Advanced Compensation

Design an organization’s compensation plan from start to finish. This course is designed to apply objectives, principles, regulations and terminology gained in the Compensation Basics class. Students will learn to design an organization’s compensation plan from start to completion. Through this hands-on class, students will learn to identify key steps in the design process, analyze organizational needs, translate those needs into compensation strategies, and develop a program that supports the organizational goals. Team case studies are used throughout the class, which will illustrate each step in the process of designing a compensation plan. Students will come away with a completed compensation packet and learn about how other teams with different case studies put together their compensation plans.

• Develop a compensation philosophy and policy that will best work for a case study profile
• Conduct a job evaluation using a market analysis approach
• Design an organization’s base pay structure
• Analyze the extent of linkages between pay, employee performance, and organizational objectives
• Learn what is needed in a compensation communication plan and develop strategies for the case study profile