BUS 2015 - Benefits and Compensation

1. Demonstrate effective communication skills in both written and spoken form, teamwork, problem-solving, and critical-thinking skills.
2. Use established techniques to perform the critical analysis of information and propose solutions to problems arising from that analysis.
3. Demonstrate teamwork skills, in conjunction with problem-solving, decision-making, critical-thinking, and other transferable skills necessary for employment.
4. Explain current employer issues affecting the development of a strategic compensation program.
5. Identify the critical factors that influence the setting of compensation ranges.
6. Discuss the mechanics of each major job evaluation system.
7. Interpret the results of a wage survey and characterize the wage curve, pay grades, and rate ranges as parts of the compensation structure.
8. Identify the major provisions of the federal laws affecting compensation and discuss their application to American organizations of varying sizes.
9. Assess management concerns about the costs of employee benefits and identify effective methods of cost control.
10. Identify and analyze the recent trends in retirement policies and pension programs.
11. Characterize the elements of, and requirements for, the successful implementation of incentive programs for non-management, management, and executive employees.

1. Strategic compensation planning
2. Methods of job evaluation
3. Compensation structures, issues, and market surveys
4. Legal compliance
5. Employee benefit programs and services - required and discretionary
6. Performance measurements and employee incentive plans
7. Salary administration and executive compensation
8. Contemporary issues in human resource compensation and benefits