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.
By the end of the course, the learner should be able to:
Conduct a job evaluation and develop a pay structure;
Evaluate an organization’s compensation system and provide recommendations for improvement;
Justify the use of a job analysis as a foundation for a pay system;
Apply equity principles and motivation theories to design effective compensation and benefit system;
Analyze performance evaluation and compensation systems and provide recommendations to ensure effective performance management of employees;
Describe the importance of internal alignment between the compensation system and the strategy of the organization;
Explain the importance of external competitiveness and its effect on an organization's pay system;
Describe the importance of establishing a pay system that is both perceived as procedurally just and is legally defensible;
Apply theories and concepts to real-world scenarios, including media reports and workplace situations.
- Introduction to Strategic Compensation Systems
- Internal Alignment: Determining the Structure
- Job Evaluation
- Person-Based Pay Structures
- External Competitiveness: Determining the Pay Level
- Employee Benefits as Compensation
- Pay for Performance
- The Role of Government & Unions in Compensation
- Budgets & Administration
- Unique Compensation Dynamics: Executives and Gig workers
- Contextual Understandings of Compensation
- The Future of Compensation
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 Item||Weight||Learning Outcomes|
|Unit Quizzes (10 @ 2%)||20%||3, 4, 5, 6, 7, 8, 9|
|Online Seminars (6 @ 8%)||48%||2, 3, 4, 5, 6, 7, 8, 9|
|Compensation Essay (Outline 2%, Essay 30%)||32%||1, 2, 3, 4, 5, 6, 7, 8, 9|
|Total||100%||1, 2, 3, 4, 5, 6, 7, 8, and 9|
Additional Technical Requirements
Please view the Technical Considerations.
*Course details are subject to change.