From the course: Introduction to the PHR Certification Exam
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Introduction to total rewards
From the course: Introduction to the PHR Certification Exam
Introduction to total rewards
- Imagine that your boss offered you a raise and you said, "No thanks, I make enough money." That situation is hard to picture, isn't it? Most employees are motivated to work at places where they feel fairly compensated for their work. Keep that in mind as you study for the PHR exam, which will measure your ability to recommend appropriate compensation packages for the jobs that exist in your organization. The total rewards section represents 15% of the PHR exam. In this section you'll be asked questions about pay systems, employee benefit programs, and which pay designs best support employee engagement and why. Total rewards are all the financial and non-financial benefits that are of value to an employee. An employee's total compensation includes base salary, financial incentives such as commissions, bonuses, medical benefits, perks, and services. HR pros lead the charge when it comes to compensation, balancing how much money an employee could make if they left the organization with…
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