Compensation Management
Compensation Management, available at $29.99, has an average rating of 4, with 12 lectures, based on 11 reviews, and has 417 subscribers.
You will learn about What is Compensation Management Economic Theories and Compensation Management Compensation Management and Job Design Performance-Related Compensation Negotiation in Compensation Attrition and Compensation Management Executive Compensation Sales Compensation Plans Strategic Compensation Management Quantitative Tools and Innovation in Compensation International Compensation Management This course is ideal for individuals who are Working professionals or Management or Managers and Supervisors or Finance professionals or Human Resource Staff It is particularly useful for Working professionals or Management or Managers and Supervisors or Finance professionals or Human Resource Staff.
Enroll now: Compensation Management
Summary
Title: Compensation Management
Price: $29.99
Average Rating: 4
Number of Lectures: 12
Number of Published Lectures: 12
Number of Curriculum Items: 12
Number of Published Curriculum Objects: 12
Original Price: $22.99
Quality Status: approved
Status: Live
What You Will Learn
- What is Compensation Management
- Economic Theories and Compensation Management
- Compensation Management and Job Design
- Performance-Related Compensation
- Negotiation in Compensation
- Attrition and Compensation Management
- Executive Compensation
- Sales Compensation Plans
- Strategic Compensation Management
- Quantitative Tools and Innovation in Compensation
- International Compensation Management
Who Should Attend
- Working professionals
- Management
- Managers and Supervisors
- Finance professionals
- Human Resource Staff
Target Audiences
- Working professionals
- Management
- Managers and Supervisors
- Finance professionals
- Human Resource Staff
Compensation should be viewed as the strategic management of wages and salaries.Compensation management strives for internal and external equity. Internal equity requires that pay be related to the relative worth of a job so that similar jobs get similar pay. External equity means paying workers what other firms in the labor market pay comparable workers.
The objective of efficiency are reflected in attempts to link a part of wages to productivity or profit, group or individual performance, acquisition and application of skills and so on. It can be achieved through high employment levels and low inflation. It implies that employees will move to wherever they receive a net gain. Market rates as affected by supply, demand, and general movements in pay levels. Salary relativities between jobs within the organization depending on the values attached to different jobs.
To an employee, pay is a primary reason for working. For some individuals, it may be the only reason. For most of us, it is the means by which we provide for our own and our family’s needs. Compensation is also important to organization. It represents a large proportion of expenditure. Compensation is also significant in the operation of the economy.
There are 3 core decisions, those involving pay level, pay structure, and pay system. Supporting there are 3 other decisions, concerning pay form, pay treatment for special groups, and pay administration. All the decisions are influenced by a number of environmental and organizational variable. Examples of their variables are the economic, social/cultural, and legal environments; as well as the organization’s structure and workforce.
Compensation decisions are also affected by the dynamics of the particular organization. Employee pay must be consistent within the organization structure. Finally, compensation decisions are affected by the worldwide information highway. The social environment is changing dramatically, following the entry of women into the workforce. Valuing diversity while taking compensation decisions is very important.
Victor Vroom formulated Valence Instrumentality Expectancy (VIE) theory. Valence stands for value, Instrumentality is the belief that if we do one thing it will lead to another, and expectancy is the probability that action or effort will lead to an outcome. An incentive or bonus scheme works only if the link between effort and reward is clear, and the value of the reward is worth the effort.
Course Curriculum
Chapter 1: Course Content
Lecture 1: Compensation-Management-Introduction
Lecture 2: What is Compensation Management
Lecture 3: Economic Theories and Compensation Management
Lecture 4: Compensation Management and Job Design
Lecture 5: Performance-Related Compensation
Lecture 6: Negotiation in Compensation
Lecture 7: Attrition and Compensation Management
Lecture 8: Executive Compensation
Lecture 9: Sales Compensation Plans
Lecture 10: Strategic Compensation Management
Lecture 11: Quantitative Tools and Innovation in Compensation
Lecture 12: International Compensation Management
Instructors
-
Management Study Guide
pave your way to success
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 1 votes
- 3 stars: 2 votes
- 4 stars: 3 votes
- 5 stars: 5 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
You may also like
- Top 10 Video Editing Courses to Learn in November 2024
- Top 10 Music Production Courses to Learn in November 2024
- Top 10 Animation Courses to Learn in November 2024
- Top 10 Digital Illustration Courses to Learn in November 2024
- Top 10 Renewable Energy Courses to Learn in November 2024
- Top 10 Sustainable Living Courses to Learn in November 2024
- Top 10 Ethical AI Courses to Learn in November 2024
- Top 10 Cybersecurity Fundamentals Courses to Learn in November 2024
- Top 10 Smart Home Technology Courses to Learn in November 2024
- Top 10 Holistic Health Courses to Learn in November 2024
- Top 10 Nutrition And Diet Planning Courses to Learn in November 2024
- Top 10 Yoga Instruction Courses to Learn in November 2024
- Top 10 Stress Management Courses to Learn in November 2024
- Top 10 Mindfulness Meditation Courses to Learn in November 2024
- Top 10 Life Coaching Courses to Learn in November 2024
- Top 10 Career Development Courses to Learn in November 2024
- Top 10 Relationship Building Courses to Learn in November 2024
- Top 10 Parenting Skills Courses to Learn in November 2024
- Top 10 Home Improvement Courses to Learn in November 2024
- Top 10 Gardening Courses to Learn in November 2024