This course examines the basic components of compensation systems (i.e., compensation objectives, job hierarchies, forms of pay, salary survey, etc.). A Canadian text is used that combines economic, sociological and psychological approaches to the study and design of pay systems. The course uses a detailed description of a hypothetical organization and a problem-oriented teaching method to explore topics such as the relationship between compensation systems and firm performance, and the tradeoffs between internal and external equity in the design of compensation systems.
This course examines the basic components of compensation systems (i.e., compensation objectives, job hierarchies, forms of pay, salary survey, etc.). A Canadian text is used that combines economic, sociological and psychological approaches to the study and design of pay systems. The course uses a detailed description of a hypothetical organization and a problem-oriented teaching method to explore topics such as the relationship between compensation systems and firm performance, and the tradeoffs between internal and external equity in the design of compensation systems.
