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Congratulations!
You have completed ERI Distance Learning Center Course 03: Basics of Total Rewards.
You should now be able to:
- Specify what the objectives of a total rewards program may be such as competitiveness, employee motivation, performance, internal equity, cost control, and capital accumulation.
- Identify the elements of total rewards such as base pay, incentives, health plans, disability, and retirement.
- Define the role of salary surveys and market pricing in setting salaries
- Identify different kinds of short-term and long-term incentive plans and what they are used for
- Differentiate between the pay plans of legacy and new economy organizations
- Identify different types of medical plans such as HSA, HDHP, HMO, POS, and PPO
- Specify what other typical benefits plans are such as dental, vision, long-term disability, and life insurance
- Differentiate between qualified defined benefit and defined contribution plans
- Recognize different kinds of non-qualified retirement plans and why they are used
- Identify the typical perquisites that executives may receive
Looking to Benchmark Pay?
See our salary, cost-of-living, and executive compensation data in action.