What are the best ways to learn about HR compensation for new professionals?

?? Dive into ?? HR literature: Books offer in-depth insights on compensation strategies. ?? Explore online articles ??: Stay updated with industry trends and best practices. ?? Network with professionals: Connect with HR experts for real-world advice and experiences. ?? Attend workshops and webinars: Hands-on sessions enhance practical knowledge. ?? Stay informed on regulations: Understand legal aspects to navigate compensation compliance.

Explore formal education, certifications (e.g., CCP, PHR), networking, reading literature, and on-the-job learning to grasp HR compensation as a new professional.

The best ways for new folks to learn about HR compensation are through online courses, books, and guides made for beginners. Connecting with other HR professionals, shadowing experienced colleagues, and diving into on-the-job projects related to compensation are also great ways to learn. Additionally, attending HR-focused events, webinars, or exploring online resources like SHRM can provide valuable insights into compensation practices.

For new professionals looking to learn about HR compensation, there are several effective ways to acquire knowledge and skills in this field. such as networking, new online courses, HR software and tools and stay informed.

Talk to people who work in this area. Try to start a conversation with them about the concepts of Reward and the main behaviors and technical knowledge needed to be a good professional in this area.

In my experience, delving into HR compensation goes beyond standard courses. What works for me is exploring specialized programs like the International Foundation of Employee Benefit Plans (IFEBP) courses, providing insights into global compensation trends. I find value in participating in International Society for Certified Employee Benefit Specialists (ISCEBS) webinars for a nuanced perspective on benefits and compensation. What I like to do is leverage LinkedIn Learning for practical courses on compensation benchmarking and strategy. These diverse resources ensure a well-rounded education, enriching my knowledge beyond conventional offerings and empowering me with a global perspective on HR compensation practices.

Explore alternative learning platforms such as podcasts and online discussion forums. Engaging with industry-related podcasts and participating in online discussions on platforms like Reddit or specialized HR forums can offer diverse perspectives and valuable insights. These platforms often provide practical anecdotes, fostering a more nuanced understanding of HR compensation beyond traditional educational resources.

There are a lot of resources available that covers what short courses have to offer as well. LinkedIn learning is a platform for you to take up these courses too - if you are an audio learner. Otherwise, take up internships (for students) and payroll jobs to gain some exposure there. Cheers!

?? Enroll in ?? HR compensation courses/webinars for in-depth knowledge. ?? Network with HR professionals to gain insights and real-world perspectives. ?? Read industry ?? reports and publications for current trends. ?? Seek mentorship ?? from experienced HR experts for personalized guidance. ?? Explore online ?? resources and forums for continuous learning.

For new professionals aiming to understand HR compensation, a multifaceted approach is key. Begin by exploring online courses and resources that cover compensation fundamentals, including market analysis and salary structures. Engage in networking with seasoned HR professionals to gain insights and real-world perspectives. Attend industry conferences and webinars focused on compensation trends. Additionally, consider seeking mentorship to benefit from experienced guidance. Combining theoretical knowledge with practical exposure and mentorship enhances your grasp of HR compensation, providing a comprehensive foundation for navigating this crucial aspect of human resources management.

Based on my experience, there is quite some great communities where compensation and benefits knowledge and experience are shared. I would dare to say that World at Work is the best worldwide know source of resources. Then you may have some local key players of networking, in Spain and Latam you have DCH that is growing into the People & Culture landscape, having a Committee for C&B. There is AIHR that is training vendor that includes such programme.

En primer lugar es fundamental conocer bien el marco normativo antes de plantearte dise?ar el paquete de compensación. Luego hay que analizar muy bien cuál es tu plantilla (no es lo mismo, por ejemplo, tener una plantilla integrada mayoritariamente por personas trabajadoras de la generación milennial y centennials que una integrada mayoritariamente por baby boomers). Hay que analizar también el coste / retorno de la inversión / proveedores / si quieres por ejemplo una plataforma ad hoc desde la que las personas trabajadoras puedan dise?ar a su medida su paquete de beneficios de entre los que vaya a ofertar la empresa... y por supuesto ir evaluando el impacto de la medida

Cultivate a global perspective by studying international compensation practices. Understanding how different cultures and regions approach compensation can be instrumental, especially in today's interconnected professional landscape. Analyzing case studies or joining forums with an international focus broadens your horizons, equipping you to navigate the intricacies of compensation on a global scale.

New HR professionals can enrich their understanding of compensation by joining online communities and forums. Platforms like LinkedIn groups or HR-specific forums offer valuable insights, shared experiences, and discussions. Engaging with seasoned practitioners provides real-world perspectives, answers to specific queries, and keeps professionals abreast of industry trends. Actively participating in these communities fosters a supportive network, allowing new HR practitioners to learn from diverse experiences and gain practical insights into the dynamic landscape of HR compensation.

1?? Join ?? online communities: Connect with HR professionals to exchange insights and advice. 2?? Attend ?? webinars and workshops: Stay updated on the latest trends and practices in HR compensation. 3?? Enroll ?? in relevant courses: Formal education can provide a comprehensive understanding. 4?? Read ?? industry publications: Stay informed about current compensation strategies and best practices. 5?? Network ?? at industry events: Build relationships with seasoned professionals for valuable insights.

Pursue cross-functional collaboration by working closely with other departments. Recognizing the interconnected nature of various business functions provides a holistic view of how compensation strategies align with broader organizational goals. Collaborating with professionals from diverse fields enriches your comprehension of compensation's impact on overall business success.

Seeking guidance from experts of particular area is the most effective and powerful tool. Discuss with expert of compensation function in various industries through network and implement same in your organisation.

To navigate the complexities of HR compensation as a new professional, adopt a multifaceted approach. Seek mentorship and coaching from experienced HR practitioners, leveraging their insights. Actively participate in networking events, online communities, and industry forums to broaden your understanding. Enroll in specialized training programs and explore shadowing opportunities to observe practical applications. Stay informed through industry reports, salary surveys, and continuous learning initiatives. Attend webinars, workshops, and HR conferences to stay updated on the latest compensation trends. Additionally, consider pursuing professional certifications to solidify your expertise in HR compensation practices.

In my journey to grasp HR compensation, seeking mentorship and coaching has been pivotal. What works for me is not just looking within my organization but also exploring industry-specific forums like Compensation Cafe for potential mentors. I find value in tapping into online platforms like MentorCity or The Muse for diverse coaching opportunities beyond traditional programs. Additionally, engaging with HR communities on platforms like LinkedIn has opened avenues for informal mentorship. By diversifying my sources, I enrich my learning with varied perspectives, gaining practical insights that complement formal education and accelerate my understanding of HR compensation intricacies.

1?? Connect ?? with mentors: Seek guidance from experienced professionals in HR compensation. 2?? Engage ??? in coaching sessions: Get personalized insights to accelerate your learning. 3?? Attend ?? workshops and webinars: Stay updated on the latest trends and practices. 4?? Network ?? with industry experts: Build relationships for valuable insights. 5?? Join ?? online communities: Participate in forums to exchange knowledge with peers.

My personal perspective on the way to learn about compensation and benefits is to be on the job and learning from the more experienced colleagues. There is no right or wrong in rewards, only different perspectives. Having clear principles will guide you to be an effective rewards professional.

1?? Dive ?? into resources: Immerse yourself in HR compensation materials and online courses. 2?? Network ?? with experts: Connect with seasoned professionals for valuable insights and advice. 3?? Gain ?? practical experience: Apply theoretical knowledge through internships or real-world projects. 4?? Attend ?? workshops and events: Stay updated with industry trends and best practices. 5?? Seek ?? mentorship: Learn from experienced HR professionals who can guide your journey.

Ideally, it helps if you perform a compensation analysis or survey amongst industry experts and fellow HR professionals, Next, craft your compensation plan or policy - regularly update as per industry standards for a competitive position in the market. Negotiating and leverage on other benefits and work culture.

Learning from experienced colleagues is a great way to embark on the career. At the same time, formal training from certification would strengthen the fundamentals. Lastly, always keep yourself updated on market trends through fellow professionals in the industry.

Learning by doing is the best attribute for an HR Professional. Take your organization as a net practice and calculate your risks in order to mitigate the results. There is no right or wrong in implementing a new practice, it should just be aligned to the organization's strategic direction and translate into numbers easily.

The best way to learn is by having conversations with the industry experts and people who are working on that domain. This will not only give a clear picture but will also help to understand the ground realities, issues they face and how they solve those problems. Doing a certification and course can only help if those concepts are implemented on some dummy project or work. That will also help to give a practical experience on that topic.

In my opinion, new compensation professional should focus on learning and developing skills in change management related to compensation processes. This knowledge will help them better influence HR Business Partners (HRBPs) and provide strong, well-reasoned answers to questions like "Why?", "Why now?", "Why not?", and "Why this way?"

Otra de las maneras de enriquecer el conocimiento para alguien que es principiante en Compensación es acceder a los estudios de especialización y maestría que se alojan en los repositorios universitarios, la metodología de investigación teórica, la aplicación de hipótesis, la comparación de estudios y la aplicación práctica de la teoria, le puede brindar un contexto sobre uso y prácticas de metodologías de Compensación, la mayoría de los estudios relevantes se alojan en SciELO, Redalyc, High beam y Research, son solo algunos ejemplos de estos buscadores académicos donde puede encontrar información.

Existen diversas maneras de mejorar, como cursar programas, leer libros, obtener certificaciones o participar en eventos. Estos elementos sirven como fundamentos que luego se enriquecen con la experiencia compartida, analizando casos reales, identificando éxitos y fracasos, adaptando el conocimiento a situaciones específicas. La verdadera forma de aprendizaje surge al aplicar ese conocimiento en la práctica, ya que las realidades son diversas y el aprendizaje debe ajustarse en consecuencia.

The 5 points mentioned on your questionnaire are all valid. However, every single company must have a payroll strategy and a budget for it. The key pillar of this strategy is that for every single position in a company a remuneration must be linked . Frustration can be huge for an employee who will discover later that his predecessor was paid twice more (just an example). This is why it is important to link a remuneration to a role. On the over side, it is important for the payroll strategy to fit and stick in a strong frame. Company who is trying to hire the best candidate at any price can be a destructive factor of working environment as it may lead also to frustration and long term to demotivation of others.