Compensation Management
  • Type Validation
  • Level Intermediate
  • Time Months
  • Cost Paid
Additional Details

Compensation Management

Issued by Northeastern State University

Students investigate pay structures, internal and external pay equity, compensation packages, how to manage a compensation system, and current issues related to compensation management. Badge earners must complete the following course: MGMT 4163 - Compensation Management

  • Type Validation
  • Level Intermediate
  • Time Months
  • Cost Paid
Additional Details

Skills

Earning Criteria

  • Completion of relevant coursework in a formal classroom environment. Instructional strategies include: audio visual materials, discussion, computer-based training, practical exercises, lectures.
  • SLO 1. Explain the components of total compensation
  • SLO 2. Outline the three fundamental elements of creating an effective compensation system
  • SLO 3. Contrast traditional bases of pay with incentive pay
  • SLO 4. Compare person-focused pay with job-based pay
  • SLO 5. Explain the four primary compensable factors and why they are important to developing a compensation system
  • SLO 6. Identify discretionary benefits and legally required benefits
  • SLO 7. Recognize the different ways that global employees can be compensated
  • SLO 8. Discuss the considerations and challenges of compensating executives
  • SLO 9. Create an organization compensation plan