MGMT 406 - Compensation and Reward Systems

Units: 3
Theory and practice of compensation. Emphasis on how to design and manage compensation systems to attract, retain, and motivate workers. Representative topics include incentive pay, benefits, deferred compensation, performance evaluation, promotion-based pay systems, wage and hour law.

Prerequisites: Junior or senior or post-baccalaureate standing.
Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Course Typically Offered: Fall ONLY

Student Learning Outcomes - Upon successful completion of this course students will be able to:

Identify workplace problems caused or made worse by faulty compensation systems.
Apply the tools of compensation theory to solve business problems.
Design effective compensation systems to attain and sustain competitive advantage.
Analyze and evaluate qualitative and quantitative research in compensation