This course covers how to pay employees. We begin by asking: "What kind of a person do I need to attract, retain, and motivate for my business to succeed?" From here, we'll explain how to translate that pay strategy into the pay mix: the salary structure, short-term incentives, long-term incentives, and benefits that are aligned to your business objectives.
Interested in learning more about the technical aspects of compensation, but don't know where to begin? We'll give an overview of key the key technical skills: compliance with pay regulations, understanding stock options, shopping for health insurance and pension providers, and designing incentive plans. Lastly, we'll discuss non-monetary methods of motivating employees.
Length: 12 Hours
Price: FREE (Add a verified certificate for £36/month)
Provider: The University of Minnesota via Coursera
Subject: Human Resources
Instructors: Alan Benson, Mike Davis
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Required Managing Employee Compensation
By The University of Minnesota via Coursera (12 Hours)