Business-Administration - Course - Compensation & Benefits

The purpose of the course is to provide exposure to the tangible and intangible aspects of compensation, as well as the use of compensation to motivate and reward employee performance. The topics include theories and practices of compensation and benefits starting with the framework of job analysis, job descriptions and job evaluation; designing and administering equitable pay structures, including the increasing application of international compensation considerations. In addition, using concept of Total Rewards, which expands upon compensation to the areas of employee benefits, equity vehicles and non-cash rewards, students will learn about salary surveys, long and short-term variable pay plans, motivation theory, executive compensation and the legal aspects of pay and benefits.