Management of Compensation

Catalog description

This course provides executive students with concepts and analysis of compensation programs with a focus on how organizations can align compensation with company culture, business strategy, and HR goals. Students explore different approaches to the design of pay programs, including competitive market data analysis, design of pay ranges, and management of compensation systems that align with an organization’s financial and HR goals. They also examine the various components of compensation and when and how each is best utilized in support of these goals. In the course’s capstone project, students work in teams to craft an effective pay program for a firm. This involves analyzing the firm’s needs and proposing solutions that support the company’s strategy.