When we undertake work, we expect reward for our efforts. We will make both a financial and psychological assessment of whether that reward is commensurate with the time, effort and skills we put into the task(s). Much of our adult working life involves a transactional relationship with our employer; we provide the employer with Labour and, in return, our employer provides a reward; such rewards may be monetary or, involve other indirect benefits, such as training. The purpose of this course is to help students;
1. Develop an understanding of the complex relationship that reward and compensation play in organizational success.
2.Develop the ability to actually design a compensation system that will promote organizational success.
3.Identify the problems caused by ineffective compensation systems.
4. Design effective processes for compensation system implementation and evaluation
Organisations operate within a fiscally constrained and highly competitive environment and as such, effective reward and compensation systems will incorporate characteristics that stimulate both extrinsic and intrinsic motivations. In advance of attending this course, give thought to reward and compensation systems that you have been exposed to and think critically about whether you considered the system to be fair or unfair and whether you consider it successful. This class will be highly interactive, the expectation is that students will have read material in advance and be capable of engaging in informed intellectual debate in class on the subjects being taught.
1. Develop an understanding of the complex relationship that reward and compensation play in organizational success.
2.Develop the ability to actually design a compensation system that will promote organizational success.
3.Identify the problems caused by ineffective compensation systems.
4. Design effective processes for compensation system implementation and evaluation
Organisations operate within a fiscally constrained and highly competitive environment and as such, effective reward and compensation systems will incorporate characteristics that stimulate both extrinsic and intrinsic motivations. In advance of attending this course, give thought to reward and compensation systems that you have been exposed to and think critically about whether you considered the system to be fair or unfair and whether you consider it successful. This class will be highly interactive, the expectation is that students will have read material in advance and be capable of engaging in informed intellectual debate in class on the subjects being taught.
- Instructor: Martin McMahon