Learn how total compensation statements can help you communicate the true value of your company's compensation and benefits packages to employees.
Many human resources and compensation professionals design compensation plans and struggle with communicating the total rewards clearly and concisely across all levels of an organization. This presentation will help professionals understand the importance of total compensation statements as well as how to communicate them throughout an organization. Additionally, professionals will gain insight into market trends and prevalence, and different options in both the design and communication of total rewards programs.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction and Total Rewards Overview
- Direct Compensation
- Traditional Benefits
- Non-Monetary Benefits
Compensation Considerations
- Direct Compensation Considerations (Pay Mix etc.)
- Communication of Total Rewards
- Total Rewards Statement / Tally Sheets
Low-Cost Solutions
- Benefit Overview
- Intangible Benefits
- Training / Performance Development and Fringe Benefits
High-Cost Solutions
- Monetary Benefits and Importance of Education
- Health / Welfare and 401K
- Prevalence and Data
Conclusion
- Total Rewards Important in the Marketplace
- Trends and Future Outlook
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on April 11, 2024.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- ASA 1.0
- This program may qualify for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Corey Davidson
Alvarez & Marsal
- Senior Associate at Alvarez & Marsal
- Practice emphasizes the review, design, benchmarking, and implementation of both non-equity and equity-based compensation programs, including market analyses to align compensation with a company’s business strategies, and evaluating the tax and accounting ramifications of compensation
- Author of How Serial Acquirers Reward and Incentive Corporate Development Teams
- Certified Executive Compensation Professional through WorldatWork organization
- B.S. degree in Economics, University of Maryland
- Can be contacted at [email protected]
Ryan Wells
Alvarez & Marsal
- Senior Director in the compensation and benefits practice at Alvarez & Marsal Tax
- Practice emphasizes all aspects of executive compensation and employee benefits
- Helps companies tackle how to effectively and efficiently pay, incentivize, and retain their employees
- Works with companies to design and benchmark annual bonus and long-term incentive compensation programs, all while considering the applicable tax, accounting, and other regulatory ramifications
- Focuses on mergers and acquisitions (including golden parachute rules and due diligence of compensation arrangements), initial public offerings, and bankruptcy compensation
- Author and key contributor to several publications related to executive compensation
- Certified Public Accountant (CPA) licensed in Texas
- M.A. degree in professional accounting, The University of Texas at Austin; B.B.A. in accounting, The University of Texas at Austin
- Can be contacted at [email protected] or 940-704-6250
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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