HRM831 - Design & Administration of Compensation Plans
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|Last revision date||Oct 1, 2013 3:55:07 PM|
|Last review date||Nov 18, 2013 12:15:08 AM|
Design & Administration of Compensation Plans
The purpose of this subject is to examine the principles, processes and theories involved in the design and administration of compensation programs. Emphasis is placed on linking compensation strategy to corporate strategy, applying behavioural theories in the design of compensation programs and implementing, managing and adapting compensation programs.
One full credit.
Upon successful completion of this subject the student will be able to:
1. Outline strategic compensation issues and describe the pay model.
2. Define consistency as it applies to employee compensation.
3. Outline methods for describing and assessing work using job analysis.
4. Outline various methods for evaluating work: job evaluation, knowledge-based plans and market pricing.
5. Discuss the administrative processes associated with the evaluation of work.
6. Define competitiveness as applied to employee compensation.
7. Design a basic pay structure.
8. Outline how employee performance and contributions can be effectively recognized in pay practices.
9. Describe performance evaluation and merit pay systems.
10. Describe alternatives to traditional reward systems.
11. Describe benefits determination process.
12. Explain the government's role in compensation.
13. Outline the process of implementing a pay equity plan in the Province of Ontario.
14. Outline key compensation budgeting and administration issues.
15. Demonstrate effective written and verbal skills by case analysis, assignments, exams and through in-class participation and presentations.
Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.
To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at firstname.lastname@example.org.
Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.