HROB*3010 - Compensation Systems
Course Description
This course focuses on how organizations attract, retain, and motivate employees through formal and informal reward mechanisms. Topics include: developing pay structures, job analysis, job evaluation, pay systems, pay system administration, equity issues, and benefits.
Learning Outcomes
By the end of the course, the learner should be able to:
- Conduct a job evaluation and develop a pay structure;
- Analyze and make recommendations to organizations regarding their compensation system;
- Recognize the importance of basing a pay system on a job analysis;
- Understand the importance of incorporating equity issues and other motivation theories into an organization's compensation and benefit system;
- Analyze performance evaluation and compensation systems and provide recommendations to ensure effective performance management of your employees;
- Describe the importance of internal alignment (between the compensation system and the strategy of the organization);
- Understand the importance of external competitiveness and its effect on an organization's pay system;
- Recognize the importance of establishing a pay system that is both perceived as procedurally just and is legally defensible;
- Apply the theories you have learned to real-world situations, including issues you see in the media and situations you encounter in the workplace;
- Complete the academic requirements for one course for the HRPA designation (Compensation) (see HRPA.ca for requirements); and
- Show appreciation for the how different individuals are motivated by different factors, and how organizations should alter their reward systems according to individual differences, and organizational culture, structure and strategy.
Course Topics
- Introduction to Strategic Compensation Systems
- Internal Alignment: Determining the Structure
- Job Evaluation
- Person-Based Pay Structures
- External Competitiveness: Determining the Pay Level
- Employee Benefits
- Pay for Performance
- The Role of Government & Unions in Compensation
- Budgets & Administration
Additional Requirements
Prerequisite(s): 1 of BUS*3000, HROB*2100, HROB*2290, HROB*3000, PSYC*3070
Equate(s): BUS*3010, PSYC*3010
Restriction(s): This is a Priority Access Course. Some restrictions may apply during some time periods. Please contact the department for more information.
Assessment
| Assessment Item | Weight |
|---|---|
| Test 1 | 20% |
| Test 2 | 15% |
| Unit Quizzes | 7% |
| Compensation Essay Outline | 2% |
| Compensation Essay | 28% |
| Online Seminars and Discussions | 28% |
| Total | 100% |
Note:
Additional Technical Requirements
This course will use the following:
- Respondus tool to invigilate one or more exams.
Please view the Technical Considerations.
Technical Requirements
You are responsible for ensuring that your computer system meets the necessary system requirements. Use the browser check tool to ensure your browser settings are compatible and up to date (results will be displayed in a new browser window).
*Course details are subject to change.