This course focuses on how an organization’s compensation system contributes to its success and how each organization must be evaluated and aligned, using a strategic lens, to develop the most value-adding compensation system within a Total Rewards framework. Additional topics include job analysis, job evaluation, and cash compensation forms such as base pay, short- and long-term benefits, and merit pay. Benefits plans including insurance, work/life balance, and allowances, along with components of non-financial rewards, are investigated.
Note: Prerequisite BUSD 1009
Restricted to Business Admin and Open Studies