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):
Course Rotation for Day Program:
Available via AHE programs only.
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) Recommended
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.
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.
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
Building internally consistent compensation systems
Building market-competitive compensation systems
Building pay structures that recognize individual contributions
Legally required benefits
Compensating the flexible workforce: contingent employees and flexible work schedules
Recommended maximum class size for this course: 25
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.