This course examines the strategies and options available to maintain employee health, as well ascompensation administration.
Job evaluation, incentive systems, and work sampling will be considered.
Astrong course focus will be on pay for performance.
Innovative approaches that have been used by avariety of organizations will be studied.
Prerequisite: HRM 5310 or HRM 5030.V.Learning Outcomes
1)Better understand effective salary and wage structures in organizations today.
2)Evaluate the difference rewards programs can make in organizations.
3)Develop a basic aptitude in compensation and reward systems through class discussion, group exercises,active participation and completion of term projects and papers.
4)Recognize various reward systems, their relationship and connection to a total compensation philosophy and how they impact the quality of work life and productivity organizations.
5)Assess the practical issues in compensation, using the experiences, group projects and situationsdiscussed in class to assess pragmatic alternatives, and review compensation in light of a company’smanagement philosophy and human resources strategies.
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6)Explain performance evaluation methods and reward systems.
7)Discuss the legal aspects of compensation and performance appraisals
8)Discuss employee benefits and benefits management.
9)Understand the administration of medical plans, pension planning, and executive perks.
10)Discuss the impact of a global marketplace on total rewards.
The competencies for this course are in alignment with the MBA Program Learning Goals.
