Compensation, Benefits, and Performance Management

Compensation, Benefits, and Performance Management
Wage and salary administration, incentives, employee benefits, grievance and discipline systems, performance appraisal.
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesOrg B 327 or instructor's consent.
 ProgramsContaining ORG B 429
Course Outcomes

Job Evaluation

Use a job evaluation program, such as the point method, to create a wage structure in an organization.

Employee Benefits Programs

Describe the common elements of employee benefits programs and explain how they are administered.

Performance Evaluation

Develop and use a performance appraisal program to evaluate employee performance and describe the strengths and weaknesses of different appraisal methods.

Pay Administration

Administer a pay system, such as calculating take-home and overtime pay, creating executive compensation packages, and adjusting pay levels for inflation.

Wage Level Decisions

Determine wage levels and use wage surveys to assign fair wage rates.

Financial Incentives

Use financial incentives to motivate employees through such programs as merit pay, individual or group bonuses, piece-rate incentives, commissions, bonuses, and profit sharing plans.