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Compensation Basics

How do you pay your people appropriately, motivate and retain them while not "giving away the store" or causing potential legal issues? How do you set up a base compensation plan for your company? Explore methods to properly pay your employees in a cost-effective, competitive, equitable, and legal manner. Examine compensation philosophy, strategy, and current practices including legal issues, base pay plans, incentive and sales compensation, and executive pay issues. Strategize establishment of a base compensation plan for your company.

Required textbook: This class utilizes chapters 11 & 12 of Human Resource Management, 14th ed., by RL Mathis and JH Jackson. Please visit link http://www.cengagebrain.com/shop/isbn/9781133953104 for information regarding the purchase of individual chapters.

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