HR: Compensation, and Incentives

After completing this course, you should be able to:

• Discuss various psychological perspectives on pay and reward systems
• Apply motivation theories to pay and reward systems design and implementation
• List and describe various pay structures and types of pay
• Link compensation with other functions within the HRM process
• Explain the ways HR laws and labor unions influence the design and implementation of compensation and reward systems
• Discuss opportunities, challenges, and recent developments in the area of compensation

Students, aspiring professionals, Interns, executives etc.

Basic English and computer literacy required

Contributes to Professional and technical skill development in this area

IACET endorsed printable certificate on scoring 80% pass

Pay and benefits are critical factors in the attraction, motivation, and retention of talent. The key to a successful pay and benefits package is its power to consistently motivate employees to exhibit behaviors aligned with organizational goals, strategies, and culture. This course will discuss different perspectives on how pay and benefit systems should be designed and implemented as well as the implications of each perspective for compensation and incentives.

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