BUSN 221 - HR Mgmt: Compensation/Benefits

5 Credits

Part of the Human Resource Management Certificate. This course discusses the fundamental principles for workforce compensation and surveys compensation systems and forms of worker compensation including executive compensation. Also covered: types of employee benefits, their uses and the administrative issues related to employee benefits programs

Fees

Quarters Typically Offered

Winter Online

Designed to Serve Students who want to pursue a career in human resource management and entry and mid-level human resources workers who desire a general understanding of employee benefits programs. Certificate program HR Management
Active Date 20170731T09:56:57

Grading Basis Decimal Grade
Class Limit 38
Contact Hours: Lecture 55 Lab 0 Field Studies 0 Clinical 0 Independent Studies 0
Total Contact Hours 55
Degree Distributions:
ProfTech Course Yes
Restricted Elective Yes
Course Outline

Total rewards concept
Compensation cost considerations

Effect as a base cost of operations
As a competitive advantage

3. Laws and regulations affecting compensation systems
4. Job evaluation for compensation purposes
5. Base pay plan structures
6. Pricing jobs and market surveys
7. Noncash compensation, e.g., stock options, ESOPs
8. Variable pay options

Individual pay for performance
Team incentives
Sales compensation

9. Performance appraisal as it relates incentive pay
10. Executive compensation
11. Laws/Regulations affecting benefits programs
12. Benefit types (legal requirements, health care, financial, holidays, retirment)
13. Managing Costs (self insurance, third party claims management, purchasing insurance, subrogation and coordination)

Student Learning Outcomes
Explain the fundamental principles and legal constraints to designing compensation and benefits plans..

Describe types of compensation/benefits and their appropriate uses.

Assess compensation/benefits plans and articulates their appropriateness for the workforces to which they are applied.