Compensation Blueprint Part 1 - The Basics
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 1.40 GB
| Duration: 3h 6m
A complete beginner's guide to compensation fundamentals
What you'll learn
Explain what compensation is and how cash, benefits, and non-financial rewards fit together as a complete pay package
Describe the major disciplines within compensation including broad-based compensation, sales compensation, equity compensation, and executive compensation
Describe the key components of cash compensation including base pay, variable pay, short-term incentives, and long-term incentives
Understand how job evaluation works and how organizations use it to establish the relative worth of roles
Understand how market pricing works, including how salary survey data is collected, aged, and interpreted
Build salary ranges from scratch: calculate range minimum, midpoint, maximum, range spread, and midpoint progression
Use compa-ratio and range penetration to assess where employees sit in a range and make defensible positioning decisions
Apply a merit increase matrix that accounts for both performance level and position in range
Distinguish between range adjustments, general increases, equity adjustments, lump sums, and off-cycle increases
Explain the legal foundations of pay practice including wage and hour law, overtime classification, and equal pay legislation
Identify the difference between structural and within-role pay equity problems and interpret controlled versus uncontrolled pay gaps
Recognize the ethical standards that govern pay decisions including process integrity, conflict of interest, and the distinction between legal compliance and et
Requirements
No prior compensation experience required. This course is designed for complete beginners.
A basic understanding of how organizations work and what HR does is helpful but not essential
A willingness to engage with numbers. Some exercises involve simple calculations - no advanced math is needed
A spreadsheet application such as Microsoft Excel or Google Sheets to work through the exercise files
Description
Compensation is one of the most technical and least understood areas of HR. Most people who work in it learned on the job, picking up concepts as they went and filling gaps along the way. Very few got a structured introduction to how it all fits together. This course gives you that foundation.Whether you are moving into a compensation role, supporting one as an HR generalist, or simply trying to understand how pay decisions are made and defended, this course covers the core mechanics from the ground up. No jargon without explanation, no theory without application.You will learn how compensation is structured as a discipline and what the major specialisations within it are. You will understand how the components of cash pay work, how jobs are evaluated and priced against the market, how salary ranges are built from scratch and maintained over time, and what legal and ethical obligations govern every pay decision a compensation professional makes. Every concept is explained clearly, applied through real-world scenarios, and reinforced with exercises and reference materials you can use long after the course is finished.The course is built for people who are new to compensation, not people who already know it. No prior experience is needed, no advanced mathematics, and no prior HR qualification is required.By the end of Part 1, you will have a working foundation in compensation that the rest of the series builds on.
People professionals looking to transition into a dedicated compensation role and needing a structured foundation to get started,Early-career HR professionals who have encountered compensation in their work but never had formal training in how it actually works,HR generalists and HR business partners who work alongside compensation teams and want to understand the mechanics behind pay decisions,Career changers from outside HR who are drawn to the analytical and strategic side of people management,Recruiters and talent acquisition professionals who want to understand pay structures, salary ranges, and offer decisions more deeply,HR students and recent graduates who want practical, applied knowledge that goes beyond what academic programs typically cover,Business managers and team leads who are involved in pay decisions and want to understand the framework behind them
Compensation Blueprint Part 1 - The Basics
