COMPENSATION AND PERFORMANCE MANAGEMENT (4 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: Define the compensation and pay model; Explain factors needed in designing pay structure; Relate compensation strategy to performance management; Design compensation strategy.

Topics:

1. The Pay Model;
2. Strategy: The Totality of Decision;
3. Defining Internal Alignment;
4. Job Analysis;
5. Evaluating Work: Job Evaluation;
6. Defining Competitiveness;
7. Designing Pay Level, Mix, and Pay Structures;
8. Pay for Performance-The Evidence;
9. Performance Appraisal;
10. The Benefit Determination Process;
11. Union Role in Wage & Salary Administration;
12. International Pay System;
13. Management: Making It Work.