This workshop covers the fundamentals of compensation systems, including: the importance of compensation and rewards for organizational success, compensation system components (base pay, performance-based pay and benefits), legal considerations, as well as non-financial rewards and other aspects of total reward systems. A strategic framework for compensation is developed and relevant theoretical explanations offered on why compensation may (or may not) motivate desired employee behaviours.
- The components of compensation systems: base pay, pay-for-performance and benefits
- The importance of using a strategic approach in designing compensation systems
- Relevant compensation theories
- Relevant laws related to organizational compensation systems in Canada
Who should attend:
HR Professionals involved/interested in their organization's compensation function; those aspiring to become compensation experts; HR professionals studying for certification-based examinations; those involved in pay equity – including employees in both the private and public sectors; union officials.
9:30am – 11:00am EST: Compensation concepts and components; goals of the compensation system; class debate (facilitated in smaller breakout rooms)
11:00am – 11:15am: Break
11:15am – 1:00pm: Strategic compensation systems; video case exercise.
9:30am – 10:30-am EST: Impact of crisis and COVID-19 on Compensation Systems
10:30am – 10:45am: Break
10:45am – 11:30am: Job evaluation systems
11:30am – 1:00pm: Designing Compensation Systems
Register for Compensation 201: Click here