Employee Compensation and Incentives credit: 3 or

4 Hours

Employee compensation is a critical tool for organizations to attract, retain, and motivate its employees. Students will be introduced to major principles in compensation design and will examine the incentives embedded in various compensation systems. The topics include forms of pay, incentive theory, pay structure, pay-for-performance, and employee benefits. 3 undergraduate hours. 4 graduate hours. Prerequisite: ECON 202 ; ECON 302 ; MATH 220 / MATH 221 or other Calculus course.