ILRHR 507 - Applying a Compensation Model:Internal and Legal Considerations

Institution:

Cornell University

Subject:

Description:

This course introduces the concept of Total Compensation and highlights the importance of aligning an organization's compensation plan to its strategic goals. The process of conducting an internal compensation analysis is explained, as well as the components of direct and indirect compensation, the most common methods of job evaluation, and the elements of job analysis for compensation. Who Should Take This Course Compensation practitioners, as well as HR professionals seeking to broaden their skill sets to incorporate compensation. Those new to compensation looking to maximize the day-to-day impact they can have on their organizations' compensationrelated programs. Course Format This course contains the following modules: Compensation: An Element of the Human Resource System Fundamental concepts and components of total compensation Conducting an effective compensation analysis in an organization Tying a compensation model to an organization's mission and culture Internally Consistent Compensation The role of communication relative to compensation programs Gathering internal information necessary to perform an internal compensation analysis at the structural level Legal considerations surrounding compensation (including issues related to FLSA, EEO, and ADEA) Benefits to Learner Learners who complete this course will be able to: Define the fundamental concepts and components of total compensation Recognize the value of aligning compensation to an organization's mission and culture Gather internal information necessary to perform an internal compensation analysis at the structural level Identify pertinent legal considerations surrounding compensation issues Certificate Information This course can be applied to the following certificates: HR: Benefits and Compensation Human Resources Studies Sponsoring School Cornell University's School of Industrial and Labor Relations

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.cornell.edu

Phone Number:

(607) 255-2000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.