BMT-2580 Compensation and Benefits Management

Credits 3
In this course students examine the current theories and practices of compensation. Emphasis is on examining various pay structures and benefit options. Students examine both internal alignment and external competitiveness of pay structures. Next, they explore how to align offered benefits with personal needs. Additionally, students learn about different forms of performance appraisal systems. Students also determine the compensation needs of special groups, such as interns and seasonal workers. Finally, students discuss the role of unions in compensation practices.
Prerequisite(s): Reading readiness
Formerly Formerly MGT-2580. Students may not receive credit for both MGT-2580 and BMT-2580.
Course Outcomes

Classify different forms of pay levels and pay structure.
Examine internal alignment of pay structures.
Examine external competitiveness of pay structures.
Evaluate performance appraisals versus pay-for-performance.
Match the offered benefits with personal needs.
Interpret the influence of unions on compensation practices.
Discern the compensation needs of special groups, such as interns and temporary employees.