Upon completion of this course, students should be able to:

• Recognize the role compensation and benefits programs play in an organization’s overall business strategy through their capacity to build behavioral and economic advantages
•  Analyze and apply the theories regarding employee behavour
•  Determine how reward and compensation systems motivate employees differently and how to align key motivational drivers with the compensation strategy
• Use labour market information to determine appropriate pay systems and scales
• Design a pay structure that will ensure the company is competitive with other similar firms (external competitiveness), and conduct a market survey to determine appropriate pay levels
• Identify and analyze a variety of reward systems used to determine individual and group pay levels
• Apply a systematic and strategic framework to develop and administer a total compensation plan and implement evaluation mechanisms to measure return on investment
• Discuss the various influences on changing compensation
•  Distribute compensation using various methodologies
• Analyze an organization to create a comprehensive new pay system including implementation and administration parameters