Human Resources Discussing Total Compensation

Discussing Total Compensation

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This Package Contains Courses - See More
  • Course Delivery: On Demand
  • Language: English
  • Audience:

    Managers, Supervisors, Leaders

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Vado is a Project Management Institute (PMI) Registered Education Provider (R.E.P.) This course has been approved for (Number of hours listed in duration field, currently) credit hours for project managers looking to maintain their certification.
 

Description

Managers learn how to discuss compensation issues, rewards, as well as company benefits with individual employees.

 

Course Objectives

After completing this course you will be able to:

  • Market Range Compensation
  • Performance and Rewards
  • Linking Performance and Rewards
  • Going Above and Beyond
  • Benefits Discussion
 

Topics Covered

Market Range Compensation

Perhaps one of the toughest challenges for any manager is to deal with the issue of compensation. As we all know, compensation is a very personal issue, and while there are many issues impacting a person’s decision to engage, perform, and stay; compensation is a foundation element to our satisfaction at work. When employees believe their compensation is not what it should be, dissatisfaction and even anger can develop, thus making it difficult for the person to perform at his or her best.

This course will help you discuss the market range salary with each employee. Remember, compensation is a very personal issue, and while there are many issues impacting a person’s decision to engage, perform, and stay; compensation is a foundation element to our satisfaction at work. When employees believe their compensation is not what it should be, dissatisfaction and even anger can develop, thus making it difficult for the person to perform at his or her best.

By completing this course, you will:

  • Be able to help employees know what the compensation market range is for their role

Performance and Rewards

While there are many aspects to the topic of compensation, one important area is the connection between individual performance and rewards. That is, how are employees rewarded for individual achievements and performance? Although every company is different, the majority of organizations reward performance in some way. Clearly outlining the company’s policies and practices regarding performance rewards enables employees to know exactly what they must do and achieve to receive a desired bonus, merit increase or other company reward.

This course will prepare to you discuss the connection between individual performance and rewards with both your team and individual employees.

By completing this course, you will:

  • Be able to discuss with your employees how individual performance impacts rewards and compensation

Linking Performance and Rewards

Linking individual performance to rewards is not difficult; you just need to know a few things to get started. First, you must have a clear idea of the company rewards and the policies for using them. Second, you need to create detailed work objectives that clearly articulate what employees must do to earn the desired reward.

Since some employees may be eligible for performance rewards and others may not, the people you manage and the type of role they play will influence the individuals you’ll meet with. In addition, you may have individuals who are overdue for a reward, have a difficult project coming up, or consistently exceed performance expectations. If that’s the case, you may choose to meet with these employees first.

By completing this course, you will:

  • Be able to create a clear link between performance delivered and rewards received

Going Above and Beyond

One enjoyable aspect of being a manager is having the opportunity to reward employees for their hard work and performance. It’s always fun to thank an employee for his or her contribution to the team by providing a reward for great work. While you need to be aware of the rewards available to you, as well as the company policies for using them, you first need to decide who should receive a reward.

This course presents a list of Exceptional Performance Factors. You will review these factors and determine which factors each employee currently displays. Based on your employees’ performance, you’ll determine who may need to be recognized or rewarded for their actions.

By completing this course, you will:

  • Know who needs to be rewarded for working hard and going above and beyond what’s required

Benefits Discussion

As a manager it’s always a great idea to help your team understand all of the company benefits available and how to access them. This is especially true if you have new employees, however, if company benefits have recently changed, all employees could find a refresher helpful. Taking the time to gather and share company benefit information will be appreciated by your team and can help everyone understand the numerous advantages of working for the company.

This course will help you conduct a benefit discussion with your team, providing an opportunity for your team to become informed about the company benefits, and for you to reinforce how the company values each person and how the company wants to create an overall benefit package to enhance each person’s work experience.

By completing this course, you will:

  • Be able to conduct a benefits discussion with your team
 

Subject Matter Expert

Vado offers 350+ employee soft skill and management development e-learning courses that is “changing the face of learning” with course design that includes the following elements:

Development Happens on the Job. Research shows that 70% of development happens on the job, and Vado is the only off the shelf e-learning courseware provider that helps the learner apply on the job through step by step instructions.

Chucked Learning. Some call it granular, others call it chunked, microlearning or learning bursts . They mean the same thing – learners want short learning courses. Study after study shows that taking in information in small bite sized chunks leads to increased learner retention. The market has been recognizing this trend toward shorter and shorter learning courses and have shortened e-learning courses from 4 hours to 1 hour to 30 minutes. Our learning content takes this trend to the next step to meet the demands of learners.

Video. In their personal life, employees learn new information by watching videos and they have come to expect that on the job. All of Vado’s courses start with a short instructional video. And the videos are in high definition for a better learner experience.

Optimized for the mobile learner. Mobile means two things: technology and the learner experience. Vado’s learning content is optimized for both meanings. From a technology standpoint, all 300+ courses are viewable from all hand held devices. From a learner experience perspective, small bite sized videos fit the mobile learners’ requirement of not having to complete long courses on their hand held device.

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