BUS 4700

Description

This course provides a background in the art of developing and administering compensation and benefit practices for organizations. Topics covered will include the criteria used to create a competitive package, and the theories and practices used to implement, maintain, and revise a compensation and benefits package for today’s environment.

Objectives

  1. Discuss the Total Rewards Model and the role of compensation.
  2. Identify regulations and legislation that impact compensation and benefit decisions.
  3. Recognize how pay decisions help the organization achieve a competitive advantage.
  4. Analyze emerging problems, issues, concerns, and trends from a total compensation and organizational effectiveness perspective for the 21st century.
  5. Display a working knowledge of relevant topics for compensation and benefit practitioners in the workplace today.
  6. Discuss business situations using a compensation management perspective.
  7. Demonstrate an understanding of the relationship between HR management objectives, economic theory and compensation program applications in organizations.
  8. Apply critical thinking skills to develop recommendations and alternatives to compensation and benefit programs.
  9. Describe economic theories underlying the evaluation of work and jobs.
  10. Synthesize and review the role of compensation and benefits and its impact on employee motivation.
  11. Summarize how performance is defined and managed in the organization.

PreRequisites

None

Textbook(s)

None

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact Student Services at students@waldorf.edu