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May 12, 2024
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Catalog 2022-2023 [ARCHIVED CATALOG]
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HRM 235 Total Compensation5 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
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