Compensation and Benefits Fundamentals - Learning Outcomes

Introduction to Compensation and Benefits

The Base Pay

The Incentives

The Benefits

Compensation Structure

Compensation and Benefits Fundamentals - Lesson Summary

This module equips you with the foundational knowledge of compensation and benefits programs. You'll explore the core components of C&B systems, including base pay, incentives, and benefits packages. We'll delve into the fundamentals of building a compensation structure, ensuring your pay plans are fair, competitive, and attractive to top talents.

Pay Determination, Strategy, and Administration - Learning Outcomes

Approaches to Pay Determination

A Framework for Compensation Strategy

Aligning Performance and Reward

Pay as a Motivator

Payroll Administration

Pay Determination, Strategy, and Administration - Lesson Summary

This module equips you with strategies to design and implement a high-performing strategic compensation system. We'll explore approaches to pay determination, frameworks for building a comprehensive compensation strategy that aligns rewards with performance, and essential payroll administration practices for smooth financial operations.

Evaluating Jobs - Learning Outcomes

Introduction to Job Evaluation

Overview of Job Evaluation Methods and Ranking Method

Classification Method

Point Factor Method

Factor Comparison Method

Data Collection and Analysis for Job Evaluation

Developing Pay Scale

The Hay Method (Unofficial)

Evaluating Jobs - Lesson Summary

This module equips you with a comprehensive toolkit for evaluating jobs. Explore point factor, Ranking, classification, market pricing, and the Hay Method. Master the art of weighting factors to create effective job grades and pay scales. Real-world examples solidify your understanding of crafting fair and competitive compensation structures.

Professional in Compensation and Benefits - First Assessment

This assessment enables you to review your learning so you can determine your knowledge and understanding of the first four modules of the following course: 
"Professional in Compensation and Benefits"
If you do not achieve the required standard after the first attempt, you can retake the assessment until a successful outcome is achieved.

Mapping Competencies - Learning Outcomes

Understanding Competency Mapping

The Competency Mapping Process

Sources of Competency Information

Defining Competencies and Differentiating Levels

Developing the Competency Dictionary

Competency Framework

Competency Assessment

Mapping Competencies - Lesson Summary

This module equips you with the foundational knowledge and practical skills needed to master competency mapping. You'll explore the fundamentals, step-by-step process, sources of information, defining and differentiating competencies, building dictionaries, designing frameworks, and conducting assessments.

Compensation and Benefits Compliance - Learning Outcomes

Overview of Compliance

Wage and Hour Laws

Benefits Compliance

Pay Equity and Non-Discrimination

Monitoring, Auditing, and Reporting

Compensation and Benefits Compliance - Lesson Summary

This module equips you with the knowledge and tools to ensure compliance with compensation and benefits regulations. You'll explore wage and hour laws, benefits compliance, pay equity, and non-discrimination, and learn strategies for monitoring, auditing, and reporting to minimize compliance risks.

Professional in Compensation and Benefits - Second Assessment

This assessment enables you to review your learning so you can determine your knowledge and understanding of the final three modules from the following course: 
"Professional in Compensation and Benefits"
If you do not achieve the required standard after the first attempt, you can retake the assessment until a successful outcome is achieved.

Professional in Compensation and Benefits - Course Assessment

Become an industry-leading compensation and benefits professional with in-depth expertise & build a rewarding HR career

Professional in Compensation and Benefits

This course provides a comprehensive understanding of compensation systems, strategies, and compliance. It equips learners with insights into building competitive pay structures, administering benefits, and evaluating job roles. You'll explore how to align compensation with organizational goals, master competency mapping, and ensure compliance with legal regulations enhancing both personal and professional growth.

Learning Outcomes

Compensation System: Base Pay

Compensation System: Incentives

Compensation System: Benefits

Building a Compensation Structure

Lesson Summary

Specialization in Compensation and Benefits - Course Assessment

Become a compensation and benefits specialist with this transformative specialized course to future proof your career.

Specialization in Compensation and Benefits

This specialized course transforms you into a compensation and benefits specialist. Master the skill of designing competitive pay structures, crafting effective incentive programs, aligning rewards with performance, and gaining valuable insights into payroll administration to ensure smooth financial operations. Learn to build a strategic compensation system that attracts top talent, motivates employees, and futureproofs your HR expertise.

Topic A - Introduction - GAAP

Topic B - Transactions

Review Quiz

In this module, Principles, students will learn about The eleven generally accepted accounting principles. They will also learn about The Accounting Equation. Students will also learn debit and credit rules in this module. The course will also provide and analysis on transactions a made by a company.

Topic A - The Need for Internal Controls

Topic B - Control Concepts

In this module, Overview of Internal Controls, students will learn about the need for internal controls. It will also cover principles of internal control. It module will also go over several control concepts. Students will also revive an overview of internal control. They will also learn about the audit process.

Topic A - Subsidiary Ledgers

Topic B - Special Journals - Posting Sales Journal

Topic C - Special Journals - Posting Cash Receipts

In this module, Subsidiary Ledgers and Special Journals, students will learn about subsidiary ledgers. Students will also learn about using special journals in this module. It will also go over posting sales journals at the end of the week. The module then covers cash receipts and posting cash receipts.

Topic A - Purpose

Topic B - Reconciliation

Topic C - Who Should Perform the Reconciliation?

In this module, NAME OF MODULE, students will learn about what a reconciliation is. Students will also learn about reconciling items and unreconciled differences. The module will also go into detail about who should perform a reconciliation as well as who can review a reconciliation. It will also cover what a roll-forward analysis is.

Topic A - Correcting Entries

Topic B - Corrections - The Wrong Account

In this module, Correcting Entries, students will learn about correcting entries and how to properly correct errors when bookkeeping. The module will provide examples on different kinds of mistakes that are made while bookkeeping. The module will also cover different methods for fixing these types of mistakes.

Topic A - Sales Tax

Topic B - Sales Tax Rules and Filing

In this module, Sales Tax, students will learn about sales tax. The module will teach students about how to calculate sales tax. It will also cover recording transactions for sales tax. Students will also learn how to pay the collected taxes. It will also touch on the different rules when filing in each state.

Topic A - All Businesses Must Have a Strategic Plan

Topic B - Types of Budgets

In this module, Budgeting, students will learn about budgeting for a company. The module will cover a business's strategic plan and it's impact in setting an annual budget. This includes budgeting strategies for smaller companies. Students will also learn about different types of budgets. It will also go into detail into a bookkeeper's role in budgeting.

Topic A - Merchandising Income Statement

Topic B - Sales Discounts

Topic C - Purchase Discounts

In this module, Accounting for Merchandising, students will learn about income from merchandising companies.Students will also learn about a merchandising Income statement. This module will also go into detail about when a credit note is issued to the customer. Students will also learn about calculating sales discounts.

Topic A - Defining Petty Cash

Topic B - Accounting for Cash Over or Short

Topic C - Cash Controls - The Bank Reconciliation

In this module,Accounting for Cash, students will learn about  petty cash.  This also includes accounting for petty cash. Students will learn about filling out a  petty cash voucher as well as a petty cash journal. The module will also cover accounting for cash over or short. It will also go into detail on good cash control in a retail business.

Topic A - The Payroll Process

Topic B - Payroll Process - Deduction Tables

Topic C - Payroll Process - Earnings Record

In this module, Payroll, students will learn about the payroll process. The topic will go into depth on gross pay for both hourly employees and salaried employees. Students will then learn about taxes and deductions in the payroll process. This also includes voluntary deductions and state tax rates.

Topic A - Partnership - The Partnership

Topic B - Corporations

Topic C - Preferred Stock

In this module, Partnerships and Corporations, students will learn about business partnerships. Specifically the module will focus on accounting in a business partnership. This includes the process of admitting a new partner and the drawing account. Students will also learn about what happens in the event of a partner withdrawal or the unexpected death of a partner. Finally the module will cover stocks.

Topic A - Accounts Receivable

Topic B - Bad Debts

Assessment Title

In this module, Accounts Receivable and Bad Debts, students will learn about accounts receivable. The module will also cover aging reports and the Balance sheet for accounts receivable. Students will also learn about bad debts. This includes writing off bad debts. This module will also talk about the sale of receivables.

Topic A - Interim

In this module, Interim Profit or Loss, students will learn about preparing interim statements. Students will get a breakdown of the importance of a interim statement. The module will demonstrate the layout of the interim statement. This module will also provide examples of a statement indicating a loss and a statement indicating a profit.

Topic A - Year End - Inventory

Topic B - Inventory Obsolescence

In this module, Year End - Preparing to Close the Books, students will learn about the end of the year responsibilities that come with bookkeeping. Students will learn about adjusting entries and adjusting entries types. The module will also go into details about inventory. It will also cover the spreadsheets at the end of the year.

Topic A - Year End - Closing Journal Entries

Topic B - Year End - Post Closing Trial Balance

In this module, Year End - Closing the Books, students will learn about closing the books at the end of the year. The module will cover closing journal entries for both permanent and temporary accounts. Students will also learn about year end financial statements. This includes a breakdown of the income statement and the balance sheet.

Topic A - What is Cash Flow?

Topic B - Cash Flow - The Indirect Method

Topic C - The Direct Method

In this module, Cash Flow, students will learn about cash flow. The module will cover the categories of cash flow. It will also talk about cash from operations.  This module will compare the indirect method and the direct method. Students will also learn about maximizing cash flow and the cash cycle.

Diploma in Effective Bookkeeping and Payroll - Assessment

Learn about bookkeeping and payroll and the factors involved like taxes and budgeting with this free online course.

Diploma in Effective Bookkeeping and Payroll

This free online course teaches students about effective bookkeeping and payroll. Students will learn about accounting for a company. They will also learn about taxes during payroll. This payroll course will cover budgeting and budgeting strategies, and also goes into detail on topics such as subsidiary ledgers and special journals. So, why wait? Start this course today and learn about effective bookkeeping and payroll.

Deciphering Human Resources Compensation Strategies

Technova's Strategic Job Analysis for Equitable Compensation

Guidelines for Designing Effective Pay Structures in HR

In this module, you'll explore the critical role of compensation in human resources (HR), focusing on legal frameworks and best practices to ensure fair and compliant remuneration structures. Understanding laws, conducting pay audits, and fostering equity will enhance organizational success and overall employee satisfaction.

Strategic Alignment of Talent Attraction with Business Success

Maximizing Top Talent Retention through Strategic Compensation

Transparent Strategies for Performance-Driven Compensation

In this module, you will explore the critical link between compensation strategies and employee encouragement. Learn how transparent communication, tailored rewards, and continuous feedback can improve confidence and employee engagement, driving business success while attracting and retaining the organization's top talent.

Compensation Essentials: Foundations and Strategic Planning - Assessment

Discover the secrets of adequate compensation by joining this free online course to enhance your management skills!

Compensation Essentials: Foundations and Strategic Planning

In the "Compensation Essentials: Foundations and Strategic Planning" course, you will learn how to keep employees happy while helping the organization thrive. This course will teach you how to develop payment strategies that attract and retain top talent. You will discover how to align payment practices with business goals, increase motivation, and promote a culture of openness. All these things will help make workers happier and more productive.

Introduction to Payroll Management

Payroll Cycles and Processing Steps

Tax, Withholdings, and Statutory Contributions

Benefits, Pensions, and Payroll Management Best Practices

This module will introduce you to the essential knowledge and skills to manage payroll effectively. It covers the purpose and components of payroll, tax calculations, compliance with labour laws, and benefits administration. You will gain hands-on insights into using payroll software, addressing employee queries, and maintaining accurate records.

Payroll Essentials for Small Businesses - Assessment

Learn how you can manage payroll, maintain accuracy, and keep your business running smoothly in this free online course.

Payroll Essentials for Small Businesses

Imagine navigating the intricate world of payroll with ease, ensuring every paycheck is accurate and compliant. With this course, you will be equipped with practical knowledge and skills to handle payroll processes effectively, including calculating salaries, managing deductions, and understanding tax compliance. Discover the tools you need to streamline payroll systems and maintain accuracy for your business processes. Start Learning Now.

Computing Wages and Salaries

Social Security Taxes

Income Tax Withholding

Unemployment Tax Acts

This module guides you on computing wages, salary, and taxes. The lessons cover provisions of the Fair Labor Standards Act, calculating employee work hours, time spent, salary, and compensation. You will also delve into various aspects of social security, income, and unemployment tax covering FICA, withholding laws, FUTA and SUTA, and other norms.

Bookkeeping and Accounting Basics

Choosing an Accounting Method

Keeping the Books

In this module, you will get an insight into various bookkeeping and accounting concepts, objectives, and their differences. The lessons help you understand cash and accrual accounting, financial accounting conceptual framework, and accounting standards. You will then explore the effect of business transactions and the procedure's end.

Payroll Computation and Bookkeeping - Course Assessment

This free online course will teach you how to compute wages and salaries and how to account for associated taxes.

Payroll Computation and Bookkeeping 

Payroll computation and bookkeeping are essential aspects of any business and a crucial skill set for those who want to work in accounts or handle finances for companies with extensive capital and staff. This course will provide you with the knowledge and skills necessary to accurately calculate and maintain employee salaries, wages, and benefits, while also ensuring compliance with the provisions of federal and state labour laws and taxes.