Course Description

Course Description

This course explores topics in basic total compensation design and decision-making. It will provide the student with knowledge required for planning, developing, and administering total compensation programs that are compliant with government laws and regulations. Topics include: wage decisions, budgeting, benefits, incentive plans, and retirement plans.

Policies

Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents:

* University policies: You must be logged into the student website to view this document.

* Instructor policies: This document is posted in the Course Materials forum.

University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality.

Course Materials

Martocchio, J. J. (2009). Strategic compensation: A human resource management approach (5th ed.). Upper Saddle River, NJ: Pearson Education.

Milkovich, G. T., & Newman, J. M. (2008). Compensation (9th ed.). New York, NY: McGraw-Hill.

All electronic materials are available on the student website.

Week One: Total Compensation Philosophies and Strategies

Details Due Points

Objectives 1.1 Apply organizational objectives to total compensation.

1.2 Analyze total compensation within different markets.

1.3 Explain various laws and regulations guiding total compensation.

Readings Read Ch. 1-3 & 9 of Strategic Compensation: A Human Resource Management Approach.

Read the following items, available at http://ecampus.phoenix.edu:

* Learning Team Handbook

* Guide to Charter

* Learning Team Charter

* Learning Team Evaluation

Read this week's Electronic Reserve Readings.

Participation Participate in class discussion.

Complete weekly summary 4/7 days-

2 required per day

Day 7 2

1

Discussion Questions Respond to weekly discussion questions. Day 3 2

Individual Organizational Objectives and Total Compensation in Different Markets Assume the role of a human resources (HR) consultant. Unsure of legal obligations in designing a total compensation plan, a client has asked you to explain how certain laws and regulations affect total compensation in their organization. The client's organization employs 200 people, is a federal contractor, and operates in the biotech industry.

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* Write a 350- to 700-word paper providing examples of laws and regulations influencing total compensation.

* Analyze similarities and differences in total compensation between this organization and other organizations in different markets.

* Provide at least two examples that illustrate such similarities and differences.

Format your paper consistent with APA guidelines.

Post Attachment in the Assignments tab on the eCampus navigation tool bar. Along with your assignment, please attach the Certificate of Originality located in your course materials forum. Day 7 10

Week Two: Wage Decisions in Total Compensation

Details Due Points

Objectives 2.1 Analyze the wage management process for a business enterprise.

2.2 Explain the relationship between compensation plans and a company's financial operations.

2.3 Compare internal and external equity.

Readings * Read Ch. 6-8 of Strategic Compensation: A Human Resource Management Approach.

Read this week's Electronic Reserve Readings.

Participation Participate in class discussion.

Complete weekly summary 4/7 days-

2 required per day

Day 7 2

1

Discussion Questions Respond to weekly discussion questions.

Day 3 2

Learning Team

Charter Complete a Learning Team Charter Day 7 3

Learning Team Instructions

* Resources: Assigned readings, ERRs, the Internet, and other resources

Collaborate on the Performance-Based Pay and Employee Rewards Presentation due in Week Three.

Individual

Internal and External Equity Comparison * Resources: Assigned readings, ERRs, the Internet,and other resources

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* Write a 700- to 1,050-word paper, in which you identify a total compensation plan for an organization focused on internal equity, and a total compensation plan for an organization focused on external equity.

*

* Identify advantages and disadvantages of internal and external equity for the organizations.

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* Explain how each plan supports that organization's total compensation objective and the relationship of the organization's financial situation to its plan.