Compensation and Benefits for Beginners
Compensation and benefits (C&B) is a sub-discipline of human resources that is responsible for determining employee compensation and benefits. While monetary compensation and benefits are tangible, intangible rewards such as recognition, work-life balance, and professional development are not. Total rewards refers to both tangible and intangible rewards. Total rewards are everything an employee considers valuable as a result of their employment relationship (WorldatWork).
Employees receive monetary and non-monetary rewards in exchange for their time, talents, efforts, and results, which are referred to as total rewards. Compensation (fixed or variable), benefits, and intangible benefits such as training, career advancement, and so on are all part of Total Rewards. It includes everything that the employee considers to be valuable as a result of the employment relationship. This course is designed to help students learn the fundamental skills needed to become competent in the specialist area of Compensation & Benefits, which is a key sub-field of Human Resources Management. It is widely believed that how companies reward their employees has a direct impact on their ability to attract, retain, and motivate employees.
Who this course is for:
- Those new to the Human Resources Management
- Those intending to switch to the Human Resources Management
- Those already in the Human Resources but without rounded knowledge of Compensation & Benefits
Requirements
- Basic knowledge of human resources
- Basic knowledge of Excel
Course ratings: 4.3/5
Enroll here: https://www.udemy.com/course/compensation-and-benefits-for-beginners
