Benefits Comp Resource Allocat

Catalog description

Section information text: An organization deploys compensation and benefits as part of its total rewards strategy to build relationships with employees and increase their engagement, which can help the organization to sustain a competitive advantage. At the same time, competitive pressures may result in the total rewards strategy becoming a cost issue for the organization. In this course, students explore both the technical and strategic aspects of overall compensation. Students examine legally required and discretionary benefits at the individual and group level as well as the societal implications of the total rewards strategy. With compensation and benefits representing the largest components of the human resource (HR) budget, students also explore the role of budgeting and resource allocation along with related processes within an organizational context.