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 also addressed.

Prerequisites: ABED 040 (or placement into MATH 087 or higher) and ABED 046 (or placement into ENGL 093 or higher)

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 extent of linkages between pay, employee performance, and organizational objectives
Develop a fundamental compensation plan for an organization

Total Hours: 50 Lecture Hours: 50