Total Rewards covers one of five functional areas tested on the PHR/SPHR certification exams.

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Short Course Description

Subject area covered:

Total Rewards: Financial and Non-financial

  • Strategic Objectives of Compensation
  • Ethical Considerations in Compensation
  • Compensation within Different Labor Markets
  • Determinants of Pay
  • Three Wage Decisions

The Wage-level Decision

  • Establishing the Wage Level
  • Factors Influencing the Wage-level Decision
  • Compensation Surveys
  • Using Compensation Survey Data

Job Evaluation Methods

  • Ranking Method
  • Classification/Grading Method
  • Point Method
  • Factor Comparison Method
  • Guide Chart-Profile Method (Hay method)

Job Pricing and Pay Rate Administration

  • Pay Grades and Pay Ranges
  • Red-circle Job Rates
  • Adjustments for Inflation
  • Adjustments for Economic Declines
  • Individual Pay Rate Determination
  • Reflecting Geographic Influences in Pay Structures
  • Establishing Administrative Controls

Economic Factors Affecting Compensation

  • Inflation
  • Interest Rates
  • Industry Competition
  • Foreign Competition
  • Economic Growth
  • Demographic Trends

Incentive Compensation Systems

  • Money and Motivation Theories
  • Individual Incentives
  • Skill and Knowledge-Based Pay
  • Differential Pay
  • Group and Team Incentives
  • Organization-wide Programs: Profit Sharing and Gainsharing
  • Employee Stock Ownership Plans
  • Strategic Alignment of Base Pay and Incentive Pay

Executive Compensation

  • Salaries
  • Executive Bonus Plans
  • Stock Options
  • Nonqualified Deferred Compensation (NQDC)
  • Nonfinancial Rewards
  • Director Pay

Compensation Laws and Regulations

  • Davis-Bacon Act
  • Copeland Act and Anti-Kickback Law
  • Walsh-Healey Act
  • Fair Labor Standards Act (1938) as amended
  • Equal Pay Act (1963)
  • Small Business Job Protection Act (SBJPA), 1996
  • Wage Garnishment (1968)
  • Independent Contractors Versus Employees

Employee Benefit Programs

  • Social Security
  • Workers' Compensation
  • Unemployment Compensation
  • Pensions
  • Health and Accident Insurance
  • Income Replacement
  • Employee Services
  • Pay for Time Not Worked
  • Recognition and Achievement Awards

Health Care Benefits

  • Managed Health Care
  • Consumer-directed Health Care

Managing Employee Benefit Programs

  • Employee Benefits Philosophy, Planning, and Strategy
  • Employee Preference Assessment: Surveys
  • Cost-Benefit Analysis and Cost Management
  • Legal Compliance of Benefits Programs
  • Communicating Benefit Programs

Benefits Laws and Regulations

  • Pregnancy Discrimination in Employment Act (1978)
  • Family and Medical Leave Act
  • Health Insurance Portability and Accountability Act (HIPAA), 1996
  • Patient Protection and Affordable Care Act (PPACA), 2010
  • Employee Retirement Income Security Act (ERISA), 1974
  • COBRA (Consolidated Omnibus Budget Reconciliation Act)
  • Bankruptcy Protections
  • FASB Regulations
  • IRS Regulations


Guno Ritfeld
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Guno Ritfeld is a retired Department of Defense Commissioned Officer. He has earned a B.A. in Psychology/Education, a Juris Doctorate (J.D.), and a Master of Laws (LL.M.) degree. He is certified by the Florida Supreme Court as a Circuit Civil, Family, and County mediator and has served as a County mediator at the Orange County courthouse. He served as a member of the City of Orlando Certification Appeals Board and Chapter 57 Discrimination Board, and as a contract Human Rights Mediator and Administrative Investigator for various state and federal agencies. He is an experienced commercial, workplace, and family dispute mediator and arbitrator.

Office Florida

121 South Orange Avenue, Suite 1500, Orlando, Florida 32801

Office Virginia

1101 Wilson Blvd 6th Floor, Arlington, Virginia 22209

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