12-02 to 12-06-2024 2:30 PM EST or 03-10 to 03-14-2025 11:00 AM EST or 06-09 to 06-13-2025

5 Sessions. 60 minutes each.

The ability to plan and execute a compensation plan is one of the most valuable and challenging skills a human resources professional can possess. You can attract top talent, improve staff retention, and maximize profitability by rewarding employees appropriately. By understanding the calculations, you can structure compensation plans that appeal to applicants and employees while supporting organizational success. The latest strategies to achieve these goals are available in our engaging certification program. With the Compensation Metrics Certification program, you will be able to: align employee rewards with organizational success, communicate compensation strategies to management and employees, and demonstrate your compensation knowledge. Your career can also advance with this prestigious certification.

John A. Rubino, our expert compensation speaker, will guide you through fundamental and advanced compensation techniques, so your compensation numbers are based on solid industry data. Learn how to communicate your organization's strategy effectively and improve bottom-line results.

What You’ll Learn

During this important certification program our speaker will discuss:

• How to align employee rewards with organizational success
• How to communicate compensation strategies to management and employees
• Demonstrating your knowledge as a compensation expert
• Compensation metrics
• Job evaluation
• Compensation benchmarking
• Measures of compensation variability
• Discrimination testing
• Job evaluation
• Using statistical techniques
• Earn a prestigious certification to advance your career
  

Session Outline for Compensation Metrics Certification: From Fundamental to Advanced
Session 1—Compensation Program Design

• Compensation program objectives
• Methodology and design for a base pay structure
• Pay range components and range spread calculations
• Use of benchmark jobs for base pay structure design
• Calculation of compa-ratios and pay range penetrations
• Aging market data formulas and calculations
• Practical applications and examples of compensation metrics
  

Session 2—Core Metrics for Compensation Analysis

• Measures of central tendency: mean, median, and mode
• Percentiles as a measure of data location
• Pay positioning relative to internal and external
  competitiveness
• How to determine whether salary ranges are too wide or too narrow
• Best practices for using compensation metrics to determine market targets
• Key questions about pay practices and overall compensation philosophy
  

Session 3—Compensation Discrimination and Variability

• Measures of variability: range, inter-quartile range, and standard deviation
• Analysis of competitive compensation positioning and HR policy effectiveness
• The 2-Sigma Rule
• Role of standard deviation in aiding in design and analysis of compensation
• Discrimination testing
  

Session 4—Statistical Measures

• Linear regression computations and applications
• Using linear regression to identify data outliers, assess internal equity, and evaluate external competitiveness
• Job evaluation and market survey data
• Using quantitative HR applications for compensation
  measurements
  

Session 5—Base Pay Structure

• Six-step methodology for developing and implementing a linear regression model to create a base pay structure
• Introduction to multiple regression: a discussion of various strategic applications