MGT513 Total Compensation Systems

The Total Compensation Systems course is designed to provide the students with an understanding of compensation (pay and benefits) philosophies, strategies and methodologies. Total compensation systems include salaries and wages, incentive awards and bonuses, long-term income and set-asides, stock/thrift plans and profit/gain-sharing options, and other benefits. Students will learn how systematically developed compensation packages are implemented and effectively managed. Students will also learn the importance of compensation management to improved organizational productivity and employee performance. Prerequisites: None; 5 Semester Hours