HRM-5002 - Compensation Issues in Human Resources Management

Semester Credits: 3 Weeks: 8

This course explores four strategic choices in managing compensation: 1) concerns for internal consistency, 2) external competitiveness, 3) employee contributions, and 4) administration. Each of these strategic decisions is examined in terms of the major compensation issues requiring resolution. The examination is made in the context of related theories, research, and state-of-the-art practices that can guide compensation decision making. Additionally, the course will examine employee morale, performance, mobility path, policies and training and learning opportunities as non-wage areas of concern in regards to managing employee compensation.