Compensation Programs: Administration and Design

In this introductory course, students explore compensation as a key factor in achieving organizational goals. In addition to introducing current concepts, approaches, techniques and terms, instruction examines the forces that shape the development of compensation strategies, plans and policies. Topics include salary administration, incentive plans and stock-based programs; the factors of motivation, performance evaluation, labor market dynamics and budgeting that underlie the development of compensation programs; key steps involved in developing salary administration and cash-incentive programs; major laws and regulations that apply to compensation; and the way compensation programs are designed for specific job families, units/functions and levels of organization.