|BA4855||Compensation Structure Development||3 ch (3C) [W]|
Explores the theory and practice of compensation structure development based on concepts of internal and external equity. Internal equity focuses on assessing the relative worth of different jobs in an organization through job evaluation. External equity involves assigning pay levels to different jobs in an organization based on data collected from wage and salary surveys of competitors. Students are required to apply concepts and techniques discussed in class within a group project that entails developing a compensation structure for a hypothetical company.