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Gain an understanding of the process, issues and techniques involved in developing and administering a compensation system. Learn how to analyze an organization to identify the components of compensation, and understand how an organization formulates a reward and compensation strategy. Practice implementing and maintain an effective compensation system.

Topics

  • The theoretical and applied aspects of the compensation function
  • The linkage between the compensation function and the organizational management process
  • The compensation system design necessary to attract, retain and motivate the required workforce

Professional Designation

Approved by the Human Resources Professionals Association (HRPA) for the following CHRP and CHRL course work requirements: Compensation

Individual Course Registration

This course is part of the Diploma program and can also be taken as an individual course for non-credit/professional development.  How many courses can you take before you have to apply to the program? 

What You Will Learn

At the completion of this course, the student will be able to:

  • Develop an understanding of the strategic framework of compensation
  • Understand the behavioural framework for compensation
  • Analyze an organization to identify the components of compensation, including base, indirect and performance pay choices
  • Understand how an organization formulates a reward and compensation strategy
  • Describe the Pay Equity Act and apply the job evaluation process to develop a compliant compensation system
  • Evaluate the labour market by analysing data from compensation surveys and labour supply
  • Understand the performance appraisal process
  • Design and develop pay for performance models of compensation
  • Design and develop indirect pay plans
  • Implement and maintain an effective compensation system

Applies Towards the Following Certificates

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Register - Select a section to enroll in

Date and Time TBA
Format

What to Expect

This is an interactive course; you will engage online with your class and instructor through our online learning management system. Plan to log into your course regularly throughout the week.

You can expect approximately six hours of work per week for discussions, readings, assignments, exams/quizzes and other course requirements.

Completion Requirements

This is a graded course. Evaluation will be based on any combination of participation, exams/quizzes and assignments.

Textbook

TBA

Required