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Created by HSI - Health & Safety Institute
Category Management/Leadership > Management
This is a 5 module course.
As a manager, working through compensation issues is one of your most important roles. And while it’s so important to each individual, discussing compensation can be difficult and uncomfortable at times. As a leader, it’s to your benefit to learn how to conduct effective and productive conversations about compensation issues. When you do, your employees will appreciate the great conversations, and you’ll find them much easier to facilitate. The Discussing Total Compensation courseware will provide the structure and guidance you need to facilitate the difficult, yet critical, compensation discussions with your employees.
Objective:
Module 1: Market Range Compensation
Module 2: Performance and Rewards
Module 3: Linking Performance and Rewards
Module 4: Going Above and Beyond
Module 5: Benefits Discussion
Help employees know what the compensation market range is for their role
Discuss with your employees how individual performance impacts rewards and compensation
Create a clear link between performance delivered and rewards received
Identify who needs to be rewarded for working hard and going above and beyond what
System Requirements:
• Windows 7 and newer
• Mac OS 10 and newer
Supported Browsers:
The current and previous major releases of the following browsers
• Safari v11 and higher
• Firefox v65 or higher
• Chrome v70 and higher
• Microsoft Edge v42 and higher
• Internet Explorer v11 and higher (Windows only- may exhibit visual differences from other
browsers)
Computer Speed and Processor:
• Use a computer 5 years old or newer when possible.
• 1GBofRAM
• 2GHz processor
Video Player Requirements:
All of Vado’s videos are embedded through Vimeo. To ensure optimal viewing, whitelist the following sites:
http://www.vadoinc.net/
https://player.vimeo.com/
Software Requirements:
Learners will need the ability to open an Adobe PDF document, as well as a Microsoft Word document.
Bandwidth Requirements:
Vado's courses are optimized at a minimum bandwidth of 10 Mbps.
Supported Mobile
• iOS12+
• Android 5+
English
While there are many aspects to the topic of compensation, one important area is the connection between individual performance and rewards. That is, how are employees rewarded for individual achievements and performance? Although every company is different, the majority of organizations reward performance in some way. Clearly outlining the company’s policies and practices regarding performance rewards enables employees to know exactly what they must do and achieve to receive a desired bonus, merit increase or other company reward. This course will prepare to you discuss the connection between individual performance and rewards with both your team and individual employees. By completing this course, you will be able to discuss with your employees how individual performance impacts rewards and compensation.
Course Result:
Discuss with your employees how individual performance impacts rewards and compensation.
Duration: 10 minutes
Linking individual performance to rewards is not difficult; you just need to know a few things to get started. First, you must have a clear idea of the company rewards and the policies for using them. Second, you need to create detailed work objectives that clearly articulate what employees must do to earn the desired reward. Since some employees may be eligible for performance rewards and others may not, the people you manage and the type of role they play will influence the individuals you’ll meet with. In addition, you may have individuals who are overdue for a reward, have a difficult project coming up, or consistently exceed performance expectations. If that’s the case, you may choose to meet with these employees first. By completing this course, you will be able to create a clear link between performance delivered and rewards received.
Course Result:
Create a clear link between performance delivered and rewards received.
Duration: 10 minutes
One enjoyable aspect of being a manager is having the opportunity to reward employees for their hard work and performance. It’s always fun to thank an employee for his or her contribution to the team by providing a reward for great work. While you need to be aware of the rewards available to you, as well as the company policies for using them, you first need to decide who should receive a reward. This course presents a list of Exceptional Performance Factors. You will review these factors and determine which factors each employee currently displays. Based on your employees’ performance, you’ll determine who may need to be recognized or rewarded for their actions. By completing this course, you will know who needs to be rewarded for working hard and going above and beyond what’s required.
Course Result:
Identify who needs to be rewarded for working hard and going above and beyond what’s required.
Duration: 10 minutes
As a manager it’s always a great idea to help your team understand all of the company benefits available and how to access them. This is especially true if you have new employees, however, if company benefits have recently changed, all employees could find a refresher helpful. Taking the time to gather and share company benefit information will be appreciated by your team and can help everyone understand the numerous advantages of working for the company. This course will help you conduct a benefit discussion with your team, providing an opportunity for your team to become informed about the company benefits, and for you to reinforce how the company values each person and how the company wants to create an overall benefit package to enhance each person’s work experience. By completing this course, you will be able to conduct a benefits discussion with your team.
Course Result:
Conduct a benefits discussion with your team
Duration: 10 minutes
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Perhaps one of the toughest challenges for any manager is to deal with the issue of compensation. As we all know, compensation is a very personal issue, and while there are many issues impacting a person’s decision to engage, perform, and stay; compensation is a foundation element to our satisfaction at work. When employees believe their compensation is not what it should be, dissatisfaction and even anger can develop, thus making it difficult for the person to perform at his or her best. This course will help you discuss the market range salary with each employee. Remember, compensation is a very personal issue, and while there are many issues impacting a person’s decision to engage, perform, and stay; compensation is a foundation element to our satisfaction at work. When employees believe their compensation is not what it should be, dissatisfaction and even anger can develop, thus making it difficult for the person to perform at his or her best. By completing this course, you will be able to help employees know what the compensation market range is for their role.
Course Result:
Help employees know what the compensation market range is for their role.
Duration: 10 minutes