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Compensation Concepts and Principles

EMP407

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EMP407 - Compensation Concepts and Principles

This course examines how job-based and person-based pay structures are established, policies that form the foundation of a compensation system and alternate techniques that can be used in paying employees and the ongoing management functions that maintain internal alignment, enhance organizational competitiveness and create employee incentives within these various types of pay systems.
The course also examines the external market forces that impact compensation, the collective bargaining process and legal and legislative issues and is part of the body of knowledge of the International Foundation of Employee Benefits required for the Compensation Management Specialist (CMS) and Certified employee Benefit Specialist (CEBS) designations.


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