 |
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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 relates to competencies in Business and Competitive Awareness 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. |
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*The Course Credit List displays credits and credit types offered by location. |
ERI Economic Research Institute is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CP® or SHRM-SCP®