MGMT 436

Compensation and Benefits Administration

Design and application of compensation systems aligned with organizational strategy. Consideration of internal equity requirements and external market dynamics in wage system design through use of job evaluations and market surveys. Compensation as a means of effective recruitment, motivation, and retention of talent. Variable pay program design and execution. Benefits program design, cost containment, and program management. Statutes affecting compensation practices (e.g., minimum wage laws, unemployment compensation, workers compensation)

Units: 3.0