Total Rewards Management

Catalog description

This course examines the basics of compensation and benefits and explores best practices in the development of the total rewards philosophy. Students will develop reward systems, including executive compensation and termination packages, that are fair, just, and align with organizational goals; design human capital plans for managing compensation and workforce adjustments; and assess benefit plans in order to maximize the utility to employees within the limitations of the available resource. Students will evaluate potential sources for total rewards functions and integrate a total rewards philosophy into a consistent communication strategy. A biblically based perspective will be used throughout the program. Prerequisite: HRMT-535