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:
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Conduct a job evaluation and develop a pay structure;
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Evaluate an organization’s compensation system and provide recommendations for improvement;
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Justify the use of a job analysis as a foundation for a pay system;
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Apply equity principles and motivation theories to design effective compensation and benefit system;
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Analyze performance evaluation and compensation systems and provide recommendations to ensure effective performance management of employees;
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Describe the importance of internal alignment between the compensation system and the strategy of the organization;
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Explain the importance of external competitiveness and its effect on an organization's pay system;
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Describe the importance of establishing a pay system that is both perceived as procedurally just and is legally defensible;
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Apply theories and concepts to real-world scenarios, including media reports and workplace situations.
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 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
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 | 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 |
Technical Requirements
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*Course details are subject to change.