- Business Acumen
- Critical Evaluation
Direct pay programs are vital to an organization’s success as key drivers in attracting, recognizing and retaining distinctive, crucial talent. Participants in this advanced compensation class will explore enhanced concepts to creatively design programs to meet business objectives and identify and resolve compensation challenges. Through discussion and practical exercises, participants gain familiarity with multi-faceted compensation situations, practices, and approaches.
- Budget development
- Pay equity
- Incentive pay development and evaluation of effectiveness
- Maintenance of compensation structures
- Compensation issues like compression, CPI/ECI and Focal Point Increases
HR managers, supervisors, and professionals who have a minimum of two years of Compensation experience. This class assumes that participants have knowledge of compensation basics, covered in Compensation Administration I: Base Pay Design and Development, along with two years of practical experience in administering, designing and communicating compensation programs.