Compensation basics

In today’s fast-paced work environment, understanding the basics of compensation practices is beneficial for every employee. As organisations adapt to new economic realities and shifting workforce expectations, gaining insight into how pay structures are crafted and implemented can empower you to better recognise your role and value within the organisation. This e-learning module will help you navigate your career with greater insight and confidence.

By the end of this module, you will be able to:

• identify the comprehensive compensation approach based on the elements of compensation;

• identify roles that ensure compensation practices are financially sustainable and aligned with strategic business goals;

• recall the purpose and key concepts of position evaluation methods;

• identify the principle of internal equity regarding assigning salary bands;

• recall recommended practices for leading a compensation conversation effectively; and

• identify practices that support equal pay compliance and promote long-term organisational fairness. 

This e-learning module takes approximately 50 minutes to complete, and as such, it can provide 1 learning hour – 1 CPD point based on a 50-minute hour. Upon completion of this module, you can print the certificate of completion as evidence that you undertook the course. 

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Further information:

• Training hours: 50 minutes

• CPD: 1.0

• Language: English

• Topics: Business skills, Compliance

• Sector: Corporates

• Training method: E-learning

• Type: Single course 

• Geographic relevance: Global