BUSN 212 - Organization Compensation

3 Credits: (3 lecture)

Course Description
This course covers all facets of organizational compensation including benefits. A strategic human resources approach is taken on how to deal with labor contracts and negotiations. Emphasis is placed on providing acceptable and affordable employee compensation. Topics covered include compensation analysis, internal and external environmental influences, pay bases, designing compensation systems, benefit options and cost, executive compensation and non-monetary compensation including flexible work schedule options.  

Note Spring semester only.

Text
Gerhart, B. & Newman, J. (2023). Compensation (14th ed.).  New York City, NY: McGraw-Hill.

Objectives
The student will be able to: 

A. Interpret the role of the HR professional in organizational compensation. 

B. Identify critical compensation offerings to attract and retain employees. 

C. Discuss employee benefit needs versus organizational affordability. 

D. Explain the procedure for designing an affordable and attractive compensation system. 

E. Apply monetary availability to a combination of company benefit packages.

Content
A. Providing acceptable and affordable employee compensation 

B. Compensation analysis, internal, and external environmental influences 

C. Pay bases and executive compensation 

D. Designing compensation systems 

E. Benefit options and cost 

F. Non-monetary compensation including flexible work schedule options 

Student Evaluation
Student grades will be based on a combination of quizzes, a minimum of four exams including a comprehensive final exam, in-class discussions and debates, case analysis, article write-ups, projects, and online exercises.