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Advanced Compensation and Costing

Course Number
LR358

Learn how to link compensation and benefits strategy to labor and bargaining strategy. Participants practice creating a collective bargaining cost sheet on economic and non-economic proposals and adjusts it based on the negotiations. Learn the implications of various decisions and practices using data to answer bargaining questions.

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Schedule & Details

Course

In this workshop, participants develop knowledge about fundamental issues in compensation and benefits strategy development and execution in an effort to link them to labor and bargaining strategy. This includes the financial implications of design choices, types of incentive pay plans and selected benefits that can be effective for different groups of employees. In addition, participants learn and practice creating a collective bargaining cost sheet and adjusting it based on the ebb and flow of negotiations. Participants cost out economic and non-economic proposals, practicing the costing implication of various collective bargaining decisions and understanding how to organize and use data to answer related questions in bargaining.

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This course is part of this certificate