Compensation Management

This course teaches analytical methods associated with the HR sub-field of 'compensation'; specifically, salaries, incentive pay, and benefits management. Topics include the design and implementation of basic pay systems (pay-for-the-job), incentive pay schemes (pay-for-performance), and employment benefits; together with the use of Human Resource Information sub-systems in support of these tasks. Emphasis is placed on the concept of total compensation across these decision-making areas, in relation to both HR and general competitive strategy.