June 28, 2012—Scottsdale, Ariz.—WorldatWork, a global human resources association, has introduced four new courses in compensation based on changing market needs. “The environment in which compensation professionals operate is becoming more complicated,” said Susan Marty, Associate Director, Product Management, WorldatWork. “We are responding to our members’ and customers’ need for deeper technical knowledge in specialized areas such as designing and implementing pay programs for an increasingly global workforce.”
The four new courses are:
Expatriate Compensation Fundamentals — Because of globalization, more and more businesses are beginning to expand outside their home countries. In many cases, companies utilize international assignments as part of their expansion strategy to help meet their staffing needs, especially for leadership or hard-to-find talent. Designing and implementing an expatriate pay program is a specialized area of expertise with enormous potential and real costs to the organization, the employees on assignment, and their families. This course covers the principles of the balance sheet approach to expatriate compensation. Participants will gain a thorough understanding of how to determine balance sheet elements; establish home bases; measure costs and establish allowances; adjust for changes due to fluctuations of exchange rates and relative inflation; and more. Particular emphasis is placed on providing attendees with the practical knowledge required to respond to typical inquiries from expatriates and local human resources managers. Starts September 4, 2012.
Expatriate Compensation Policy and Strategy — Many organizations are responding to global market forces through international expansion. In most cases, these companies do not have the expertise to design and implement an effective expatriate compensation strategy. This course helps attendees put cost-effective mobility policies and strategies in place that align with company goals and competitive strategies. This course teaches participants how to structure cost-effective policies to achieve specific mobility goals. Understanding unique mobility drivers can help organizations make better business decisions. Case studies using real-world examples, exercises, and interactive activities help reinforce course content. Starts October 2, 2012.
Pay Structures—Develop a Framework from Start to Finish — For HR and compensation practitioners, knowing how to build pay structures is an extremely marketable skill to have on one’s resume. In this course participants will learn how to develop, administer and maintain pay structures—giving them the flexibility to perform this work in house, saving time and money. With this skill-building seminar participants will begin the course with an overview of pay structures and job evaluation methods, and then move into other important skills such as how to: perform job evaluation; apply different types of salary grades; utilize market data and company pay philosophies; and use tools and formulas to help develop a pay structure. Once the pay structure has been established, instruction focuses on how to manage employees’ pay using the pay structure, as well as key issues to be considered when reviewing the pay structure each year. Starts September 18, 2012.
Excel Tips for Compensation Professionals — Compensation professionals process and analyze large amounts of data. Many rely on Microsoft® Excel®, which can be complex and intimidating. Excel Tips for Compensation Professionals provides instructional step-by-step video demonstrations of important Excel functions that can save a compensation practitioner vast amounts of time in analyzing data. The tips include visual and audio demonstrations, a job aid, as well as sample spreadsheets. Each demonstration is instructed in the context of compensation work—so participants see exactly how and when to use these Excel functions. Available now.
All these courses are eligible for re-certification credits for the Certified Compensation Professional® (CCP®). For additional information, click here.
About WorldatWork®:
The Total Rewards Association
WorldatWork (www.worldatwork.org) is a not-for-profit organization providing education, conferences and research focused on global human resources issues including compensation, benefits, work-life and integrated total rewards to attract, motivate and retain a talented workforce. Founded in 1955, WorldatWork has nearly 30,000 members in more than 100 countries. Its affiliate organization, WorldatWork Society of Certified Professionals®, is the certifying body for the prestigious Certified Compensation Professional® (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional™ (WLCP®), Certified Sales Compensation Professional™ (CSCP™), and Certified Executive Compensation Professional™ (CECP™). WorldatWork has offices in Scottsdale, Ariz., and Washington, D.C.
The WorldatWork group of registered marks includes: Alliance for Work-Life Progress® or AWLP®, workspan®, WorldatWork ® Journal, and Compensation Conundrum®.