HR Basics: Compensation

HR Basics is a series of short courses, designed to highlight what you need to know about a particular human resource management topic. In today’s HR Basics, we explore compensation, highlighting the three elements of a base compensation system - internal alignment, external competitiveness and compensation management.
Compensation is pay provided by an employer to an employee in return for work. Total Rewards is a concept that describes all the tools available to an employer that may be used to attract, motivate and retain employees.
Compensation is comprised of two core elements - fixed Pay or base pay that does not vary and variable pay which changes with performance or results. A basic model for building a compensation plan includes three elements - internal alignment, external competitiveness and compensation management. Seven steps, or actions are organized in the three critical areas of compensation plan development. In this course we will take a look at each step.
Compensation is a critical element of your total rewards strategy. A strong base pay structure is built through internal alignment, external competitiveness, and compensation management.

[@YourDailyTorment]

THANK YOU! You effectively summarized 5 weeks and 8 chapters of my Compensation and benefits class.

[@GreggU]

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[@gavinwieland3707]

This video helps me out with my Human Resource Management class! Thank you for helping me to succeed in that class!

[@jeremiahtheofarr2022]

Great video ❤

[@iwayanbudiyasinto8060]

Thank You, great explain, easy to understand.

[@cleftlannights2881]

The best video on this subject I have seen so far...

[@GreggU]

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[@anannyachakraborty.4844]

Compensation is the sum of all the rewards and achievements that a person receives from his work.
Job analysis includes a systematic evaluation of the candidature and the skills that an employee posses.

[@valeriasanchez3996]

🤙🏻

[@primrose_m]

This synopsis of the module of really helpful and simply yet insightful. Thank you

[@rizkakhairanisiregar5694]

thank you

[@bundatanahmelayu435]

terima kasih

[@user-ki8eo2yy4v]

Terima kasih 🙏

[@mlopez1134]

good info

[@buhaycasinotv472]

I need for salary computation and deductions.

[@sopiyanchannel427]

Thank you for this amazing piece

[@madritjanaki1009]

Hr la ennaku performance compensation letter tharala
Partialllity pathithingas neengala manitharagala
Work pannavngaluku
Kidaikalla chhee
Enaku ennai kurachal

[@khayrulislam1536]

Sir, It has been very beautiful.

[@hailownure6297]

Very understandable

[@lfeducator2151]

This is my request for permission to present this video to my class

[@ruchisoni3010]

Really informative !!! thanks

[@senorhayomayo]

Thank you for the content. Very well done!

[@GreggU]

Glad you found the course helpful. Check back for new courses daily at czcams.com/users/GreggLearning.

[@samibenyoussef5835]

So, when do you expect THE BIG WORLD COMPENSATION?

[@ristimanajemen7403]

present makul msdm thanks you

[@matthewbryson6423]

Thank you, great video. Very informative

[@GreggU]

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[@allanonyango8252]

Thanks for the tutorial, was very informative

[@GreggU]

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[@AtlitEnglerSnaiperKKU]

Good Best

[@GreggU]

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[@woman178]

Compensation desh ki sewa hai hai ki nehi deshbhakt

[@sofiayika3039]

I literally didn't understand a word he was saying he was using so many big words

[@marilyncantuba6381]

Can tagalog

[@says101]

china its time to pay up👋

[@nazipaumirbaeva6981]

на русском языке

[@thedummyudreamof111]

Your talking way too fast

[@legacymatters1916]

Katherine Zhang read it’s listed on the screen for the most part. Pause and play if it’s too fast

[@hermansulaiman3122]

Thank you for the explanation, very helpful @Dendi H, UT Indonesia, 014008415

[@ibrahimoreoluwa]

Thank you for this amazing piece

[@harumtchit4433]

thank you