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Master Syllabus

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Administrative Unit: Business Administration Department
Course Prefix and Number: MGMT 365
Course Title: Compensation and Benefit Systems
Number of:
Credit Hours 3
Lecture Hours 3
Lab Hours 0
Catalog Description: The focus of this course is “Total Compensation.” Direct and Indirect compensation systems will be evaluated to determine how organizations design the appropriate systems for their businesses. Topics will include base pay systems, individual and group bonuses, executive compensation, issues with providing health care, long-term investment options, pension systems, and government mandated benefits. Prerequisite: MGMT 361.
Prerequisite(s) / Corequisite(s): MGMT 361.
Course Rotation for Day Program: Available via AHE programs only.
Text(s): Most current editions of the following:

Current newspaper and journal articles should be utilized to supplement the text.

Strategic Compensation: A Human Resource
By Martocchio, Joe (Prentice Hall)
Course Objectives
  • To define the concept of total compensation.
  • To understand how compensation and benefit systems are used by organizations to attract and retain qualified, skilled employees.
    Measurable Learning
  • Define traditional and current pay systems.
  • Describe the process used by a Compensation and Benefits Specialist to determine appropriate pay systems.
  • Identify current issues with organizational pay and benefits programs.
    Topical Outline:
  • Strategic compensation: a component of human resource systems
  • Strategic compensation in action: strategic analysis and contextual factors
  • Contextual influences on compensation practice
  • Traditional bases for pay: seniority and merit
  • Incentive pay
  • Person-focused pay
  • Building internally consistent compensation systems
  • Building market-competitive compensation systems
  • Building pay structures that recognize individual contributions
  • Legally required benefits
  • Discretionary benefits
  • International compensation
  • Compensative executives
  • Compensating the flexible workforce: contingent employees and flexible work schedules

    Recommended maximum class size for this course: 25

    Library Resources:

    Online databases are available at the Columbia College Stafford Library.  You may access them using your CougarTrack login and password when prompted.

    Prepared by: Ken Middleton Date: May 10, 2013
    NOTE: The intention of this master course syllabus is to provide an outline of the contents of this course, as specified by the faculty of Columbia College, regardless of who teaches the course, when it is taught, or where it is taught. Faculty members teaching this course for Columbia College are expected to facilitate learning pursuant to the course objectives and cover the subjects listed in the topical outline. However, instructors are also encouraged to cover additional topics of interest so long as those topics are relevant to the course's subject. The master syllabus is, therefore, prescriptive in nature but also allows for a diversity of individual approaches to course material.

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