Total Rewards and Human Capital Analytics (ACHRM)

This course combines two of eight modules of the Advanced Certificate in Human Resource Management which are Total Rewards and Human Capital Analytics.

Total Rewards encompasses direct and indirect remuneration approaches that employers use to attract, recognize, and retain workers. HR demonstrates value by designing and administering systems and programs (e.g., base pay, benefits, incentive pay, leave, perquisites, retirement) that support recruitment and retention efforts. This module outlines a comprehensive, step-by-step approach to designing, implementing, administering, and maintaining a compensation system. 

Human Capital Analytics (sometime called Predictive Analytics) is fast becoming the means by which HR earns its seat at the decision-making table. Evidence-based HR starts with a clear and objective understanding of the relationship between data, information and knowledge followed by identifying, prioritizing and communicating the information which is most impactful in organizational decision making. This module explores how to gather and analyze pertinent HR metrics which have organization-wide implications including how to properly communicate those findings to drive better decision making. 

Modules within the Advanced Certificate in Human Resource Management (ACHRM) are uniquely designed; no prerequisites are required, and the learner can enter the program at any time. Plus, the complete Certificate program involves a wide variety of learning experiences including group discussions, individual and group activities, case studies, toolkit development and a post-test reinforcement of learning at the end of each module.

Total Rewards Module

By the end of the module participants will be able to:

• Discuss key issue that affect compensation structures and systems
• Design a compensation structure
• Administer and maintain a compensation system that aligns with an organization’s mission and vision
• Effectively communicate details of compensation plans, both initially and when they are changed
• Describe incentive pay and types of pay plans for select employees

Human Capital Analytics Module

By the end of the module participants will be able to:

• Methodically and systematically understand the basics of human capital analytics. 
• Clarify the difference between metrics, analysis and (human capital) analytics.
• Encourage a shift from activity-based HR measures to organization-wide analytics which provide better insight for predictive decision making.   
• Decide and prioritize what to data to measure and why.
• Determine which data gathering methods and sources are most appropriate.
• Develop and determine basic KPIs (Key Performance Indicators). 
• Demonstrate basic methods for reading and presenting data to drive organizational decisions.
•  Identify tools and technique used to further analyze data and support decision making.
• Interpret and prioritize standards versus measures. 
• Diagnose your organization’s maturity level / stage in terms of (human capital) analytics.
• Appreciate current trends which are making analytics even more relevant.

This course is designed specifically for HR generalists and HR specialists in the fields of compensation and benefits and human capital analytics