Labor costs are the largest portion of the operating budget in most organizations—which means Total Rewards professionals influence bottom line results in an important way. It's essential for today’s compensation professionals to have a keen understanding of business drivers and an appreciation of the financial realities of their organizations, enabling them to deliver effective and efficient rewards programs.
In this course, you will gain the finance and accounting skills you need to optimize your organization’s investment in compensation and other Total Rewards. The curriculum includes both Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) accounting standards and navigating the intersection between rewards and finance.
What You Will Learn:
- How to read and interpret key financial reports and other indicators of organizational performance.
- Strategies for collaborating effectively with finance and accounting groups.
- The measures of financial health and performance and how to apply them to compensation planning and bonus/equity programs.
- U.S. and International Financial Reporting Standards (IFRS) and how to apply them to multi-national compensation planning.
- How compensation planning connects to organizational financial planning and budgets.
Additional Information
This course is designed for professionals in human resources, Total Rewards, compensation or global rewards who want to improve their financial acumen in order to design and deliver efficient and effective employee Total Rewards programs. We recommend taking Finance and Accounting Applications for Total Rewards as the seventh course toward your CCP and GRP certification.
To get the most out of this course, you will need to have a working knowledge of the WorldatWork Total Rewards model, base pay systems and variable pay programs.
You should plan to spend approximately 9 hours in a virtual class and 11 hours on self-guided work. Prework may be required in preparation for the first day of class.
You must pass the required certification exam accompanying this course to progress toward acquiring the CCP or GRP certification. A practice exam is provided within the course materials to test your readiness and help identify knowledge gaps where you might need additional study.
Based in India? Contact india@worldatwork.orgOpen in a new tabEmail for India-special course pricing.
Policies
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