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Note: This course is part of the CPHRC Certification program which requires completion of 4 different courses.

Completion of all four courses and successful passing of the examinations for each course achieves Certification as a “Certified Professional in Human Resources and Compensation” (CPHRC).

CPHRC Certification is issued by the Institute for Human Resource Management Education Inc. (iHRME)

 

Course Outline:

Module 1:  Total Remuneration

  • Total Remuneration Model
  • Human resources strategy
  • Effective compensation strategies: Characteristics
  • Strategy issues
  • Characteristics of total compensation
  • Direct compensation strategy issues
  • Direct compensation elements

Module 2:  Job Analysis & Job Documentation

  • Base pay policy
  • Job analysis
  • Job design
  • Job documentation

Module 3:  Job Evaluation

  • Job evaluation
  • Ranking
  • Classification
  • Market Based
  • Job-Component
  • Point Factor

Module 4: Base Pay Determination

  • Job pricing
  • Pay structure
  • Pay determination
  • Program administration
  • Merit pay
  • Individual pay approaches
  • Pay progression
  • Salary ranges
  • Delivering merit pay adjustments
  • Other optional pay systems

Module 5:  Costing Pay Systems

  • Costing
  • Timing of payments
  • Focal point Increases
  • Variable timing increases
  • Participation rate
  • Individual pay rate administration
  • Developing Merit matrices

Module 6:  Performance Management

  • Performance planning
  • Continuous measurement and feedback
  • Realignment of standards as appropriate
  • Performance appraisal
  • Developmental assessment/program

Module 7:  Variable Compensation

  • Why variable pay is different
  • Economics & motivation
  • Communications
  • Plan design and implementation
  • Types of plans
  • Other recognition plans

Module 8:  Specific Employee Types

  • Executives
  • Sales personnel
  • Professionals
  • Team members
  • Part-time employees
  • Contractors
  • Expatriates

Module 9:  Administration & Evaluation

  • Developing an evaluation model
  • Evaluators
  • Performing technical audits
  • Conducting perception audits
  • Applying audit results – The bottom line
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Course Curriculum

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