Analyzing Compensation – A Step-by-Step Approach Using the National Compensation Matrix
Don’t miss this web-based training in which instructor Dan Purvine will provide the valuable insight into the FAR rules for allowability and reasonableness of compensation costs that you need to prepare for your next overhead audit.
Topics covered will include:
- establishing and documenting compensation system policies and procedures
- compensation allowability
- key risk areas
Dan will discuss how to identify unallowable costs and how to document your bonus plan to support allowability. He will also walk participants through the process of analyzing compensation for reasonableness using the National Compensation Matrix, or NCM, and recommended disclosures to include in your audit report. Examples of compensation and bonus policies will be provided. Compensation is one of the areas most often challenged by state DOTs.
A 10 question quiz will preceed the training, which must be passed at a 70% rate or higher to earn the CPE credit. Once the video has been downloaded, the training will be available for five days.
Hours of CPE credit: 2
- Lectures 4
- Quizzes 1
- Students 15
- Certificate Yes
- Assessments Self