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



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