TOTAL REWARDS

$150.00

Courses Included

Category:

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

About ADRA

ADRA an online Academy for Career and Professional Development.

Office Florida

121 South Orange Avenue, Suite 1500, Orlando, Florida 32801
407-298-3751
info@adraceu.com

Office Virginia

1655 North Arlington Drive Suite 700, Orlando, Florida 32801
703-584-5504
inf@adraceu.com

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