Course Description:
Study from a strategic perspective the process involved in remunerating workers for services/work performed. Develop a comprehensive understanding of how an organization balances competing perspectives and values in creating a compensation system. Learn how to analyze the linkages among organizational strategy, pay systems and performance. Learn how to analyze organizational and job factors to determine the structure of a pay system and to assess external competitiveness to determine pay level. Learn how to use employee performance indicators (e.g., performance appraisal systems) to determine individual pay.
Prerequisites: Human Resource Management or equivalent. Studies in organizational behavior, psychology and statistics are also helpful.
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