Compensation and Benefits

Catalog description

Examines the process for designing employee compensation and benefits strategies. Covers pay models, strategic perspectives of pay, pay structures, pay levels, pay-for-performance, benefits determination, benefits options, and compensation systems. Prepares students to understand, develop and evaluate compensation strategies and plans based on principles of equity, efficiency, and effectiveness. Relevant for all managerial positions to ensure adequate motivation or desired performance, organizational loyalty and risk mitigation for unfair pay practices. May not be taken for credit by students who received credit for: MGMT 484 -3. Prerequisite(s): MGMT 315 .