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My two takeaways I've learned from this course is that all employee-related expenses for a company and everything an employee values. It taught me the different expenses and benefits employees take into consideration which may include wages, salaries, bonuses, perks, and other non-cash benefits. This course made me understand fully the sum of what workers get from their employers in the form of perks, pay, and rewards. When creating a rewards program, in HR you have to take into account all types of employee compensation and benefits, including flexible work arrangements, health and wellness perks, and retirement savings plans. You have to understand employee's values because if they aren't happy, then it will be hard for your company to retain the employees.

The knowledge I've gained from this course will help keep me successful in my HR role. It has taught me to understand that employers who use total rewards are better able to recruit and keep top talent while also increasing employee engagement and productivity. It considers everything an employee values in an employment relationship, including monetary rewards, success, professional development, and the workplace culture. It gave me clarity on how to proactively get employees inputs by conducting surveys and always considering different ways to better any company.

SHRM is a wonderful website. It definitely will be very valuable to me in my current position now and in my near future. Everyone should be informed of this blessing. It can help anyone continue succeeding in any position they are in. So, many valuable information is on this one website and it's so informative. I'm greatly appreciative for being introduced to this website because I will be using it in the future.

Knowledge I've gained from the article "How Employers Are Managing Compensation Challenges in 2023", is how important compensation is affecting companies and their employees. The stakes are high because firms risk losing out on talent if they don't get compensation right. There is still pressure to at least match inflation while still living up to employee expectations. Employers must put in a lot of effort to offer the appropriate base salary before they can succeed. It may be a problem if you don't get that right. In many instances, getting it properly entails going above and beyond annual wage increases. Additionally, off-cycle pay adjustments are being made by employers to address issues with pay equality, pay compression, and employee retention. Making decisions based on specific priorities is the key to making effective use of the wage budget. It's a risk management activity. Some employers who can't afford the page increase is starting to offer work from home options. Some employees are considering the pay reduction because they get to work from home and that's keeping them happy momentarily.