BUS 4700: Compensation and Benefits


Student will be provided comprehensive knowledge and understanding of the dynamics involved in compensating employees for services rendered in a modern organization. This course focuses on the critical tools and techniques of job analysis, job descriptions, job evaluation, pay surveys, pay structures, pay administration, and required benefits.


  1. Explain how to perform a job analysis.
  2. Develop a pay survey and a pay structure.
  3. Discuss issues involved in determining an organization’s total compensation strategy.
  4. Determine differences in compensation opportunities for employees in different jobs and at different levels in the organization.
  5. Elaborate on various kinds of pay-for-performance programs and the situations in which such programs may be preferable.
  6. Compare strengths, weaknesses, and opportunities for various kinds of performance appraisal programs.
  7. Interpret the role of compensation and its influence on employee behavior.
  8. Explain the influences of government regulations on compensation practices.
  9. Compare and contrast various options to pay plans, including team based, executive compensation, and employee benefits, both required and non-required.




Compensation (Rev: 11)

Publisher: McGraw-Hill/Irwin (2014)
Author: Milkovich, G. T., Newman, J. M., & Gerhart, B.
ISBN: 978-0-07-802949-3
Price: $235.95

* 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