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• CCP Course: C8: Business Acumen for Compensation Professionals

  • Start
    29 Jun 2020
  •  
    8:30 AM (CDT)
  • End
    30 Jun 2020
  •  
    5:00 PM (CDT)
  • Location
    Courtyard by Marriott San Antonio Riverwalk, 207 N St Mary's St, San Antonio, TX 78205

  
  Course Overview 

  To gain this understanding, you must embody business acumen skills–knowing what's going on around you and how the business works internally and externally. Having a keen sense of business knowledge is essential for better decision making and driving long-term positive results for your organization.

  This course covers the essential skills, behaviors and actions that support the understanding and development of business acumen–helping you learn to see "the big picture," understand finance concepts, recognize the important relationship between compensation plans and the bottom line, and make wiser decisions.

  • Learn what it takes to apply key business acumen skills and behaviors.
  • Understand, evaluate, and articulate the relationship between compensation and business outcomes.
  • Grasp essential financial concepts.
  • Know how your business works and recognize the relationship between the compensation plan and the bottom line.
  • Strengthen communication skills.

  What You Will Learn

  Module 1: Introduction to Business Acumen Business acumen skills and behaviors and key competencies Importance of business acumen to organizations and individuals The Global Rewards Framework Role of the compensation professional Module 2: Knowing How Business Works Competitive strategies and market position Allowances Business life cycle

  Module 3: Financial Literacy Basics of financial reports Common profit measures Common metrics Module 4: Evaluating the Business Key performance indicators The organization's bottom line and its impact on compensation Common tools and approaches for evaluation Module 5: Communication and Connections Building a knowledge network Identifying resources and where data comes from Importance of fact-based communication Engaging and contributing to discussions with non-compensation colleagues

     

  Register for the event at worldatwork.org:

  Register Here

   

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• CCP Course: C3E: Quantitative Principles in Compensation Management

  • Start
    10 Aug 2020
  •  
    8:30 AM (CDT)
  • End
    11 Aug 2020
  •  
    5:00 PM (CDT)
  • Location
    Courtyard by Marriott San Antonio Riverwalk, 207 N St Mary's St, San Antonio, TX 78205

  
  Course Overview 

  As a human resources professional, having a solid set of HR statistics and analytics skills is essential for delivering actionable insights for informed decision making to positively impact your organization’s business outcomes. In this hands-on HR statistics course, you will master applied statistics to HR issues and gain analytics skills using Excel.  

   Topics covered in the course include: 

  • Learning regularly used statistical tools, including the applications of these tools for total compensation design and administration.
  • Recognizing the four levels of measurement and the quantitative concepts in HR.
  • Finding, collecting, analyzing and accurately displaying statistical data in the most effective way.
  • Understanding the relevant application of various statistical tools.
  • Introduction to increasingly used advanced statistics for decision making, including regression analysis. 

  This course is part of the CCP and GRP certifications. It is designed for the HR professional seeking a foundational understanding of statistics in compensation management with responsibility in the area of compensation design.

  The course is also a helpful refresher for the experienced professional. Participants will need access to Microsoft Excel 2010 or later while completing the course. Specific areas covered include:

  • Statistics: Data, Information and Levels of Management
    Discover why HR professionals collect and use data and learn key questions to ask about the variable of interest. Learn about the levels of measurement.
    
    
  • Percents and Related Issues
    Dive into percents, individual compa-ratio, department compa-ratio, market index, percent difference, developing salary ranges and percents in compensation management.
    
    
  • Time Value of Money
    Understand how the time value of money is directly related to compensation, along with present and future value, compound interest and compound salary growth rate, constant midpoint progression and annuity payments.
    
    
  • Statistics: Collecting, Organizing, Grouping and Displaying Data
    Learn about populations and samples as well as frequency distributions, including how to organize group and display data.
    
    
  • Statistics: Lying with Statistics, Graphs and Displays
    Recognize distorted data and commonly used mistakes that distort data.
    
    
  • Statistics: Measure of Central Tendency and/or Location
    Gain insights on measures of central tendency, measures of location and percentile bars.
    
    
  • Measure of Variability
    Understand measure of variability including range, interquartile range and standard deviation. Also learn about z-scores, including 2-sigma and 3-sigma rules.
    
    
  • Statistics: Shapes of Distributions
    Interpret distributions of data and understand the application (both good and poor) of normal distribution.
    
    
  • Regression Analysis
    Learn about regression models within the compensation environment, how to develop a regression model, cautions in the interpretation of correlations and multiple regression. 

  Through this course, you will gain essential knowledge and skills in compensation statistics and analysis. Through hands-on Excel practice, you will collect and use data for problem solving and decision making that impacts your organization’s business goals and outcomes. 

        

  Register for the event at worldatwork.org:

  Register Here

   

  Show details