COURSE DESCRIPTION
This course provides a comprehensive overview of human capital planning and compensation. The course topics include job analysis, job description, and job evaluation; designing a base pay structure and team-based pay in a knowledge-based world; rewards through compensation and non-compensation dimensions; measuring and paying for performance; and short-term and long-term incentives.
COURSE OBJECTIVES
The objectives of this course are:
- To provide the student with a broad and comprehensive overview of human capital planning
- To provide the student with a broad and comprehensive overview of compensation
- To enable the student to conduct a job analysis, write a job description and perform a job evaluation
- To enable the student to design a base pay structure and a reward and incentive program
COURSE LEARNING OUTCOMES (CLOs)
On completion of this course, students are expected to be able to:
- Understand the fundamental concepts of human capital planning and compensation
- Conduct a job analysis, write a job description, and perform a job evaluation
- Design a base pay structure and a reward and incentive program
COURSE OUTLINE
- Human Capital Planning
- Compensation in a Knowledge-Based Global Economy
- The Reward System: Compensation and Non-compensation Dimensions
- The World of Pay and Compensation
- Organizational Structure: Strategic and Tactical Compensation Issues
- Legislation and Compensation
- Job Analysis, Job Description, Job Evaluation
- A Point-Factor Method of Job Evaluation
- Surveying Market Pay and Compensation Practices
- Designing a Base Pay Structure
- Team-Based Pay in a Knowledge-Based World
- Measuring and Paying for Performance
- Short-Term Incentives
- Long-Term Incentives and Wealth-Building
Course Textbook:
Strategic Compensation: A Human Resource Management Approach, 9th Edition
Joseph J. Martocchio, University of Illinois at Urbana-Champaign
Link: https://www.pearson.com/us/higher-education/program/Martocchio-Strategic-Compensation-A-Human-Resource-Management-Approach-Plus-My-Lab-Management-with-Pearson-e-Text-Access-Card-Package-9th-Edition/PGM337323.html
Feedback Given to Participants in Response to Assessed Work
- Individual written feedback on coursework
- Feedback discussed as part of a tutorial
- Individual feedback on request
- Model answers
Developmental Feedback Generated Through Teaching Activities
- Feedback is given at presentations and during tutorial sessions
- Dialogue between participants and staff in tutorials and lectures
GRADING AND SCORING
The course grade will be based on a final project presented by the participant and graded by the instructor. Participants much achieve a passing grade of 70% or more to be awarded a certificate of completion of the course.