BUS 356Compensation and Benefits

This course provides a comprehensive study of compensation and benefits management. It examines the role of human resources in managing competitve rewards, pay plans, and the dynamics of employee compensation. The critical tools and techniques of job analysis, job descriptions, job evaluation, pay systems & administration, and required benefits will be discussed. Topics include creating and communicating a compensation philosophy - domestic vs. global, statutory vs. voluntary benefits, paid time off, increases and bonuses, executive compensation, retired options, and market-based strategies.