Compensation Metrics and Programs: 10-Session Professional-Level Certification

How deep is your understanding of compensation? Earn your professional-level certification.

You need to understand the dramatic effect of inflation on today’s compensation expectations and change course to retain employees and attract talent.

We are offering a soup-to-nuts super-seminar to give you the powerful tools you need to master compensation. First, a five-session deep dive will show you how to gather and use compensation metrics. Then, you will apply that information in a second five-session series to develop motivational cash reward programs (market analysis, traditional pay structures, broadbanding, and variable compensation).

This program will enable you to:

• Earn two valuable certifications that demonstrate your expertise
• Align employee rewards with organizational success
• Attract and retain top talent despite inflation and a hot job market
• Communicate compensation strategies to management and employees

Part I: Compensation Metrics Certification

• Compensation program objectives
• Methodology and design for a base pay structure
• Pay range components and range spread calculations
• Use of benchmark jobs for base pay structure design
• Relevant metrics, formulas, and calculations
• Practical applications and examples of compensation metrics

Session 1.2

• Pay positioning for internal and external competitiveness
• How to determine whether salary ranges are too wide or too narrow
• Best practices for using compensation metrics to determine market targets
• Key questions about pay practices and overall compensation philosophy

Session 1.3

• Measures of compensation variability
• Analysis of competitive compensation positioning and HR policy effectiveness
• Calculations that aid in the design and analysis of compensation
• Discrimination testing

Session 1.4

• Computations and applications
• How to identify data outliers, assess internal equity, and evaluate external competitiveness
• Job evaluation and market survey data
• Using quantitative HR applications for compensation measurements

Session 1.5

• Six-step methodology for developing and implementing a base pay structure
• Discussion of various strategic applications

Part II: Cash Compensation Programs Certification

Session 2.1: Market Analysis

• Compensation program objectives
• Strategic methodologies for building base pay structures
• Job evaluation techniques
• Techniques and protocols for interpreting salary market information
• Approaches for dealing with high-demand jobs
• Techniques for market pricing hybrid jobs

Session 2.2: Pay Structures

• Pay structure design techniques and considerations
• Creating a base pay policy line
• Components and applications of pay grades
•  Market pricing and point factor approaches

Session 2.3: Pay Structures (Continued)

• Hands-on, step-by-step exercises and pragmatic examples
• Maintaining base pay structures and keeping them up-to-date
• Salary compression and solutions
• Geographic differentials

Session 2.4: Broadbanding

• Broadbanding and how it differs from traditional pay structures
• Defining control points and applying them to the broadbanding approach
• Reasons for adopting broadbanding
• Advantages and disadvantages of broadbanding
• Transforming a traditional base pay structure to a broadbanding system
• Examples of broadbanding applications

Session 2.5: Variable Pay

• Eight-step design methodology for developing variable pay programs
• Quantitative and qualitative performance measures
• Cascading performance management approach
• Variable schedules using target, threshold, and maximum payout criteria
• Total cash variability approach
• Business performance variability and the effect on payout cycling
• Managed communication approach
• Ten criteria for success and pitfalls to avoid

• This program has been approved for 10.0 general recertification credit hours toward PHR, SPHR, and GPHR recertification through the HR Certification Institute.
• This program is valid for 10.0 PDCs for the SHRM-CP or SHRM-SCP.

Employers particularly appreciate CareerLearning certifications because they represent definitive confirmation of the mastery of the subject area.

Please follow these steps to earn your certification:

• Attend all the training sessions in their entirety.
• Gain access to the final exam at the conclusion of the last session.
• Take the final exam and receive a score of 80% or better. 

CareerLearning wants you to be satisfied with your purchase. If this program does not meet your expectations, email us at support@careerlearning.com.