TROY UNIVERSITY MASTER SYLLABUS SORRELL COLLEGE OF BUSINESS HRM 6632 Compensation and Benefits Prerequisites Graduate standing. Description This course is designed to provide the student with both the theoretical and practical knowledge to design, administer, and evaluate compensation and benefit systems. It addresses how both monetary and nonmonetary rewards can be used to attract, motivate, and retain employees when designed strategically and integrated into performance management systems. Objectives Upon completion of the course, the student should be able to: 1. 2. 3. 4. 5. 6. 7. 8. 9. Summarize key legislation and selected regulations affecting compensation and benefits. Perform a job analysis and prepare a job description. Apply principles of job evaluation to build an internally consistent compensation system. Use compensation surveys to build a market-competitive compensation system. Analyze the relationship between performance appraisal and incentive compensation systems. Explain the role of employee benefits in creating a total rewards strategy. Discuss ethical issues surrounding executive compensation. Identify methods used to compensate foreign and expatriate employees. Align performance and compensation management strategies with organizational goals in an apt scenario. Purpose To provide students with an understanding of how compensation and benefits operate to attract, motivate, and retain a competent workforce focused on achieving organizational goals. Further, students will learn how to assess reward systems in terms of the criteria of equity and cost effectiveness and how to assess and diagnose compensation management issues and problems and develop appropriate solutions. Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook. The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Chair guidance. 15 August 2015 Master Syllabus: HRM 6632 2 Approved Text:* Martocchio, J. J. Strategic compensation: A human resource management approach. Upper Saddle River, NJ: Prentice Hall. Program SLOs Addressed by Assessment Component: 1. SLO 4.1: Students will demonstrate awareness of globalization and its potential impact on human resource management practices. 2. SLO 4.2: Students will analyze the impact of cross-cultural issues on HRM practices and propose appropriate HRM actions. 3. SLO 5.1: Students will demonstrate effective writing skills in preparing a research paper. Assessment: The following materials are required in this course for assessment purposes. Assignment: “Jenkins Goes Abroad” (in Martocchio text, Chapter 14) Related Rubric: Globalization Rubric – MSHRM Program Assignment: Research Paper (length to be determined by instructor) Related Rubric: Written Communication Rubric – MSHRM Program See related “Instructor Guidelines for Administering MSHRM Rubrics.” Student Engagement: Instructors in this course will add videos, movies, site visits, guest speakers, service learning projects, or other activities designed to engage students in experiential and active learning activities designed to improve skills and the application of knowledge within the business community. Optional Reference Materials:* Martocchio, J. J. Employee benefits: A primer for human resource professionals. Boston, MA: McGraw-Hill. Murphy, K. J., & Dial, J. General Dynamics: Compensation and strategy (A) [Case #9-494-048]. Cambridge, MA: Harvard Business School. * Note: The most recent edition is required unless otherwise specified. Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space): 1. Course title 2. Course number + section 3. Term 4. Instructor 5. Prerequisites 6. Office hours 7. Class days, times 8. Classroom location 9. Office location + e-mail address 10. Office telephone 11. Course description, objectives 12. Text(s) 13. Other materials 14. Grading methods, 16. General supports criterion weights, (computer works, make-up policy, writing center) mid-term grade 17. Daily assignments, reports holidays, add/drop 15. Procedure, course & open dates, dead requirements day, final exam 18. ADA statement 19. Electronic device statement 20. Additional services, statements 21. Absence policy 22. Incomplete-work policy 23. Cheating policy 24. Specialization requirements (certification, licensure, teacher competencies)