Compensation Management – BUSI 440

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 04/05/2022

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, basis compensation plans, executive compensation and administrative controls.

For information regarding prerequisites for this course, please refer to the Academic Course Catalog.

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 compensation 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

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

The student will participate in five Discussions.  Each Discussion consists of two parts, the thread and the reply. Each thread must be supported by the textbook, at least two scholarly/peer-reviewed citations in APA format, scripture, and be at least 400 words excluding the reference section. For each Discussion, the student will reply to two other threads. Each reply must be supported by the textbook, at least two scholarly/peer-reviewed citations in APA format, scripture, and be at least 250 words excluding the reference section.

The student will create a Compensation Survey and Structure Assignment with required support from the current edition of the Compensation textbook, scholarly/peer-reviewed citations, and biblical integration.

Each quiz will be open-book, open-notes and contain multiple-choice and true/false questions.