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Human Capital Planning and Compensation

 

Course Name

Human Capital Planning and Compensation 

Course Code

PD-HR – B9

Number of Contact Hours

45 hours

Credit Hours

3 Credit Hour

Duration and Frequency
  • 15 sessions 
  • Each session = 3 hours
  • Frequency: daily Monday to Friday
  • Duration: 3 weeks

Mode of Delivery
  • Online/ On Campus/ Hybrid 

Category

Professional Development – 

B – Human Resources

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:

  1. To provide the student with a broad and comprehensive overview of human capital planning
  2. To provide the student with a broad and comprehensive overview of compensation
  3. To enable the student to conduct a job analysis, write a job description and perform a job evaluation
  4. 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:

  1. Understand the fundamental concepts of human capital planning and compensation
  2. Conduct a job analysis, write a job description, and perform a job evaluation
  3. Design a base pay structure and a reward and incentive program

 

COURSE OUTLINE 

  1. Human Capital Planning
  2. Compensation in a Knowledge-Based Global Economy
  3. The Reward System: Compensation and Non-compensation Dimensions
  4. The World of Pay and Compensation
  5. Organizational Structure: Strategic and Tactical Compensation Issues
  6. Legislation and Compensation
  7. Job Analysis, Job Description, Job Evaluation
  8. A Point-Factor Method of Job Evaluation
  9. Surveying Market Pay and Compensation Practices
  10. Designing a Base Pay Structure
  11. Team-Based Pay in a Knowledge-Based World
  12. Measuring and Paying for Performance
  13. Short-Term Incentives
  14. 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.