Human Resources Leadership: Compensation Management

Strategy, Program Design, and Communication

What you'll learn

A repeatable formula to translate your business' goals and challenges to impactful compensation strategies

The exact step-by-step to design a market based salary structure

The bonus design principle and apply it to effectively assess the gaps in your incentive plan design

The exact step-by-step to design and validate a bonus target framework

How to implement the four types metrics in order to measure the success of your compensation strategy and program design

The framework to communicate based on the specific audience in order to create executive presence

The communication structures to deliver technical concepts in order to build credibility

Requirements

Some basic understanding of compensation management will be helpful

If you don't have it, don't worry. This course will walk you through the step-by-step from compensation strategy design to business communication

A passion for the world of Human Resource Management

Description

Are you a compensation management professional looking to get more out of your career? Do you want to think strategically beyond the tactical number crunching so that you can reach the next career milestone?Do you want to build executive presence and gain stakeholder support with ease? If you want to take your compensation management, as well as your career to the next level, this is the right course for you. I am Jingmin Ye and I am a total rewards professional. Throughout my career, I have held total rewards leadership roles in well-established and build-everything-from-scratch companies, advising the board, the CEO and senior leaders of the companies facilitating strategy creation or pivoting and launching large-scale rewards programs. In this course, I have curated pragmatic solutions to help compensation professionals think “big” in a change management environment, design and measure compensation programs, and build rapport with senior stakeholders. AND, this course is full of examples and activities that allow you to practice as you learn. How is this course different from any other compensation management courses out there? Rather than lengthy theoretical discussions and aloof academic ideas, this course gives you pragmatic, actionable and easy-to-follow structures to create and communicate. So that you can easily deploy them into your own work, and move beyond the tactical day-to-day to become a respected partner at your company’s decision making table.I look forward to working with you in this course!

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Course Overview

Section 2: A repeatable formula to create compensation strategies

Lecture 3 Strategy: The North Star

Lecture 4 The formula to create compensation strategies

Lecture 5 How to use this formula- an example

Lecture 6 How to use this formula- a challenge for you

Section 3: All about salaries

Lecture 7 Salary intro

Lecture 8 How to design a market-based salary structure

Lecture 9 Salary structure design considerations

Lecture 10 The sliding scale of pay transparency

Section 4: All about bonuses

Lecture 11 The bonus design principle

Lecture 12 How to design a bonus target framework

Lecture 13 Bonus target design considerations

Section 5: Metrics

Lecture 14 Four important metrics to deploy

Section 6: How to communicate effectively

Lecture 15 Effective communication tips

Lecture 16 Know-Your-Audience framework

Lecture 17 How to use this framework- two examples

Lecture 18 Two structures to communicate technical concepts

Lecture 19 A communication challenge for you

Section 7: An ever-evolving compensation loop

Lecture 20 Summary

Compensation management professionals seeking senior or executive level professional development