Compensation Management Specialist (CMS)
The CMS designation provides expertise in the principles of human resources and compensation design and management.
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CMS 1 - Human Resources and Compensation Management. The course covers incentive programs, total compensation approaches and strategies for their implementation, and employee rights and the applications of such right in disciplinary, discharge and termination situations. Also discussed is the impact of unionization on employers as well as specific practices and policies of human resource management that are needed to support high-performance work systems.
CMS 2 - Compensation Concepts and Principles. This course provides a framework for understanding various types of compensation approaches. It presents a pay model outlining strategic compensation objectives, policies that form the foundation of a compensation system, and alternate techniques that can be used in paying employees. Other topics include methods for decision-making regarding pay level, pay mix and pay structures.
CMS 3 - Executive Compensation. This course presents an overview of executive compensation issues and practices. It begins with an explanation of various organizational approaches in determining which employees comprise the executive group. The course proceeds to describe the various components of executive compensation including direct pay, employee benefits, perquisites, short-term incentives and long-term incentives.
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