This course explores topics in basic total compensation design and decision-making. It will provide the student with knowledge required for planning, developing, and administering total compensation programs that are compliant with government laws and regulations. Topics include: wage decisions, budgeting, benefits, incentive plans, and retirement plans.
This undergradate course is 5 weeks.
Attendance and participation are mandatory in all university courses, and specific requirements may differ by course. If attendance requirements are not met, a student may be removed from the course. Please review the Course Attendance Policy, Tuition Refund Policy and all University Policies in the Catalog for more information.
- Apply total compensation to organizational strategic objectives.
- Analyze total compensation within different external markets.
- Explain various laws and regulations guiding total compensation
- Explain the relationship between compensation plans and a company’s financial operations.
- Compare internal and external equity
- Discuss variable pay and its role in total compensation.
- Compare direct and indirect compensation systems
- Analyze various performance-based pay strategies.
- Summarize total rewards plans for various employee groups.
- Evaluate various types of retirement plans.
- Identify specific requirements of the Employee Retirement Income Security Act of 1974 (ERISA).
- Determine factors to consider when selecting a retirement plan.
- Describe methods to coordinate total compensation plans
- Evaluate trends and issues in total compensation
- Create a clearly defined job description that will attract, motivate, and retain key talent.
The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with an Enrollment Representative.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.
If you have a question contact us at 866-345-1800.