HRM 540 Compensation Management
This course examines principles and practices of compensation management to support organizational mission and goals. Topics include job analysis, job evaluation, external market analysis, pay structures, salary administration, motivation theories and legal principles. It covers the concept of total compensation by examining the integrated roles of base pay, employee benefits, and incentive programs within an organization. It is intended for people who will design, develop, implement and/or administer compensation programs.
Recommended: MGMT 310 Management Principles or MGMT 320 Organizational Behavior.
Prerequisites
Special information
4 Undergraduate credits
Effective August 1, 1998 to present
Learning outcomes
General
- Explain the fundamentals of design, communication, and administration of compensation programs and how they fit within a total rewards strategy
- Prepare and effectively communicate compensation philosophy, plans, and initiatives with different stakeholders.
- Apply legal, tax considerations, and core ethical values to ensure compliance and equity.
- Collect, prepare, and analyze data to create job structure, pay structure, and compensation plans.
- Design compensation strategies and programs to ensure strategic alignment and lead to diverse and inclusive workforce
Summer 2024
| Section | Title | Instructor | books | eservices |
|---|---|---|---|---|
| 50 | Compensation Management | McGlinchey-Morrissey, Michele K | Books for HRM-540-50 Summer 2024 | Course details for HRM-540-50 Summer 2024 |
Fall 2024
| Section | Title | Instructor | books | eservices |
|---|---|---|---|---|
| 50 | Compensation Management | McGlinchey-Morrissey, Michele K | Books for HRM-540-50 Fall 2024 | Course details for HRM-540-50 Fall 2024 |
Spring 2025
| Section | Title | Instructor | books | eservices |
|---|---|---|---|---|
| 50 | Compensation Management | McGlinchey-Morrissey, Michele K Nguyen, Loi Anh | Books for HRM-540-50 Spring 2025 | Course details for HRM-540-50 Spring 2025 |