PSC158 - Employee Compensation and Benefits
Course Description
Understanding compensation practices and policies is crucial for any business owner, HR professional, or manager. In this introductory-level course, consider issues surrounding the key aspects of pay policy: legal requirements, pay equity within an organization, competitive pay within the relevant industry, how and when to grant raises, and different ways payment can be structured.
Learner Outcomes
After completing this course, you'll be able to:
- Differentiate between compensation systems
- Distinguish between legally mandated and discretionary benefits
- Explain how compensation and benefits relate to employee motivation
- Describe different healthcare plans and their advantages and disadvantages
- Identify the value of benefits that help employees achieve work-life balance
- Define pay for performance
- Define differential pay
- Describe methods of achieving pay equity
- Distinguish between employees and independent contractors
- Distinguish between exempt and nonexempt employees
- Comply with relevant state and federal "wage and hour" laws
Upon completion of the course, learners may be eligible for:
- IACET CEUs: 0.3 (Contact Hours: 3 hours)
- ATD CI Credits: 3
- HRCI Credits: 3
- SHRM PDCs: 3
Please Note:
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.
Notes
This course is offered through our curriculum partner, MindEdge, Inc. MindEdge was founded in 1998 by Harvard and MIT educators with a mission to improve the way the world learns. Since then, more than three million learners have participated in MindEdge programs.
Registered students will receive individualized communication with further instructions to help you prepare for class.