BUS 1403 - Managing Total Rewards
2 Credits
Evaluate total rewards strategies that align with organizational goals and philosophy to attract, retain, and engage top talent. Assess competitive and market pressures as part of the strategy. Topics include compensation structure, mandatory and non-statutory benefits, market analysis, Job evaluation, benchmarking, perquisites, incentives, communication, terminations, and federal, state, and local laws. Evaluate total rewards strategies that align with organizational goals and philosophy to attract, retain and engage top talent. Assess competitive and market pressures as part of the strategy. Topics include compensation structure, mandatory and non-statutory benefits, market analysis, Job evaluation, benchmarking, perquisites, incentive, communication, terminations, and federal, state, and local laws. This course is aligned with the Society of Human Resource Management (SHRM) Body of Applied Knowledge (BASK).
Major Content Areas
Business strategy and PhilosophyMarket analysis Relevant laws and ethical considerations Job documentation elements Benefit needs assessments Mandatory & Discretionary compensation and benefits Global considerations
Learning Outcomes
Align total rewards with business strategies and philosophy Conduct market analysis Describe global considerations Analyze the impacts of laws and ethics Review job documentation elements Determine how to effectively communicate Total Rewards Design benefit needs analysis
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