Compensation Management – BUSI 440

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This course develops the philosophy and fundamental guiding principles for wages and salaries in business institutions. This comprehensive study of compensation management also includes job analysis, administrative job evaluation, basic compensation plans, executive compensation and administrative controls.

Prerequisite

BUSI 342

Rationale

Organizations must have leaders who possess the knowledge, skills, and abilities necessary to design, implement, and manage an effective compensation and benefit program to support the strategic mission of the organization. Additionally, managers must be able to incorporate this knowledge with sound decision-making skills to offer both the organization and the individual the most effective and efficient compensation, benefit and total rewards system.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Design a wage survey and a compensation structure for an organization.
  2. Evaluate which benefits are legally required, as well as which benefits may be provided by an organization given various circumstances.
  3. Appraise the strengths and weaknesses of various pay-for-performance plans.
  4. Integrate biblical principles into the field of compensation.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (4)

Discussion Boards are collaborative learning experiences. The purpose of Discussion Board Forums is to generate interaction in regard to relevant and current course topics. The student is required to provide a thread in response to the provided prompt for each forum. Each thread must be at least 300 words and demonstrate course-related knowledge. In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be at least 150 words. Each thread and reply must include a Scripture reference and support from the current edition of the Compensation text and at least 1 scholarly/peer-reviewed source, less than 10 years old, cited in current APA format.

Case Study Forums (2)

The student is required to participate in Case Study Forums in order to generate discussion, interact with each case study, and reflect on other students’ perspectives. The student is required to post 1 thread of at least 500 words in response to the assigned case study. The student will then post replies of at least 150 words to 2 other classmates’ threads. Each thread and reply must include an integration of biblical principles and have at least 1 Scripture reference, the current edition of the Compensation text and scholarly/peer-reviewed sources (2 for posts and 1 for each reply – each less than 10 years old) cited in current APA format.

Peer Evaluations (2)

After each part of the Group Project, the student will evaluate the

contributions of each of the other group members using the Peer Evaluation Form. Students will also be evaluated by other group members. The resulting scores will be used to provide a final Peer Evaluation score for each part of the Group Project. All Peer Evaluation scores will be awarded provisionally.

The grade will be determined by averaging the total of all Peer Evaluations for each student for the specific Peer Evaluation assignment. For example: On the evaluation, if a student receives a total of 90 points from 4 group members, and 90/4 = a grade of 22.5 points. Failure to submit a Peer Evaluation will result in a score of 0 for the student in the specific Peer Evaluation assignment. For example: If a student is rated by group members, but does not submit a Peer Evaluation for the other group members—the student will receive a 0 for that specific Peer Evaluation assignment.

Quizzes (8)

The student will complete 8 open-book/open-note quizzes, which contain 10 multiple-choice questions. The student will have 15 minutes to complete each quiz. The student is required to complete the quiz/test/exam within the assigned time. For the student who exceeds the time limit, a penalty of ½ point will be deducted for each minute, or part thereof, he/she exceeds the assigned time limit.