Read more here
Total Rewards and Human Capital Analytics (ACHRM)
DATE
2024-09-30;
LOCATION
To Be Determined;
Why Attend?
This course combines two of eight modules of the Advanced Certificate in Human Resource Management which are Total Rewards and Human Capital Analytics.
Total Rewards encompasses direct and indirect remuneration approaches that employers use to attract, recognize, and retain workers. HR demonstrates value by designing and administering systems and programs (e.g., base pay, benefits, incentive pay, leave, perquisites, retirement) that support recruitment and retention efforts. This module outlines a comprehensive, step-by-step approach to designing, implementing, administering, and maintaining a compensation system.
Human Capital Analytics (sometime called Predictive Analytics) is fast becoming the means by which HR earns its seat at the decision-making table. Evidence-based HR starts with a clear and objective understanding of the relationship between data, information and knowledge followed by identifying, prioritizing and communicating the information which is most impactful in organizational decision making. This module explores how to gather and analyze pertinent HR metrics which have organization-wide implications including how to properly communicate those findings to drive better decision making.
Course Objectives
-
This Course Objective Hasn't Been Provided Yet
Target Audience
This course is designed specifically for HR generalists and HR specialists in the fields of compensation and benefits and human capital analytics
- Lesson 1 - Introduction to Compensation
- Total Rewards
- Direct versus Indirect
- Trends in Compensation Approach
- Lesson 2 - Legal Concepts that Impact Compensation
- Employment Laws
- Laws versus Policies
- Standards (legal) versus Best Practices
- Lesson 3 - Designing a New Compensation Structure
- Tying Compensation to Business Needs and Organizational Culture
- Compensation as a Part of Total Rewards
- Broadbanding
- Lesson 4 - Implementing, Administering, and Maintaining a Compensation System
- Issues with Pay Adjustments or Pay Administration Decisions
- Compliance
- Pay Increases
- Pay Variations
- Measuring Effectiveness – Evaluating the Compensation System
- Lesson 5 - Compensation Communication
- Communicating Your Initial Plan
- Communicating and Announcing Changes
- Lesson 6 - Incentive Pay
- Types of Incentive Pay Plans
- Monitoring Incentive Pay Plans
- Commonly Used Metrics
- Pay Plans for Select Employees
- Lesson 7 - Compensation for M&A and International Assignments
- Mergers and Acquisitions
- International Compensation
- Recent Compensation Developments
- Compensation Resources
- Lesson 8 - Benefits and Perquisites (Perks)
- What are Benefits and Perks?
- Criteria for Choosing Benefits and Perquisites
- Variations in Benefits
- Benefits Needs Assessment
- Benefits/Perks Gap Analysis Issues and Suggested Actions
- Types of Benefits
- Examples of Perquisites
Human Capital Analytics Module Content
- Lesson 1 - Overview of Human Capital Analytics
- Lesson 2 - What to Measure (KPIs) and How to Collect Data
- Measurement and Data Requirements
- Defining Research Questions
- Key Performance Indicators
- Lesson 3 - Analyzing Data and Interpreting Results
- Workforce Analytics Highlights
- Application of HR Analytics
- Data Visualizing and Modeling
- Lesson 4 - Communicating and Presenting Findings
- Preparing & Presenting Results
- Lesson 5 - Human Capital Maturity
- Analytics Maturity
Join Our Community