Course Description
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Course Description
This course explores topics in basic total compensation design and decision-making. It will provide the student with knowledge required for planning, developing, and administering total compensation programs that are compliant with government laws and regulations. Topics include: wage decisions, budgeting, benefits, incentive plans, and retirement plans.
Policies
Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:
University policies: You must be logged into the student website to view this document.
Instructor policies: This document is posted in the Course Materials forum.
University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.
Course Materials
Martocchio, J. J. (2009). Strategic compensation: A human resource management approach (5th ed.). Upper Saddle River, NJ: Pearson Education.
All electronic materials are available on the student website.
Week One: Total Compensation Philosophies and Strategies
Details
Points
Objectives
Apply organizational objectives to total compensation.
Analyze total compensation within different markets.
Explain various laws and regulations guiding total compensation.
Readings
Read Ch. 1-3 & 9 of Strategic Compensation: A Human Resource Management Approach.
Read the following items, available at
Learning Team Handbook
Guide to Charter
Learning Team Charter
Learning Team Evaluation
Read this weeks Electronic Reserve Readings.
Participation
Participate in class discussion.
Complete weekly summary
4/7 days-
2 required per day
Day 7
Discussion Questions
Respond to weekly discussion questions.
Day 3
Individual Organizational Objectives and Total Compensation in Different Markets
Assume the role of a human resources (HR) consultant. Unsure of legal obligations in designing a total compensation plan, a client has asked you to explain how certain laws and regulations affect total compensation in their organization. The clients organization employs 200 people, is a federal contractor, and operates in the biotech industry.
Write a 350- to 700-word paper providing examples of laws and regulations influencing total compensation.
Analyze similarities and differences in total compensation between this organization and other organizations in different markets.
Provide at least two examples that illustrate such similarities and differences.
Format your paper consistent with APA guidelines.
Post Attachment in the Assignments tab on the eCampus navigation tool bar. Along with your assignment, please attach the Certificate of Originality located in your course materials forum.
Day 7
Week Two: Wage Decisions in Total Compensation
Details
Points
Objectives
Analyze the wage management process for a business enterprise.
Explain the relationship between compensation plans and a companys financial operations.
Compare internal and external equity.
Readings
Read Ch. 6-8 of Strategic Compensation: A Human Resource Management Approach.
Read this weeks Electronic Reserve Readings.
Participation
Participate in class discussion.
Complete weekly summary
4/7 days-
2 required per day
Day 7
Discussion Questions
Respond to weekly discussion questions.
Day 3
Learning Team
Charter
Complete a Learning Team Charter
Day 7
Learning Team Instructions
Resources: Assigned readings, ERRs, the Internet, and other resources
Collaborate on the Performance-Based Pay and Employee Rewards Presentation due in Week Three.
Individual
Internal and External Equity Comparison
Resources: Assigned readings, ERRs, the Internet,and other resources
Write a 700- to 1,050-word paper, in which you identify a total compensation plan for an organization focused on internal equity, and a total compensation plan for an organization focused on external equity.
Identify advantages and disadvantages of internal and external equity for the organizations.
Explain how each plan supports that organizations total compensation objective and the relationship of the organizations financial situation to its plan.