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Essentials of Compensation

X450.3 (2 semester units in Business Administration)

The total cost of employee compensation to an employer or organization can vary greatly, from 20 percent of overall operating expenses in a highly automated environment to 80 percent in a service organization. An organization's compensation system is influenced by many factors, including the availability of a skilled workforce, the organization's structure, the economic environment, and legal requirements.

This introductory course helps you understand the design and administration of a cash compensation system and how that system determines and influences management of human resources. The course presents the concepts, terminology, and objectives of direct compensation systems (wage and salary rather than indirect compensation in the form of benefits) that can attract, motivate, and retain the commitment of employees. Through lectures, case studies, class projects, and assigned readings, you study basic compensation theory, strategy, and techniques. Enrollment is limited.

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Wed. June 4, San Francisco