Strategic Compensation

3.00 credits · Undergraduate

This course provides an overview of the role that compensation and rewards management plays in organizational success. It is intended to help students understand how organizations retain and motivate talent. Students will learn how to assess the internal and external environment and use that information to design a total rewards structure that aligns HR strategy with organizational goals. Concepts covered include strategic planning, employee behaviors and attitudes, common reward challenges, and the design process of a total rewards system, including base pay, performance pay, benefits, and other rewards. Students will practice designing a total rewards system that is attractive to employees, legally compliant, and financially sustainable. They will use appropriate technologies and analytics, including job evaluation and market analysis, to create an effective rewards system.