Compensation Management : Course Objectives: Learning objective & course outline

Course Description & Objectives
This course aims to clarify the principles and basic concepts of

compensation management in organizations, including the role of human resources management in dealing with employees, and methods used to provide compensation. It also highlights the importance of maintaining the capable education qualification, the value of developing their skills, and the significance of providing the appropriate atmosphere for them. Several important topics will be addressed in the class such as: Compensation professionals’ goals within a human resource department. Ways to strengthen the pay-for-performance link. Ways to strengthen the pay-for-performance link. Health insurance concepts.
 

 

Learning Objective
The art and science of compensation practice. 
Strategic Compensation: A Human Resource Management Approach illustrates the art and science of compensation practice and its role in promoting a company’s competitive advantage
At the end of the course the students will be able to:

• To learn  basic compensation concepts and the context of compensation practice
• To illustrate different ways to strengthen the pay-for-performance link.
• To learn the concepts of Payment and employee benefits issues for contingent workers.
• To understand the Legally required employee benefits.
• To learn some of the implications for strategic compensation and possible employer approaches to managing legally required benefits