Employee Compensation
Ed-Next
Summary
- Exam(s) / assessment(s) is included in price
Overview
Compensation is the financial and non-financial rewards that a company gives their employees in exchange for their work, and it is based on three types of compensation decisions: pay level, pay variability, and pay structure. Pay-level decisions are based on if workers are paid below, at, or above the market average. Pay variability refers to the extent to which a company pays individuals differently. Pay structure is related to the internal pay distributions within a company. How well (or poorly) a manager compensates their workers has a big impact on if someone will go to work at a company, and whether or not they’ll stay long-term. This course discusses how organizations and managers make decisions regarding worker compensation.
Course media
Description
By the end of this course the learner will be able to:
- Describe how workers are compensated
- State several types of pay-level decisions
- Summarize how pay variability decisions effect wages
- Explain the pay structure decision
- List several types of incentive plans
You must make an 80% or higher on the final quiz to pass this online course. Once you pass the online course and complete your course survey, you will be able to print your certificate of completion from inside the course.
Who is this course for?
Anybody interested in developing leadership and management skills
Requirements
No prior qualification required
Career path
Application of principles learnt in this course
Reviews
Currently there are no reviews for this course. Be the first to leave a review.
Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.