Strategic Approaches to Total Rewards HRCI SPHR

One of the largest expenditures for organizations is often employee salaries and benefits. Developing an integrated compensation and benefits program that aligns with strategic goals is essential for HR today. This course examines how compensation and benefits programs are changing. The course looks at how the total rewards system is becoming more popular and assesses how organizations need to revisit their compensation and benefits program to better fit their strategic goals and objectives. All the topics in this course are based on the Total Rewards functional area of the HR Body of Knowledge recommended by the Society for Human Resource Management (SHRM). This course prepares HR professionals and managers who are preparing for the Human Resource Certification Institute's Senior Professional in Human Resources (SPHR) certification examination. Due to the rapidly changing nature of the law, information in this course may become outdated.

Familiarity with HRCI Body of Knowledge at the HRCI/PHR level

Human resource managers; leaders and professionals who are preparing for the Human Resource Certification Institute's (HRCI) Senior Professional in Human Resources (SPHR) certification examination; compensation and benefits analysts; staffing managers; recruitment consultants

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Course Overview|Lesson Overview| - identify the benefits of using a total compensation strategy|Total Compensation| - match the components of total compensation to their examples|Reward Systems and New Forms of Pay| - differentiate between broadbanding and variable pay|A Strategic Compensation Process| - recognize how to implement a strategic compensation process in a given scenario| - identify the common characteristics of an executive compensation package|Evaluating Your Compensation System| - recognize how to implement a strategic compensation system evaluation| - identify issues that affect total compensation when dealing with expatriates and foreign nationals|Lesson Overview| - identify the factors that influence employers to provide indirect compensation| - recognize the importance of being able to analyze and administer company benefits effectively|Benefits Problems, Emergencies, and Solutions| - recognize examples of solutions to problems associated with benefits|Administering Benefits| - recognize the elements to consider when developing a benefits policy| - sequence the steps of a benefit needs analysis|

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