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.