Course
Overview
This basic-level course is
specifically designed to be the first course in the
Certified Compensation Professional (CCP)/Certified
Benefits Professional (CBP) sequence. Participants are
introduced to the total rewards model and each of its
components. Emphasis is given to the five elements of
total rewards: compensation, benefits, work-life,
performance and recognition, and development and career
opportunities.
Who
Should Attend
This course is
intended for those new to the compensation and benefits
field or for generalists with limited exposure to
compensation and benefits functions seeking a basic
overview of total rewards.
What You
will Learn
Introduction
to Total Rewards
Begins the discussion of total rewards management by
defining total rewards and looking at the process of
developing a total rewards strategy.
- The evolution of
rewards
- The total rewards
model
- The total rewards
approach
- The total rewards
strategy
Compensation
Explains compensation, including the elements of a
base pay structure and discusses its importance in
total rewards design.
- Elements of
compensation
- Building a job worth
hierarchy
- Components of a base
pay structure
- Types of base pay
- Types of pay
adjustments
- Variable pay
Benefits
Details the various components of benefits that are
available for total rewards design.
- Benefits
- Elements of benefits
- Factors influencing
benefits
- Income protection
programs
- Pay for time not
worked programs
Work-Life
Explains the elements of work-life and details the
work-life portfolio.
- Work-life
- The work-life
professional
- The work-life
portfolio
Performance
and Recognition
Discusses both the performance management process and
approaches to showing recognition in organizations.
- Performance and
recognition
- Performance
management
- Performance
management process phases
- Recognition programs
Development
and Career Opportunities
Discusses learning opportunities to enhance present
jobs as well as those to support future career plans
and various types of development and career
opportunities.
- Development and
career opportunities
- Conduct annual
development and career opportunities discussion
- Learning
opportunities
- Types of development
and career opportunities
Total Rewards
– Putting It All Together
Explains the drivers for the total rewards strategy,
including organizational culture, business strategy
and the human resource strategy. The total rewards
design process and design considerations are
addressed.
- Revisiting the total
rewards model
- Drivers of the total
rewards strategy
- The total rewards
strategy
- The total rewards
design process
- Total rewards design
considerations
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