3 credits
Spring 2025 Lecture Upper Division
This course examines the tangible and intangible aspects of compensation, through the lens of a total reward philosophy of an organization in order to attract, motivate, and retain their Human Capital. It also provides an overview of the considerations necessary to develop a compensation system that is internally and externally equitable and fiscally responsible, including the use of job evaluation and salary surveys.
Learning Outcomes1Evaluate the difference Total Rewards programs can make in organizations.
2Distinguish between total rewards and compensation and identify compensation and non-compensation elements of total rewards.
3Recognize various reward systems, their relationship and connection to a total compensation and benefits philosophy, and how they impact the quality of work life and productivity organizations.
4Assess the practical issues in compensation and employee benefits in light of a company's management philosophy and human resources strategies.
5Define job evaluation and its use to develop internally equitable compensation systems.
6Identify the implications of using salary surveys to ensure externally equitable and fiscally responsible compensation systems.
7Explain the concepts of salary administration and application of compensation programs in the business environment.
8Better understand effective salary and wage structures in organizations today.
9Explain the relationship between performance evaluation methods and reward systems.
10Discuss the legal aspects of compensation, benefits and performance appraisals.
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made by Purdue students.