Management of Compensation

Catalog description

The development, implementation, and administration of compensation programs are covered. Emphasis will be placed on a total rewards approach, including basic wages, incentives, special programs and the role of employee benefits. Consideration will be given to hourly, salaried, sales, professional, and executive compensation plans. Also included is practical application in how to analyze jobs, write job descriptions, develop a hierarchy of jobs, and determine the relative worth of each job by using job evaluation techniques. Prerequisite Course(s): Prerequisite: LR 0906 or HRMT 703 or MGMT 703