• Home
  • CCP Course: C8: Business Acumen for Compensation Professionals

CCP Course: C8: Business Acumen for Compensation Professionals

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

Registration

  • Registration can be made at the World at Work website.


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

 

Powered by Wild Apricot Membership Software