Compensation | Salary Benchmarking | Design | Total Rewards | Equity | Job Levels | Market Data | Radford | KornFerry
β±οΈ Length: 2.6 total hours
β 4.20/5 rating
π₯ 6,405 students
π October 2025 update
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- Course Overview
- This comprehensive course empowers participants to master the intricate process of Job Evaluation, the foundational step in establishing equitable and competitive Total Rewards strategies.
- Delve into the methodologies that underpin fair compensation, moving beyond mere guesswork to a structured, data-driven approach.
- Learn to construct robust Salary Structures that align internal job value with external market realities, fostering both employee satisfaction and organizational competitiveness.
- Understand the critical role of Job Grading in creating a clear hierarchy of roles, ensuring consistent and objective assessment of responsibilities and impact.
- Explore the nuances of Pay Equity, a paramount concern in modern HR, and learn to implement systems that prevent discrimination and promote fairness.
- Gain practical insights into leveraging Market Data and Salary Benchmarking to ensure your organization’s compensation packages are attractive and sustainable.
- This course is designed for HR professionals, compensation specialists, and business leaders who are responsible for developing and managing effective compensation strategies.
- Requirements / Prerequisites
- A foundational understanding of Human Resources principles is beneficial but not strictly mandatory.
- Familiarity with organizational structures and job roles within a business context.
- An interest in analytical thinking and problem-solving related to compensation.
- Access to a computer and reliable internet connection for the online learning modules.
- While not required, prior exposure to compensation terminology or HR software may enhance the learning experience.
- Skills Covered / Tools Used
- Job Analysis and Description Crafting: Developing clear, concise, and accurate job descriptions that serve as the basis for evaluation.
- Job Evaluation Methodologies: Mastering various techniques such as point-factor, ranking, and classification systems.
- Job Grading and Leveling: Establishing a systematic approach to assigning jobs to specific grades or levels within the organizational hierarchy.
- Compensation Design Principles: Understanding the core elements and best practices in designing effective salary structures.
- Market Data Interpretation: Learning to source, analyze, and apply external market data from sources like Radford and KornFerry.
- Salary Benchmarking Techniques: Applying data to compare internal roles against external market rates.
- Pay Equity Analysis: Identifying and addressing potential pay disparities based on gender, race, or other protected characteristics.
- Total Rewards Strategy Integration: Understanding how salary structures fit within a broader total rewards framework.
- Data Visualization and Reporting: Presenting compensation data and recommendations effectively.
- Spreadsheet Software Proficiency: Practical application of tools like Microsoft Excel or Google Sheets for data manipulation and analysis.
- Benefits / Outcomes
- Develop Fair and Defensible Pay Practices: Create compensation systems that are transparent, equitable, and justifiable to employees and regulatory bodies.
- Attract and Retain Top Talent: Design competitive salary structures that make your organization an employer of choice.
- Enhance Employee Morale and Productivity: Foster a sense of fairness and appreciation through well-structured compensation plans.
- Reduce Compensation-Related Risks: Mitigate legal and reputational risks associated with pay discrimination and inequity.
- Optimize Compensation Budgets: Make informed decisions about salary investments that yield maximum return.
- Gain Strategic HR Expertise: Elevate your role within the organization by mastering a critical business function.
- Build Scalable Compensation Frameworks: Create structures that can adapt to organizational growth and changes in the market.
- Improve Internal Mobility and Career Pathing: Clearly defined job levels facilitate internal movement and employee development.
- Achieve Data-Driven Compensation Decisions: Move from intuition to informed, evidence-based compensation strategies.
- PROS
- Provides a practical, hands-on approach to building fair pay structures.
- Covers foundational concepts of job evaluation and grading with actionable steps.
- Emphasizes the importance of market data and equity for modern compensation.
- Suitable for a wide range of HR professionals seeking to enhance their compensation expertise.
- Recent update suggests content is current with industry trends.
- CONS
- While covering market data sources like Radford and KornFerry, the course may not offer deep dives into the proprietary methodologies or subscription models of these specific providers.
Learning Tracks: English,Business,Human Resources
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