Compensation Management

Catalog description

Development and management of job-based and individual-based pay systems using job evaluation, skill/competency analysis and certification, wage surveys, and related techniques. The development of performance appraisal systems and the creation of individual-based, team-based, and aggregate performance-based pay systems are studied with emphasis on the strategic aspects of pay, internal consistency, external competitiveness, and legal compliance. May be taught concurrently with MGT 646. Cannot receive credit for both MGT 546 and MGT 646. Prerequisite: MGT 345 ; and QBA 337 or concurrent enrollment; and undergraduate business majors must be admitted to degree program.