About this Course
4.6
405 ratings
85 reviews
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 15 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English, Vietnamese...

Skills you will gain

Human Resources (HR)IncentiveCompensation And Benefits
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 15 hours to complete

Suggested: 4 weeks of study, 2-4 hours/week...
Available languages

English

Subtitles: English, Vietnamese...

Syllabus - What you will learn from this course

Week
1
Hours to complete
3 hours to complete

Pay Determination

This module covers designing a compensation strategy and translating that into a pay structure. ...
Reading
12 videos (Total 86 min), 3 quizzes
Video12 videos
About Alan Benson!3m
1.1.1 Overview of the Pay Model6m
1.1.2 From a Pay Strategy to a Pay Mix10m
1.2.1 Producing a Job Description7m
1.2.2 Benchmarking Pay10m
1.2.3 Surveys and the Labor Market6m
1.2.4 Labor Supply and Labor Demand6m
1.3.1 Salary Structure Terminology3m
1.3.2 Salary Structures and Internal Benchmarks6m
1.3.3 Criteria for Raises and Promotions8m
1.3.4 Broadbanding9m
Quiz3 practice exercises
Benchmarking Jobs14m
Building a Pay Structure14m
Pay Determination20m
Week
2
Hours to complete
2 hours to complete

Pay for Performance

This module covers employee performance evaluations, raises and promotions, short-term incentives (like commissions), and long-term incentives (like stock options). ...
Reading
9 videos (Total 75 min), 4 quizzes
Video9 videos
2.1.2 Should Pay Depend on Performance Evaluations?8m
2.1.3 Designing Performance Evaluations9m
2.2.1 To Incent or Not to Incent? (What are Short Term Incentives?)8m
2.2.2 Should Jobs Use Short Term Incentives?11m
2.2.3 Designing Incentives9m
2.3.1 Varieties of Long Term Incentives4m
2.3.2 Stock Options8m
2.3.3 Examples of Long Term Incentives5m
Quiz4 practice exercises
Raises and Promotions10m
Short Term Incentives10m
Long Term Incentives10m
Pay For Performance20m
Week
3
Hours to complete
4 hours to complete

Benefits and Compliance

This module covers pay compliance, the Fair Labor Standards Act, statutory benefits (like OASDI), and non-statutory benefits (like 401ks). ...
Reading
12 videos (Total 84 min), 5 quizzes
Video12 videos
3.1.2 Fair Labor Standards Act (FLSA) Protections and Coverage7m
3.1.3 FLSA in Practice10m
3.1.4 FLSA Exemptions9m
3.2.1 Overview of Pay Discrimination3m
3.2.2 Federal Non-Discrimination Laws5m
3.2.3 Strategic Benefits6m
3.3.1 Shopping for Health Insurance Providers8m
3.3.2 Affordable Care Act4m
3.3.3 Pension Plans - Taxes and Types9m
3.3.4 Shopping for Pension Providers7m
Pay Mix Review and Up Next (Mike Davis)7m
Quiz4 practice exercises
Pay Compliance10m
Non-Discrimination10m
Health and Pensions10m
Benefits and Compliance20m
Week
4
Hours to complete
2 hours to complete

NON-MONETARY REWARDS

In this module you will learn about Non-Monetary Rewards. These are very important rewards and are different from monetary rewards. At the end of this lesson you should be able to explain what a non-monetary reward is, describe different kinds of non-monetary rewards, and some ways to implement non-monetary rewards at your own company. So get ready, get started, and go for it!...
Reading
10 videos (Total 66 min), 4 quizzes
Video10 videos
4.1.1 Introduction7m
4.1.2 Value to Employees7m
4.1.3 Value to Employers6m
4.2.1 Recognition7m
4.2.2 Learn and Grow7m
4.2.3 Flexibility6m
4.3.1 Program Design6m
4.3.2 What Can Go Wrong?7m
4.3.3 Go For It!6m
Quiz4 practice exercises
Introduction to Non-Monetary Rewards10m
Three Common Non-Monetary Rewards10m
Implementing Non-Monetary Rewards10m
Non-Monetary Rewards20m
4.6
Career direction

40%

started a new career after completing these courses
Career Benefit

83%

got a tangible career benefit from this course

Top Reviews

By AFJun 30th 2016

This course gave me the overview on compensation and benefits I was looking for. The professor explanations are clear and well detailed. I recommend this class for anyone interested on the topic.

By PVApr 10th 2017

This course has helped me to understand various aspects of compensation management it is a very great course and it provides very good insights about the topics related to compensation.

Instructors

Avatar

Alan Benson

Assistant Professor
Carlson School of Management, Department of Work and Organizations
Avatar

Mike Davis

Senior Lecturer
Carlson School of Management, Department of Work and Organizations

About University of Minnesota

The University of Minnesota is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation’s most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations....

About the Human Resource Management: HR for People Managers Specialization

Do you have people reporting to you that need managing? Or perhaps you want to consider a career in human resources? Or freshen up your HR knowledge? This specialization provides a robust introduction to the key principles, policies, and practices of human resource management. The specialization begins with a foundational course that considers alternative approaches to managing human resources, provides a background to the U.S. legal context in which employees are hired, fired, rewarded, and managed, and outlines the different reasons that people are motivated to work. The remaining three courses tackle three core areas that all managers should understand: hiring employees, evaluating their performance, and rewarding them. Throughout the courses, an accessible, scientific approach is embraced such that best practices and practical tips are informed by research, but presented in accessible, applied ways. Upon completing the specialization, learners will have a deeper understanding of what works in the workplace, including a toolkit of best practices for hiring, managing, and rewarding employees. The specialization will be valuable for managers and entrepreneurs taking on these responsibilities as well as anyone else interested in the fundamental principles of human resource management. The Capstone Project will provide an opportunity to apply this knowledge to a real situation, including your own organization or work unit if desired....
Human Resource Management: HR for People Managers

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.