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DPS 15252 36 hours

Competitive compensation and benefits programs play key roles in an organization’s ability to attract, retain, and motivate qualified talent.  This course provides an overview of the goals and design of effective compensation frameworks and explores some approaches to compensation decision analysis. Topics will include pay and reward structures, job analysis and job evaluation, salary scales and labour market data, and union negotiation.

Prerequisites

  • Principles of Human Resource Management
Outcomes

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
Additional Comments
  • Textbook required
Current Classes
DPS 15252 PTSP1 Compensation & Benefits Instructor: Idayat Ogungbade
Blended: Tuesday Apr 8, Apr 15, Apr 22, Apr 29, May 6, May 13, May 20, May 27, Jun 3, Jun 10, Jun 17, Jun 24 06:00 pm - 09:00 pm
8-Apr-2025 to 24-Jun-2025 (12 classes)
$525

This is an online course that will be offered in a blended format. Blended courses combine live virtual weekly lectures at a set time (see course dates) with independent study. All courses will have a Nexus site and will open one week prior to the first class day. Course outlines will only be posted to Nexus. All Zoom links will be posted to Nexus.

Apply Today
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