Psy 4416:  

Course Objectives

The purpose of this course is to provide you with an introduction to compensation issues in organizations. Lectures, discussions, exercises, and current events will be used to increase your knowledge of the pay and benefits process. Specific expectations for the class are reflected in the exam study guides. Briefly, by the end of the course you should be able to describe and have increased knowledge of (the):

• Relation between compensation and an organization’s strategic objectives

• Legal context surrounding compensation in the U.S.

• Determination of the organization’s internal alignment

• Role of job analysis in compensation

• Job evaluation techniques and person-based structures

• Determination of external competitiveness and constructing compensation surveys

• Pay for performance systems

• Mandated and non-mandated benefits

• Executive compensation packages and compensation for other “special” groups

• Compensation in other countries

Psychology Department learning outcomes or competencies developed in this class include:

• Knowledge Base of HRM

• Critical Thinking Skills

• Language of the Discipline

• Communication Skills

• Legal Regulation of HRM

• Applications of HRM Principles and Practices