Compensation Management

The primary objective of this course is to provide an understanding of the process, theories, techniques, and practices involved in developing and administering a compensation system. The course enables students to gain knowledge of the theoretical and applied aspects of the compensation function, the linkage between the compensation function and the organizational management process, the alignment of compensation policies and techniques to strategic objectives, and the compensation system design necessary to attract, retain, and motivate the workforce. Contemporary compensation practices in business will be studied. Successful completion of this course, with a minimum final grade of 65%, will qualify as an approved credit towards the academic component of the Certified Human Resources Professional designation (CHRP), a designation granted by the Human Resources Professionals Association (HRPA). Please visit www.hrpa.ca for full details.