Overview - Compensation Plan
Topic
A compensation plan is a complete package that details your employees' wages, salaries, benefits, and terms of payment. Compensation plans include details about bonuses, incentives, and commissions that may be paid to employees.
Objectives
By the end of this module, you will be able to...
- Demonstrate general knowledge related to Compensation Plans
- Differentiate between the components used to create a Compensation Plan
- Successfully define Job Analysis, Job Evaluation, and Job Description
- Understand the value and worth of a compensation survey, understand pay ranges, pay steps, pay adjustments, variable pay, and incentive pay.
ACTIVITIES
| Reading: COURSE READER pp |
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| Discussion: SHRM Article |
| Assignment: Final Writing Assignment |
| Quiz 3 |