Course Number: | 78 |
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Category: | Salary Administration |
Field of Study: | Business Management & Organization |
Audience: | Compensation Professionals, HR Managers, 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 and Competitive Awareness, Business Analysis, and Data Analysis with functional areas in Talent Acquisition and Total Rewards. |
Overview | Salary increases are necessary to attract, retain, recognize, and reward employees. This course examines different types of salary increases, how to plan for them, how to be market competitive and internally equitable, and how to control the salary increase budget. We will look at how to use salary surveys and age the data, the importance of a pay policy line, and three strategies for crafting a salary structure. There will be a review of different ways to recognize and reward employees and different methods and reasons for increasing base pay. Finally, we’ll demonstrate budgeting techniques and control methods that can assist you in managing your compensation costs throughout the year. |
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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®