Course Outline

MGMT 483 : Compensation and Benefits

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Last approved: Tue, 09 Aug 2016 16:12:19 GMT

Last edit: Tue, 09 Aug 2016 16:12:19 GMT

College of Business (WBUAD)
Compensation and Benefits
This course introduces the student to the theoretical and practical bases of compensation and benefits. Importance will be placed on strategic role; in other words, how pay decisions help the organization achieve a competitive advantage and its goals. This course includes a systematic review and analysis of organizational reward systems. Total compensation systems include the environment as well as the impact of intrinsic rewards on employee motivation. Job analysis and performance appraisal will also be given emphasis.

Students completing this course will be knowledgeable about:• strategic compensation• designing pay levels and structures• individualized compensation (e.g., pay for performance)• compensation for special groups (e.g., international/expatriate assignments)• internal consistency and external competitiveness• organizational benefit systems

Upon completion of the course, students will be able to do the following:1. Define, discuss, and recognize important terminology, facts, concepts, principles, analytic techniques, and theories used in compensation.2. Apply appropriate terminology, facts, concepts, principles, analytic techniques, and theories used in compensation when analyzing situations involving compensation issues.3. Develop appropriate solutions to multifaceted compensation problems using appropriate facts, concepts, principles, analytic techniques, and theories from compensation.4. Evaluate the quality of their proposed solutions to compensation problems against appropriate criteria, including fit with organizational strategies and human resources management strategies, as well as organizational constraints.5. Perform job evaluations using ranking and point methods.6. Create base pay systems that reflect and integrates compensation concepts and analytic techniques, including job evaluation, pay policies, pay grades and ranges, and market rates.7. Create variable pay systems using individual, group, and organizational level variable pay concepts, including motivation theories.8. Develop appropriate merit pay grids using concepts, principles, and theories from compensation, including motivation theories.

Located on the Daytona Beach Campus, the Jack R. Hunt Library is the primary library for all students of the Worldwide Campus. The Chief Academic Officer strongly recommends that every faculty member, where appropriate, require all students in his or her classes to access the Hunt Library or a comparable college-level local library for research. The results of this research can be used for class projects such as research papers, group discussion, or individual presentations. Students should feel comfortable with using the resources of the library. 

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Text: (386) 968-8843
Library Phone:  (386) 226-7656 or (800) 678-9428

Written assignments must be formatted in accordance with the current edition of the Publication Manual of the American Psychological Association (APA) unless otherwise instructed in individual assignments.

ActivityPercent of Grade
Input Grading Item100

Undergraduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
60 - 69% D
0 - 60% F

Graduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
0 - 69% F
Key: 468