Total Rewards Course
Total Rewards examines the development and administration of compensation and benefit practices, as well as challenges faced in managing total rewards in the multigenerational, competitive global economy. Learners analyze the strategic components of pay structures and reward systems and its impact on the employees and the organization.
max. 8 weeks
Estimated time per week
HR Managers, Business Managers, CEOs, Managing Directors
Total Rewards Course Overview
Evaluate the different components of an organization's total reward system
Differentiate the multiple methods of compensating individuals and groups of employees, including metrics for success
Describe the legal environment which impacts the development of a compensation system
Create a total rewards plan for an organization
Explain how an organization collects and compiles data from various sources, and the implications of a strategy of internal equity versus external (market) equity
Analyze the impact and motivators of the compensation strategy and pay mix (base pay, short and long term incentives, benefits, variable pay and non monetary/monetary rewards) on the multigenerational workforce and performance
Illustrate the steps involved in the total rewards system design process
Total Rewards Course Skills
How will I learn?
How will I be graded?
What will I get after completing the course?
What support will I receive?
When you have a dedicated team on your side, you'll never be alone studying at Nexford. Hailing from many different countries and with online education expertise, our faculty provides you world-class support. Ask them questions during one-to-one office hours or live chat, email them any time, and get individual feedback on your assessments.
While you’re learning, you’ll also have full access to the Nexford online library, which includes access to millions of full-text articles, industry reports and key sources such as the Wall Street Journal, the Financial Times and The Economist.
LinkedIn Learning: unlimited access with Nexford
Support your Nexford goals with access to LinkedIn Learning during your program, at no additional cost. Explore the learning hub of the globe’s biggest professional networking platform to:
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- Test what you’ve learned: use LinkedIn Learning assessments
Total Rewards Course Testimonials
My weekly reflective journal is my Nexford highlight. Thanks to faculty support, I continually apply principles to my enterprise – and I've been able to scale beyond considerable measure.