Compensation Management draft

Program Overview

This program explores the strategic role of compensation systems in organizational success. It covers job analysis, evaluation, and cash compensation forms, as well as benefits plans and non-financial rewards. The program aims to equip students with the knowledge and skills to develop value-adding compensation systems within a Total Rewards framework.

Program Outline

Outline:

This course focuses on how an organization’s compensation system contributes to its success and how each organization must be evaluated and aligned, using a strategic lens, to develop the most value-adding compensation system within a Total Rewards framework. Additional topics include job analysis, job evaluation, and cash compensation forms such as base pay, short- and long-term benefits, and merit pay. Benefits plans including insurance, work/life balance, and allowances, along with components of non-financial rewards, are investigated.