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Compensation Concepts & Principles Training Class |
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Compensation Concepts & Principles Training Seminar
This course provides a framework for understanding various types of compensation approaches.
This "blended learning" course (part-self study, part instructor-led) gives you access to an instructor seven days a week, 24 hours a day from the convenience of your work or home. The instructor posts weekly lecture notes and quizzes to help you evaluate your understanding of the material. Discussion board and chat features provide a high level of interaction between the instructor and students.
Once enrolled participant will receive a password and the instructor contact information. The dates/ times for the "open discussion" topics will be sent for scheduling purposes. It will vary on how long to complete since it is a self study format. The participant will dictate the speed of the completion.
This course can be taken independently for professional development, or in conjunction with other courses to earn the Certified Employee Benefit Specialist (CEBS) or Compensation Management Specialist (CMS) designations.
It covers:- Compensation Management: A Strategic Perspective and Framework for Analysis
- Internal Alignment of Organizational Pay Structures
- Job Analysis--The Initial Step in Job-Based Pay Systems
- Job Evaluation: Measuring Content, Value, and External Market Links
- Person-Based Pay Systems
- Competitiveness and Compensation
- Designing Pay Levels, Mix and Pay Structures
- Pay for Performance
- Pay-for-Performance Plans
- Performance Appraisal
- The Benefits Determination Process
- Benefits Options
- Compensation of Special Groups and Union's Role in Wage and Salary Administration
- International Pay Systems
- Issues, Budgets and Administration of Compensation
Course & Study Materials
Textbook: Compensation, 7th edition, George T. Milkovich and Jerry M. Newman, publisher, McGraw-Hill, 2002. ISBN 0-07-243671-9
The specific pages from the textbook that are required reading for purposes of the CEBS examination are indicated in each topic in the Study Manual.
Study Manual, 1st edition and Practice Exam on CD-Rom
The Study Manual has 15 topics, as listed above. Topics contain an outline of the readings, questions and answers on subject matter, key concepts, and sample examination questions.The practice exam on CD-ROM familiarizes you with the computer-based examination process, plus helps you assess your understanding of the subject matter.
Examinations
The course examination is two hours in length and consists of 100 multiple choice questions. Automatic scoring is provided at the test site.
CEBS examinations are administered via computer at Prometric Testing Centers. A CEBS representative will contact you when your exam eligibility has been processed so that you are able to make your testing appointment.
The price of this course includes all materials, the testing fee, and the cost of shipping and handling.
Continuing Education Credits
This courses qualifies for the following continuing education credits:- PHRs, SPHRs, and GPHRs
This course qualifies for 30 hours of re-certification credits.
- Insurance Producers
Most CEBS courses are accepted for credit in those states that require continuing education credit for insurance producers. Please click here for a listing of CE hours by state.
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Price |
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$749.00
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