HRM 6010 - Total Rewards

Credits: 3

This course identifies a framework for implementing compensation and benefits systems to attract and retain a high performance workforce in a global environment. The focus is on the role of human resources in managing competitive benefits/rewards and pay/compensation plans. Specific topics include compensation administration, job evaluation, salary structures, base and incentive pay, increases and bonuses, executive compensation, and employee benefits plans including required, voluntary, and retirement options. This course provides a comprehensive overview of compensation management strategies in organizations. To do so, relevant models of compensation are discussed, including executive compensation, benefits, and other rewards and incentives and how they impact organizational strategies including hiring, retention, and marketing. A review of various compensation influences, including relevant laws and regulations is also covered. (3) Limited to online program students.

Graduate