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The purpose of this course is to provide you with
an in-depth survey of 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):
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Relation between compensation and an organization’s
strategic objectives
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Legal context surrounding compensation in the U.S.
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Determination of the organization’s internal
alignment
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Role of job analysis in compensation
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Job evaluation techniques and person-based
structures
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Determination of external competitiveness and
constructing compensation surveys
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Pay for performance systems
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Mandated and non-mandated benefits
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Executive compensation packages and other “special”
groups
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Unions and compensation
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Compensation in other countries
Psychology department outcomes or competencies
developed in this class include:
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Understanding of critical facts, theories, and
issues in HRM
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Library, Internet, and computer-based
information-seeking skills
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Critical thinking or problem solving in discipline
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Ability to communicate clearly, skillfully, and
sensitively with others (including oral and written communications
skills)
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Using language and style requirements of discipline
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Appreciation of individual differences and
diversity
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