This course focuses on an advanced workplace perspective for developing and evaluating compensation policies and practices. Managing the various forms of compensation programmers is complex and issues concerning fairness and effectiveness of pay plans, as they affect working performances. Professionals, who design, implement and evaluate compensation programmers are often required to balance conflicting variables. These variables include the financial interests of employees, external competition for talented employees, internal pressures for cost containment, executive roles in shaping organizational cultures, ethical considerations, the role of government, and the influence of long-range business plans. Throughout the semester the impact of these variables on compensation management are covered in detail.
