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Udemy

Compensation and Benefits Fundamentals: A Practical Guide

via Udemy

Overview

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Build pay structures, evaluate jobs, and design benefits packages to attract and retain top talent globally.

What you'll learn:
  • What is compensation and benefits
  • How to conduct job analysis
  • How to conduct job evaluation
  • How to create a pay structure
  • How to interpret salary survey data
  • How to design employee benefits packages
  • How to structure base pay vs. variable pay/incentives

Ever wondered how companies decide what to pay someone - or why two people in the same role can earn different salaries? By the end of this course, you'll know how to answer that, and more importantly, how to do it yourself.

This course takes you from the fundamentals of Compensation & Benefits (C&B) to practical, job-ready skills. You won't just learn definitions - you'll build a pay structure, run a job evaluation, and interpret a real salary survey, step by step.

What you'll be able to do by the end of this course:

  • Design a total rewards strategy that fits a company's size and goals

  • Conduct a job analysis and write clear, defensible job descriptions

  • Run a job evaluation using non-analytical (like job classification) and analytical (like point-factor) methods

  • Build a pay structure with grades, ranges, and midpoints

  • Source and interpret salary survey data to benchmark pay

  • Distinguish base pay, variable pay, and incentive structures

  • Design a competitive benefits package within a budget

  • Navigate pay equity and transparency considerations

  • Apply compensation analytics to support real pay decisions

Who this course is for:

  • HR generalists moving into a Compensation & Benefits specialization

  • Recruiters who want to speak confidently about pay and offers

  • Small business owners building their first pay structure

  • MBA and HR students preparing for a C&B-focused career

  • Anyone curious how organizations actually decide what to pay people


Syllabus

  • Concept of Total Rewards
  • Concept of Pay Structure
  • Concept of Job Analysis
  • Concept of Job Evaluation
  • Concept of Salary Survey
  • Bonus Section

Taught by

Segun Akiode

Reviews

4.5 rating at Udemy based on 1912 ratings

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