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Salary Increase Planning


Course#: 78
Category: Salary Administration
Field of Study: Business Management & Organization
Audience: HR Managers, HR Generalists
Level of Difficulty: Intermediate
Delivery Method: QAS Self Study
Prerequisites: Some college-level courses with moderate algebraic training
Advanced Preparation: None
Overview:
This course reviews 3 different types of approaches to salary increase planning: those based on salary surveys of competitive market rates, cost-of-living adjustments (COLA’s), and merit increases (such as pay for performance). We’ll show you how to use each method and what resources are available to the Human Resource manager responsible for planning salary increases. In addition, we’ll demonstrate budgeting techniques and control methods to make sure salary compensation costs are kept in check throughout the year.
Learning Objectives:
  • Differentiate between the forms of salary increases
  • Recognize the difference between a COLA vs. merit increase, focusing on geographic salary differentials, cost-of-living levels, and pay for performance
  • Specify best practices for budgeting salary increases using top-down and bottom-up approaches
  • Determine the appropriate timing of salary increases
  • Identify steps to plan and monitor salary increases over time
*The Course Credit List displays credits and credit types offered by location.

Course Price:  Free!
Exam Price:  $49.00


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The ERI Distance Learning Center is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
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ERI Economic Research Institute is an Authorized User of selected Statistics Canada data under Agreement Number 6184. ERI’s intellectual property rights include Patent Nos. 6,862,596 and 7,647,322, "System and method for retrieving and displaying data, such as economic data relating to salaries, cost of living and employee benefits." Other Internet-related applications are Patents Pending.



The ERI Distance Learning Center offers: human resources online continuing education for Human Resource Management training and development, distance education online courses, online learning, adult education elearning, HR courses online, human resources management online course, human resource development, hr training, business education, hrci recertification courses, compensation and benefits, e-learning, compensation certification, compensation certificates, compensation credentials, accounting cpe continuing professional education, worldatwork recertification courses, cpa cpe online courses, cpe qas self study courses and professional career development.

DLC courses include material on business definitions, salary comparisons, online business dictionary, human resource development, free job descriptions, SPHR, GPHR, PHR recertification credit, CCP, CBP, GRP recertification credit.