College Catalog
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Course Descriptions
HRM360
Compensation and Benefits
This course provides students with an understanding of how compensation of employees is identified, measured, and managed in today's organizations. Both direct and indirect forms of compensation are studied, with focuses on traditional pay and benefits, as well as newer forms of compensation used today. Students learn the relationships between compensation and individual performance, compensation and organizational competitiveness, and compensation and attainment of strategic objectives. An important element of this course is that students learn the specific skills of setting up and administering pay plans of all types; salaried, hourly, performance and incentive based, group based, and other newer forms of direct compensation systems. Students also learn important aspects of selecting and administering employee benefits that are a significant portion of the compensation of today's workforce. 3 Credits (3 Lecture - 0 Lab)
Prerequisite(s): HRM300. Fall Only.