Dec 22, 2024  
Catalog 2022-2023 
    
Catalog 2022-2023 [ARCHIVED CATALOG]

HRM 235 Total Compensation

5 credits
This course reviews the total rewards of organizations by exploring their total compensation strategies. Methods to properly pay employees in a cost-effective, competitive, equitable, and legal manner are addressed.

Prerequisites: ABED 40  (or placement into MATH 87  or higher) and ENGL 99  (or placement into ENGL& 101 )

Course Outcomes
Upon successful completion of this course students will be able to:

  • Identify the components of total compensation
  • Describe the objectives, principles, regulations, and terminology of compensation programs
  • Explain compensation philosophy, strategy, and current practices, including base pay, variable pay, and incentive pay
  • Identify the major provisions of the federal and state laws affecting compensation
  • Define the issues of equal pay, pay compression, living wage, and executive pay
  • Explain the value of variable pay programs
  • Analyze the linkages between pay, employee performance, and organizational objectives
  • Develop a fundamental compensation plan for an organization

Total Hours: 50 Theory (Lecture) Hours: 50