Compensation and Benefits (C&B) in the Total Rewards System - Course thumbnail
  • 10 lectures
  • 28 students
  • Has a certificate
  • The course is in English
  • Has closed captions
  • All Level
  • 4.3 Rating
  • Mike Pritula
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Compensation and Benefits (C&B) in the Total Rewards System

HR | Payroll | Job Grading | Salary Strategy | Remuneration Management | Incentives | Equity | Bonus Plans | Policy

This course teaches you to leverage Compensation & Benefits (C&B) to attract, motivate, and retain top talent by designing strategic salary structures and benefits programs aligned with business goals. Well-structured C&B is crucial for boosting employee satisfaction, engagement, and retention in today's competitive job market, as of April 2025.

Explore C&B essentials including job analysis, grading, pay structure design, market benchmarking, bonus systems, and building effective benefits packages. You'll also cover legal compliance, using salary surveys for data-driven decisions, budgeting, and implementing various employee incentives.

Designed for HR professionals and leaders seeking advanced strategies, this course provides a comprehensive understanding of C&B. You will finish equipped to design and manage competitive compensation and benefits systems that effectively secure and nurture top talent.

  • No prior knowledge of compensation and benefits is needed; all concepts will be explained from the ground up.
  • Basic understanding of HR principles is beneficial but not mandatory.
  • Access to a computer or tablet for reviewing course materials and completing exercises.
  • Willingness to engage with real-world compensation and benefits case studies.
  • A curiosity to explore market-driven salary structures and employee benefits programs.

Skills you will gain:

  • Understand the fundamentals of compensation, salary ranges, and market alignment
  • Develop effective bonus systems with ready-made formulas and criteria
  • Design and manage comprehensive employee benefits programs
  • Conduct compensation and benefits analyses to optimize HR strategies
  • Master job analysis techniques to evaluate compensation structures and bonus eligibility.
  • Implement job grading systems to align pay structures with market benchmarks.
  • Develop flexible benefits programs tailored to employee needs and organizational goals.
  • Optimize payroll budgeting strategies to ensure cost-effective compensation planning.
  • Analyze salary survey data to maintain competitive compensation and benefits offerings.
  • Apply key retention strategies through targeted bonuses and employee recognition programs.
  • Design compensation frameworks that align with business objectives and talent retention.
  • Utilize compensation analytics tools to track salary trends and benefits effectiveness.
  • Develop Cafeteria Plan models for flexible benefits customization.
  • Implement performance-based pay structures to drive productivity and engagement.

This course is for:

  • Beginners in [field]
  • Professionals looking to upskill
  • Anyone interested in [topic]