Description
An overview of employee compensation systems. Topics include compensation systems, direct and indirect compensation, internal and external determination of compensation, benefits administration, managing and evaluating for effectiveness, legal and regulatory issues, pay equity, job analysis affecting job compensation and competencies.
Upon completion, students will be able to define a total compensation system; identify objectives of an organization's compensation system; discuss factors that affect compensation programs; discuss how a compensation system is linked to employee performance; identify the steps to establish a total compensation system; and identify key legislation affecting the benefits function of human resource management.
48 lecture hours