Compensation should be viewed as the strategic management of wages and salaries. Compensation management strives for internal and external equity. Internal equity requires that pay be related to the relative worth of a job so that similar jobs get similar pay. External equity means paying workers what other firms in the labor market pay comparable workers.
Course Content
Course Modules
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Introduction
02:09 -
Economic Theories and Compensation Management
04:56 -
Compensation Management and Job Design
07:19 -
Performance Related Compensation
06:27 -
Negotiation in Compensation
03:19 -
Attrition and Compensation Management
02:41 -
Executive Compensation
02:26 -
Sales Compensation Plans
06:03 -
Strategic Compensation Management
06:57 -
Quantitative Tools and Innovation in Compensation
06:48 -
International Compensation Management
09:48