Master Syllabus: HRM 6632 3

TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS

HRM 6632
Compensation and Benefits

Prerequisites

Graduate standing.

Description

This course is designed to provide the student with both the theoretical and practical knowledge to design, administer, and evaluate compensation and benefit systems. It addresses how both monetary and nonmonetary rewards can be used to attract, motivate, and retain employees when designed strategically and integrated into performance management systems.

Objectives

Upon completion of the course, the student should be able to:

  1. Summarize key legislation and selected regulations affecting compensation and benefits.
  2. Perform a job analysis and prepare a job description.
  3. Apply principles of job evaluation to build an internally consistent compensation system.
  4. Use compensation surveys to build a market-competitive compensation system.
  5. Analyze the relationship between performance appraisal and incentive compensation systems.
  6. Explain the role of employee benefits in creating a total rewards strategy.
  7. Discuss ethical issues surrounding executive compensation.
  8. Identify methods used to compensate foreign and expatriate employees.
  9. Align performance and compensation management strategies with organizational goals in an apt scenario.

Purpose

To provide students with an understanding of how compensation and benefits operate to attract, motivate, and retain a competent workforce focused on achieving organizational goals. Further, students will learn how to assess reward systems in terms of the criteria of equity and cost effectiveness and how to assess and diagnose compensation management issues and problems and develop appropriate solutions.

Approved Text (most recent edition unless otherwise specified):

Martocchio, J. J. Strategic compensation: A human resource management approach. Upper Saddle River, NJ: Prentice Hall.

Program SLOs Addressed by Assessment Component:

  1. SLO 4.1: Students will demonstrate awareness of globalization and its potential impact on human resource management practices.
  2. SLO 4.2: Students will analyze the impact of cross-cultural issues on HRM practices and propose appropriate HRM actions.
  3. SLO 5.1: Students will demonstrate effective writing skills in preparing a research paper.

Pre-Assessment Materials:

1. YouTube Video: “Four Principles of a Sound Compensation Philosophy (Corporate Board Member).” This video should be placed in the module addressing executive compensation as a stand-along “Assignment.” (6:39 minutes)
2. YouTube Video: “APA Format and Citation: Sixth (6th) Edition (David Taylor).” This video should be placed as a stand-alone “Assignment” to accompany the research paper assignment for assessment. (9:32 minutes)
3. Sample Research Paper: “APA-sample-paper-Purdue.” This pdf can be found on the web by Googling the title shown. This sample paper should accompany the research paper assignment for assessment. https://owl.english.purdue.edu/owl/resource/560/18/

Assessment: The following materials are required in this course for assessment purposes.

Assignment: Research Paper (Note: Students should be encouraged to submit this paper to “NetTutor” for writing analysis prior to submission to the instructor.)
Related Rubric: Written Communication Rubric – MSHRM Program

Assignment: “Jenkins Goes Abroad” (in Martocchio text, Chapter 14)
Related Rubric: Globalization Rubric – MSHRM Program
See related “Instructor Guidelines for Administering MSHRM Rubrics.”

Course Coordinator: Dr. William Heisler


Student Engagement:

Instructors in this course will add videos, movies, site visits, guest speakers, service learning projects, cases involving actual organizations, or other activities designed to engage students in experiential and active learning activities to improve skills and the application of knowledge within the business community.
Other Suggested Course Materials:

Martocchio, J. J. Employee benefits: A primer for human resource professionals. Boston, MA: McGraw-Hill.

Murphy, K. J., & Dial, J. General Dynamics: Compensation and strategy (A) [Case #9-494-048]. Cambridge, MA: Harvard Business School

Quick Tips for Designing a Global Compensation Plan - https://www.worldatwork.org/waw/canadanews/html/canv11n2-5.html


Mission of the Sorrell College of Business:

The Sorrell College of Business (SCOB) prepares a diverse student body, drawn primarily from Alabama and surrounding states, to become successful, ethical and engaged business professionals with the knowledge to compete in the global business environment.

To achieve this our faculty, staff, and administration:

Provide quality undergraduate and graduate education in global business through high-quality teaching in-class and online;

Serve the university and engage with business and professional communities in our primary service area through individual involvement and our centers for research and outreach;

Grow and enhance the longstanding “culture of caring” for our traditional, nontraditional, military, and international students; and

Contribute to the creation of knowledge, with a focus on the scholarship of application and integration, and teaching and learning, complemented by basic and discovery scholarship in select disciplines.

Vision of the Sorrell College of Business:

The Sorrell College of Business strives to be a renowned teaching-focused business college graduating GEEKS ready to succeed in business and life.

G = Globally aware

E = Engaged with the business community

E = Ethical decision makers

K = Knowledgeable to compete

S = Successful

Troy University Faculty Handbook (2016): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):

1.  Course title
2.  Course number + section
3.  Term
4.  Instructor
5.  Prerequisites
6.  Office hours
7.  Class days, times / 8.  Classroom location
9.  Office location + e-mail address
10.  Office telephone
11.  Course description, objectives
12.  Text(s) / 13.  Other materials
14.  Grading methods, criterion weights, make-up policy, mid-term grade reports
15.  Procedure, course requirements / 16.  General supports (Computer Works, writing center)
17.  Daily assignments, holidays, add/drop & open dates, dead day, final exam / 18.  ADA statement
19.  Electronic device statement
20.  Additional services, statements
21.  Attendance/
Absence policy / 22.  Incomplete work policy
23.  Cheating policy
24.  Specialization requirements (certification, licensure, teacher competencies)