HRM 412
Compensation, Benefits, and Performance Management
Management
Marriott School of Business
Course Description
Wage and salary administration, incentives, employee benefits, grievance and discipline systems, performance appraisal.
When Taught
Winter
Grade Rule
Grade Rule 8: A, B, C, D, E, I (Standard grade rule)
Min
3
Fixed
3
Fixed
3
Fixed
0
Other Prerequisites
HRM 402 (or Org B 327) or instructor's consent.
Title
Job Evaluation
Learning Outcome
Use a job evaluation program, such as the point method, to create a wage structure in an organization.
Title
Employee Benefits Programs
Learning Outcome
Describe the common elements of employee benefits programs and explain how they are administered.
Title
Performance Evaluation
Learning Outcome
Develop and use a performance appraisal program to evaluate employee performance and describe the strengths and weaknesses of different appraisal methods.
Title
Pay Administration
Learning Outcome
Administer a pay system, such as calculating take-home and overtime pay, creating executive compensation packages, and adjusting pay levels for inflation.
Title
Wage Level Decisions
Learning Outcome
Determine wage levels and use wage surveys to assign fair wage rates.
Title
Financial Incentives
Learning Outcome
Use financial incentives to motivate employees through such programs as merit pay, individual or group bonuses, piece-rate incentives, commissions, bonuses, and profit sharing plans.
