MGMT 4650 Compensation and Rewards

3 semester hours

This advanced management elective deals with such topics as wage and salary administration, benefits administration (U.S. and international), performance management, governmental and legal issues, and budgeting and administration. The course presents practical tools, methods, and a systems perspective to help students understand the role of compensation (base pay and total compensation) in human resource management. Knowledge and skill development from this course is important for future HR professionals and general managers alike. Additionally, this course examines various theories, strategies, and actual practices of employee total compensation (including employee benefits and nonfinancial rewards). A central question throughout will be about what types and forms of compensation practices best motivate and stimulate performance and commitment in the workplace.

Prerequisite: MGMT 3610 .