Benefits and Compensation: What is Total Compensation

Every organization’s road to success is achieved through combining products and/or services with staff that are engaged and committed to delivering great quality and results. To attract and retain those outstanding human resources, the people who make it work, the benefits and compensation systems must be supportive. Complexity abounds in the both arenas, benefits and compensation. Regulation and laws provide guidance to organizations on what and how those wages and benefits can be provided. The material covered is not a legal review, instead an operational view from the ground level on what benefits can deliver and how compensation can be structured to give a best use of resources approach to Total Compensation

As a basic primer on the topic this is best for those who are interested in a broad understanding of how benefits and compensation are linked or should be for the benefit of the organization and employees. 

You will leave with an understanding of; 

• Total Compensation and the components
• Benefit structures 
• Compensation and Pay for Performance design
• Role of Human Resources in design, audit, deliver
• Role of managers and supervisors in administration and communication
• Sample compensation philosophy and design
• Tools to assist in evaluating the current state
• Ideas on how the relationship with vendors can be managed
• Outline for carrying out the responsibilities associated with both areas.