BUSI 337 - Total Rewards

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): BUSI 237 or HOSP 210

Restriction(s): None

Corequisite(s): None

This course is designed to provide students with a detailed perspective of the application and integration of human resources in business and organizational environments related to the development and design of total rewards packages ensuring internal alignment is consistent with external environments. The focus of the course topics include the impact of rewards on attraction, retention, and performance management. It includes the strategic framework for compensation; the components of a compensation strategy; job evaluation and its use to develop internally equitable compensations systems and the need for training programs; evaluation of the labor market and individuals, and the use of salary surveys to ensure externally equitable and fiscally responsible compensation systems; design of direct and indirect pay plans; compensation systems; effective communication to current employees and succession planning. This class will include U.S. laws that relate to compensation and benefit systems.

Student Learning Outcomes of the Course:

Students will demonstrate an understanding what a total rewards system entails for a business.
Students will identify the elements of compensation versus non-compensation rewards
Students will be able to fully utilize the O*Net system to help review current company job evaluations and salary levels based on geographic locations.
Students will create salary surveys using O*Net and external systems to ensure they are paying employees equitably.