Compensation

Course Code: HRM 5004

Academic Year: 2019-2020

This course covers the theoretical issues, processes and practical applications involved in developing and administering a compensation system to attract, retain and motivate the required workforce. It provides an understanding of the objectives, policies, techniques and standards necessary to meet the strategic goals of organizations and individual employee needs. Specific topics include job analysis, job evaluation, labour market surveys, job pricing and salary administration functions.