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HR 434 Compensation Management
Lewis, Leslie Hugh


Mission Statement: The mission of Park University, an entrepreneurial institution of learning, is to provide access to academic excellence, which will prepare learners to think critically, communicate effectively and engage in lifelong learning while serving a global community.

Vision Statement: Park University will be a renowned international leader in providing innovative educational opportunities for learners within the global society.

Course

HR 434 Compensation Management

Semester

F2T 2009 DLB

Faculty

Lewis, Les

Title

Management/HR Faculty

Degrees/Certificates

Post Graduate Studies UT Austin McCombe Grad School of Business
MBA Management Systems University of North Texas
BBA Economics/Finance and Management Baylor University     BS Social Psychology Park University   AAS Electronics ACC

Office Location

RM 209 Austin Center

Office Hours

TBD

Daytime Phone

512.251.4061 Home

E-Mail

leslie.lewis@2park.edu

Semester Dates

Oct. 19 - Dec.13, 2009

Class Days

TBA

Class Time

TBA

Prerequisites

AC202 and HR 353

Credit Hours

3


Textbook:
 

Compensation Management in a Knowledge Based World, 10th ed., by Richard I. Henderson. ISBN #: 0-13-149479-1

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.
Advising - Park University would like to assist you in achieving your educational goals. Please contact your Campus Center for advising or enrollment adjustment information.
Online Classroom Technical Support - For technical assistance with the Online classroom, email helpdesk@parkonline.org or call the helpdesk at 866-301-PARK (7275). To see the technical requirements for Online courses, please visit the http://parkonline.org website, and click on the "Technical Requirements" link, and click on "BROWSER Test" to see if your system is ready.
FAQ's for Online Students - You might find the answer to your questions here.


Course Description:
HR 434 Compensation Management: A study of compensation theories, policies, systems and practices with emphasis on the design of effective compensation programs. The course views compensation basically from the employers point of view. 3:0:3. Prerequisite: AC202 and HR 353

Educational Philosophy:

I develop each class with the idea that "We are all Life Time Learners" and that adults learn better if they are part of the learning process itself.  In order to succeed in this course, the student must first and foremost participate each week in class.  The facilitator's educational philosophy is one of interactiveness based on the assumption that the student must conscientiously prepare for class by reading the text prior to participation.  The student must satisfactorily complete all examinations, term paper, and homework which is developed to emphasis the course's Core Learning Outcomes.  All methods of teaching are designed to transfer new material by clarifying and emphasizing subject areas presented in the text, current news topics, and experiences. I want to give you some tool to use on current and future environments.

Learning Outcomes:
  Core Learning Outcomes

  1. Identify three key processes and systems in the compensation management field.
  2. Describe three current, Compensation Management issues
  3. Identify the differences between direct and indirect compensation and define each of the direct and indirect forms of compensation described in the text.
  4. Apply the Key Steps to Formulate a Total Compensation Strategy.
  5. Identify the dimensions that comprise a pay structure and factors that influence the structure.
  6. Explain the differences between job-based, knowledge-based and competency-based pay structure.
  7. Describe the legally required benefits by employee class.


  Instructor Learning Outcomes
  1. 8. Explain how to Identify job content and to determine job worth.
  2. 9. Explain the The impact of ADA on developing compensation strategy.
  3. 10. Define the process of developing employee benefits programs.
  4. 11. Define the cocept of Compensation and its influence on employee behavior.
Core Assessment:
Final Exam and Case Study Report

Link to Class Rubric

Class Assessment:

  •  
    • Total course points = 1000 pts 
    • Final Exam = 300pts, Mid Term Exam = 100 pts,  Term Participation = 60pts, Case Analysis Problems =200pts (100 per case), Research Paper =200pts, and Discussion Questions/Peer Reviews = 140pts (20pts each week).  Note: A Discussion Question will not be given in week eight.  
    • Proctored final examination/Project - If the course requires a proctored final, the information below should be included.  If the course is a graduate course and doesn't require a proctored final, the detailed description of the projects activities, requirements, and due dates are set forth in the eComanion. .
    • A final proctored examination will be taken in a proctored testing environment during the 8th week at one of the Park University sites around the country or at an alternative location.  For proctored examinations, photo identification is required at the time of the test.  Guidelines for selecting an acceptable proctor can be found on the Park University Website. 

    o    Other Information on proctored exams:

    § It will be the responsibility of the student to arrange for a proctor, by the 6th week of the term, who is accepted and approved by the course instructor. 

    § Approval of proctors is the discretion of the Online instructor. 

    § A proctor request form will be made available to you during the first week of class so that you can send your requested proctor to your instructor for approval. 

    § Failure to take a final proctored exam (or submit your final project for some online graduate courses) will result in an automatic "F" grade.

    Grading:

    A = 90- 100% (900 or Higher)
    B = 80-89% (or 800 to 899 points)
    C = 70-79% (or 700 to 799 points)
    D = 60-69% (or 600 to 699 points)
    F = < 60% (600 or fewer points)

    The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

    All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.


    Late Submission of Course Materials:

    · Submission of Late Work:  If late, 10% will be deducted per day until the assignment is turned in. If not turned in within four days from the due date,  a grade of an "F" will be assigned. 

Grading:

A = 90- 100% (900 or Higher)
B = 80-89% (or 800 to 899 points)
C = 70-79% (or 700 to 799 points)
D = 60-69% (or 600 to 699 points)
F = < 60% (600 or fewer points)

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:
Late Submission of Course Materials:
  • Submission of Late Work:  If late, 10% will be deducted per day until the assignment is turned in. If not turned in within four days from the due date,  a grade of an "F" will be assigned. 
  • Classroom Rules of Conduct:

    Academic integrity is the foundation of the academic community.  Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of the Park University academic honesty policies, which can be found on page 101 of the Park University Undergraduate Catalog or page 13 of the Park University Graduate Catalog.

    Definitions

    Academic dishonesty includes committing or the attempt to commit cheating, plagiarism, falsifying academic records, and other acts intentionally designed to provide unfair advantage to the students.

    • Cheating includes, but is not limited to, intentionally giving or receiving unauthorized aid or notes on examinations, papers, laboratory reports, exercises, projects, or class assignments which are intended to be individually completed.  Cheating also includes the unauthorized copying of tests or any other deceit or fraud related to the student's academic conduct.
    • Plagiarism involves the use of quotation without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignments (any portion of such) prepared by another person, or incorrect paraphrasing.
    • Falsifying academic recordsincludes, but is not limited to, altering grades or other academic records.
    • Other acts that constitute academic dishonesty include:
      • Stealing, manipulating, or interfering with an academic work of another student or faculty member.
      • Collusion with other students on work to be completed by one student.
      • Lying to or deceiving a faculty member.

    Procedure

    In the event of alleged academic dishonesty, an Academic Dishonesty Incident Report will be submitted to an Online Academic Director who will then investigate the charge.  Students who engage in academic dishonesty are subject to a range of disciplinary actions, from a failing grade on the assignment or activity in question to expulsion from ParkUniversityParkUniversity's academic honesty policy and related procedures can be found in full in the 2004-2005 Park University Undergraduate

    Course Topic/Dates/Assignments:

    During Week 1 read chapters one and two.  Chapters one, two and three. will discuss compensation systems and how they integrate into business environments.  Also you'll learn about reward systems and how it benefits the work organization.

    Week One Assignment

    Weekly Assignments:

    Core Learning Outcomes discussed this week:

    #1 List and explain compensation and noncompensation dimensions.
    #11 Recognize differences in compensation opportunities for employees in different jobs and at different levels in the organization.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview button.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 1 - Compensation in a Knowledge-Based Global Economy
    Chapter 2 - The Reward System: Compensation And Noncompensation Dimensions
    Chapter 3 - The World of Pay and Compensation

    Written/Electronic Assignment:
    There are no written assignments for this week.

    Discussion:
    Post your responses to the discussion questions under Week 1 (located on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the grading rubric included on the Course Overview page. Each response to other students must be value added and contain complete, grammatically correct responses.

      • Class Activities: Introduction to online computer conference learning. Introduction and discussion of syllabus/assignment schedule. Course overview. Answer chapter one review questions on page 13, and chapter two review questions on page 24 for YOUR OWN GUIDE TO THE MID TERM AND FINAL.. Review Questions will not be graded but can appear on mid term and final exams.

    Week 2:

    Weekly Assignments:

    Core Learning Outcomes:

    #3 Identify and describe the continuing influence of government on compensation practices.
    #4 Describe the Fair Labor Standards Act and its impact on compensation management administration.
    #7 Explain and describe the importance of the 5 steps (Perform a job analysis, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure) in how organizations determine the base pay for workers in all types of jobs.
    #11 Recognize differences in compensation opportunities for employees in different jobs and at different levels in the organization.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 4 - Organizational Structure:  Strategic And Tactical Compensation Issues
    Chapter 5 - Legislation An Compensation
    Chapter 6 - Job Analysis Case Study

    Website:  Review this website U.S. Department of Labor
    The CLOs for this website are #3 - Identify and describe the continuing influence of government on compensation practices; and #4 - Describe the Fair Labor Standards Act and its impact on compensation management administration..

    Students should reference this site (in addition to the textbook) when answering discussion questions.

    Written/Electronic Assignment:
    Job Analysis Case Study:  Job Analysis Case Study (located under the Textbook and Materials page) study due by Sunday, at midnight (CST).
    Case Study Directions:  Research job analysis methodologies and make your recommendations on how to proceed.  Outline the steps you will take to complete the analysis.  Justify why you using these steps/process by discussing the pros and cons of this approach and other approaches. 

    Your case analysis must have at least 3 sources.  Type your case analysis in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word.  The document should be double-spaced, APA or MLA format and submitted in the dropbox no later than Sunday, at midnight (CST).

    Written/Electronic Assignment Directions:
    Assignments should be in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word, and saved as an attachment with your name, assignment name, and class at the top and all relevant sources cited at the end. Information cited on the assignments should be done using APA or MLA format. To find information on the APA  or MLA format view the Help & Resources page. Late work is not accepted without instructor approval.

    Discussion:
    Post your responses to the discussion questions under Week 2 (lcoated on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the quality of answer as well as meeting the quantity requirements. Each response to other students must be value added and contain complete, grammatically correct responses.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA format and citing sources, please review the Help & Resources page.

      • Class Activities: Answer chapter three review questions, 1-4, on page 38 and chapter four review questions, 1-3, on page 75 for YOUR OWN GUIDE TO THE MID TERM AND FINAL..  

    Week 3:

    Weekly Assignments:

    Core Learning Outcomes:


    #7 Explain and describe the importance of the 5 steps (Perform a job analysis, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure) in how organizations determine the base pay for workers in all types of jobs.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 7 - Job Description
    Chapter 8 - Job Evaluation
    Chapter 9 - A Point-Factor Method of Job Evaluation

    Written/Electronic Assignment:
    There are no written assignments for this week.


    Discussion:
    Post your responses to the discussion questions under Week 3 (located on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the quality of answer as well as meeting the quantity requirements. Each response to other students must be value added and contain complete, grammatically correct responses.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA or MLA format and citing sources, please review the Help & Resources page.

      • Class Activities: Answer chapter five review questions, 3,4,6 on page 105 for YOUR OWN GUIDE TO THE MID TERM AND FINAL. 

    Week 4:

    Core Learning Outcomes (CLO):

    7 - Explain and describe the importance of the 5 steps (Perform a job analysis, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure) in how organizations determine the base pay for workers in all types of jobs.

    Week Learning Activities: In Week 4, these are the things that we will be discussing:
    •surveys
    •pay structures

    Week 4 Assignments:
    Reading Assignment: Chapters 10-11
    Review Chapter Overviews (located underneath the Week 4 button on the left side of the menu): Chapters 10-11
    Discussion: Post your responses to the discussion questions (located underneath the Week 4 button on the left side of the menu)

    Core Learning Outcomes discussed this week:

    #7 Explain and describe the importance of the 5 steps (Perform a job analysis, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure) in how organizations determine the base pay for workers in all types of jobs.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 10 - Surveying Market Pat and Compensation Practices
    Chapter 11 - Designing A Base Pay Structure

    Website:Review this website How to Conduct An Effective Pay Survey. This site provides supporting evidence for Chapter 10 in the textbook. The CLO for this website is #7.

    Written/Electronic Assignment:
    The first take home exam is due by Sunday, at midnight (CST).  A copy of the exam is located on the Doc Sharing page.  Completed exams should be submitted through the Dropbox.  Specific directions for all written/electronic assignments are listed below.

    Written/Electronic Assignment Directions:

    Assignments should be in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word, and saved as an attachment with your name, assignment name, and class at the top and all relevant sources cited at the end. Information cited on the assignments should be done using APA format. To find information on the APA format view the Help & Resources page. Late work is not accepted without instructor approval.

    Discussion:
    Post your responses to the discussion questions under Week 4 (located on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the quality of answer as well as meeting the quantity requirements. Each response to other students must be value added and contain complete, grammatically correct responses.

    Practice Quiz:  A practice quiz is available over Chapter 11.  This quiz is to be used as a self-check for the student.  The quiz can be taken multiple times and will not be graded.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA format and citing sources, please review the Help & Resources page.

      • Class Activities: Answer chapter six review questions 1-3 on page 135 for YOUR OWN GUIDE TO THE MID TERM AND FINAL. 

     Week 5:

    Core Learning Outcomes (CLO):

    6 - Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy.
    10 - Compare strengths, weaknesses, and opportunities for various kinds of performance appraisal programs.
    2 - Explain and compare job-based, knowledge-based and competency-based pay structures.

    Week Learning Activities: In Week 5, these are the things that we will be discussing:
    •team-based plans
    •evaluation-based plans
    •employee motivation
    •incentive-based compensation programs

    Week 5 Assignments:
    Reading Assignment: Chapters 12-13-14
    Review Chapter Overviews (located underneath the Week 5 button on the left side of the menu): Chapters 12-13-14
    Discussion: Post your responses to the discussion questions (located underneath the Week 3 button on the left side of the menu)

    Core Learning Outcomes discussed this week:

    #6 Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy.
    #10 Compare strengths, weaknesses, and opportunities for various kinds of performance appraisal programs.
    #2 Explain and compare job-based, knowledge-based and competency-based pay structures.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 12 - Team-Based Pay in A Knowledge-Based World
    Chapter 13 - Measuring And Paying For Performance
    Chapter 14 - Short-Term Incentives

    Written/Electronic Assignment:
    Recruitment and Retention Case Study:
      Due week 5.  Directions are included on the .pdf file.  This file can be read using a .pdf file reader (Preview, Adobe Acrobat, etc).  Click here (HR 434 Recruitment Case Analysis) to view the file.

    Written/Electronic Assignment Directions:

    Assignments should be in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word, and saved as an attachment with your name, assignment name, and class at the top and all relevant sources cited at the end. Information cited on the assignments should be done using APA format. To find information on the APA format view the Help & Resources page. Late work is not accepted without instructor approval.

    Discussion:
    Post your responses to the discussion questions under Week 3 (located on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the quality of answer as well as meeting the quantity requirements. Each response to other students must be value added and contain complete, grammatically correct responses.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA format and citing sources, please review the Help & Resources page.

    • Class Activities: Answer chapter seven review questions, 2, 3, 4 on page 170 for YOUR OWN GUIDE TO THE MID TERM AND FINAL. 

    Week 6:

    Core Learning Outcomes (CLO):

    6 - Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy.
    8 - Briefly explain the Sarbanes-Oxley Act and its impact on executive compensation management.

    Week Learning Activities: In Week 6, these are the things that we will be discussing:
    •national tax legislation
    •long-term compensation
    •executive compensation


    Week 6 Assignments:
    Reading Assignment: Chapters 15-16
    Review Chapter Overviews (located underneath the Week 6 button on the left side of the menu): Chapters 15-16
    Discussion: Post your responses to the discussion questions (located underneath the Week 3 button on the left side of the menu)

    Core Learning Outcomes discussed this week:

    #6 Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy.
    #8 Briefly explain the Sarbanes-Oxley Act and its impact on executive compensation management.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 15 - Long-term Incentives and Wealth Building
    Chapter 16 - Executive and International Compensation

    Additional Resources:  Read the articles and address what your thoughts in the discussion entitled "Recruitments and Retention". 

    The CLOs for article #1 are #6 - Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy; and #8 - Briefly explain the Sarbanes-Oxley Act and its impact on executive compensation management.

    The CLO for articles #2 and #3 is #8 - Briefly explain the Sarbanes-Oxley Act and its impact on executive compensation management.

    The articles are also available on the Doc Sharing page.

    Article # 1 - U.S. Firms Moving Toward European Long-Term Incentive Model

    Article #2 - Sarbanes-Oxley Alters Executive Compensation Climate

    Article #3 - Thelen Reid Brown Raysman and Steiner LLP 


    Website:  Review this website Davis and Gilbert LLP website.
    The CLO for this website is #8 - Briefly explain the Sarbanes-Oxley Act and its impact on executive compensation management.


    Written/Electronic Assignment:
    Research Paper:
      Due at the end of Week 6 by Sunday at midnight (CST).  The specific topics, directions and grading rubric are located on the Doc Sharing Page. 

    Written/Electronic Assignment Directions:

    Assignments should be in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word, and saved as an attachment with your name, assignment name, and class at the top and all relevant sources cited at the end. Information cited on the assignments should be done using APA format. To find information on the APA format view the Help & Resources page. Late work is not accepted without instructor approval.

    Discussion:
    Post your responses to the discussion questions under Week 6 (located on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the quality of answer as well as meeting the quantity requirements. Each response to other students must be value added and contain complete, grammatically correct responses.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA format and citing sources, please review the Help & Resources page.

      • Class Activities: Answer chapter eight review questions 1-3 on page 197 and chapter nine review questions 1-3 on page 230 for YOUR OWN GUIDE TO THE MID TERM AND FINAL.. 

     

    Week 7:

    Core Learning Outcomes (CLO):

    5 - Define and identify the differences between direct and indirect compensation.
    11 - Recognize differences in compensation opportunities for employees in different jobs and at different levels in the organization.

    Week Learning Activities: In Week 7, these are the things that we will be discussing:
    •employee benefits
    •workable compensation systems
    •due process

    Week 7 Assignments:
    Reading Assignment: Chapters 17-18
    Review Chapter Overviews (located underneath the Week 7 button on the left side of the menu): Chapters 17-18
    Discussion: Post your responses to the discussion questions (located underneath the Week 7 button on the left side of the menu)

    Core Learning Outcomes discussed this week:

    #5 Define and identify the differences between direct and indirect compensation.
    #11 Recognize differences in compensation opportunities for employees in different jobs and at different levels in the organization.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.

    Reading Assignment:
    Read the chapters listed below in the textbook.
    Chapter 17 - Benefit and Services
    Chapter 18 - Pay Delivery Administration



    Written/Electronic Assignment Directions:

    Assignments should be in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word, and saved as an attachment with your name, assignment name, and class at the top and all relevant sources cited at the end. Information cited on the assignments should be done using APA format. To find information on the APA format view the Help & Resources page. Late work is not accepted without instructor approval.

    Discussion:
    Post your responses to the discussion questions under Week 7 (lcoated on the left side of the menu). Discussions and questions among students should be shared weekly. Credit for the discussion postings will be based on the quality of answer as well as meeting the quantity requirements. Each response to other students must be value added and contain complete, grammatically correct responses.

    Practice Quiz:  A practice quiz is available over Chapter 18.  This quiz is to be used as a self-check for the student.  The quiz can be taken multiple times and will not be graded.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA format and citing sources, please reivew the Help & Resources page.

      • Answer chapter thirteen review questions 1-6 on page 342 for YOUR OWN GUIDE TO THE MID TERM AND FINAL.. 

    Week 8:

    Core Learning Outcomes (CLO):

    1 - List and explain compensation and noncompensation dimensions.
    2 - Explain and compare job-based, knowledge-based and competency-based pay structures.
    3 - Identify and describe the continuing influence of government on compensation practices.
    4 - Describe the Fair Labor Standards Act and its impact on compensation management administration.
    5 - Define and identify the differences between direct and indirect compensation.
    6 - Identify and explain short term incentives and long term incentives and the importance of each in a compensation strategy.
    7 - Explain and describe the importance of the 5 steps (Perform a job analysis, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure.) in how organizations determine the base pay for workers in all types of jobs.
    8 - Briefly explain the Sarbanes-Oxley Act and its impact on executive compensation management.
    9 - Describe various kinds of pay-for-performance programs and the situations in which such programs may be preferable.
    10 - Compare strengths, weaknesses, and opportunities for various kinds of performance appraisal programs.
    11 - Recognize differences in compensation opportunities for employees in different jobs and at different levels in the organization.


    Week 8 Assignments:

    Reading Assignment:Review Chapters 1-18
    Review Chapter Overviews (located underneath the Week 1-8 button on the left side of the menu): Chapters 1-18
    Discussion: There are no discussions for Week 8.


    Core Learning Outcomes discussed this week:

    Week 8 is an overview of all the CLOs.

    A complete list of Core Learning Outcomes for this course can be viewed under the Course Overview page.


    Reading Assignment:
    Read the chapters overviews located on this course.
    Chapter 1 - Compensation in a Knowledge-Based Global Economy
    Chapter 2 - The Reward System: Compensation and NonCompensation Dimensions
    Chapter 3 - The World of Pay and Compensation
    Chapter 4 - Organizational Structure: Strategic and Tactical Compensation Issues
    Chapter 5 - Legislation and Compensation
    Chapter 6 - Job Analysis
    Chapter 7 - Job Description
    Chapter 8 - Job Evaluation
    Chapter 9 - A Point-Factor Method of Job Evaluation
    Chapter 10 - Surveying Market Pay and Compensation Practices
    Chapter 11 - Designing A Base Pay Structure
    Chapter 12 - Team-Based Pay in a Knowledge-Based World
    Chapter 13 - Measuring and Paying For Performance
    Chapter 14 - Short-Term Incentives
    Chapter 15 - Long-Term Incentives and Wealth Building
    Chapter 16 - Executive and International Compensation
    Chapter 17 - Benefits and Services
    Chapter 18 - Pay Delivery Administration


    Written/Electronic Assignment:
    The final exam will be proctored. This exam will cover all of the Learning Objectives discussed in this course. 

    For information on obtaining and completing the Proctor form, review the Help & Resources page of this course.  Proctor forms must be approved by the instructor before Week 6.

    Written/Electronic Assignment Directions:
    Assignments should be in a word processing document (Microsoft Word preferred) or a document with an Adobe .pdf format that can be converted into Microsoft Word, and saved as an attachment with your name, assignment name, and class at the top and all relevant sources cited at the end. Information cited on the assignments should be done using APA format. To find information on the APA format view the Help & Resources page. Late work is not accepted without instructor approval.

    Discussion:
    There are no discussions for Week 8.

    To review the grading rubrics, review the Course Overview page.

    For additional help with APA format and citing sources, please review the Help & Resources page.

      • Answer chapter 15 review questions 1-8 on page 390 for YOUR OWN GUIDE TO THE MID TERM AND FINAL. 
      • A proctored final exam will be given

    Academic Honesty:
    Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life.   Park University 2008-2009 Undergraduate Catalog Page 87

    Plagiarism:
    Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. Park University 2009-2010 Undergraduate Catalog Page 92

    Attendance Policy:
    Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

    1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
    2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
    3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
    4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
    5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
    6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.
    ONLINE NOTE: An attendance report of "P" (present) will be recorded for students who have logged in to the Online classroom at least once during each week of the term. Recording of attendance is not equivalent to participation. Participation grades will be assigned by each instructor according to the criteria in the Grading Policy section of the syllabus.

    Park University 2009-2010 Undergraduate Catalog Page 95

    Disability Guidelines:
    Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .



    Rubric

    CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
    Synthesis                                                                                                                                                                                                                                                  
    Outcomes
    1 - Examine the current state of compensation decision making.                                                                                                                                                                                                                                                                                                                                                                                                                                                       
    Explains the current state of compensation decision and. recommend at least three ways to deal with the issues, and supports the recommendations by referring to specific theories and concepts. Explains the issues surrounding the organization and recommends at least two ways to deal with the issues. Provides an incomplete or inaccurate analysis and/or less than two alternative solutions. No answer or insignificant explanation 
    Analysis                                                                                                                                                                                                                                                   
    Outcomes
    2 - Articulate the implications of recent theoretical and research developments related to compensation decisions                                                                                                                                                                                                                                                                                                                                                                                                    
    Provides an explanation of the implications of recent theoretical and research developments related to compensation decisions. Provides a minimal explanation of the implications of recent theoretical or the research developments related to compensation decisions Provides an incomplete or inaccurate explanation of the implications of recent theoretical or the research developments related to compensation decisions No answer or insignificant explanation 
    Evaluation                                                                                                                                                                                                                                                 
    Outcomes
    2, 10, 21 - Describe the difference between direct and indirect compensation and define each of the direct and indirect forms of compensation described                                                                                                                                                                                                                                                                                                                                                              
    Submits a very complete, thorough articulation and description of the difference between direct and indirect compensation and define each of the direct and indirect forms of compensation described by the text.



     
    Articulates the difference between direct and indirect compensation or defines a minimum of the direct and indirect forms of compensation described by the text.



     
    Provides an incomplete or inaccurate articulation of the  difference between direct and indirect compensation or defines one of the direct and indirect forms of compensation described by the text No answer or insignificant explanation 
    Terminology                                                                                                                                                                                                                                                
    Outcomes
    1, 25 - Explain the application of “The Pay Model” as presented in the text.                                                                                                                                                                                                                                                                                                                                                                                                                                         
    Provides an accurate and complete presentation of the application of “The Pay Model” as presented in the text.



     
    Provides a partial description of the application of “The Pay Model” as presented in the text.



     
    Provide an incomplete or inaccurate description the application of “The Pay Model” as presented in the text No answer or insignificant explanation 
    Concepts                                                                                                                                                                                                                                                   
    Outcomes
    6, 7 - the principles of employee motivation and compensation.                                                                                                                                                                                                                                                                                                                                                                                                                                                       
    Explains accurately 100%  the principles of employee motivation and compensation and

    develop a total reward system/pay for performance plan.



     
    Articulate 80% of the principles of employee motivation and compensation and

    Demonstrate a minimal total reward system/pay for performance plan.



     
    Provides the 50% of the principles of employee motivation and compensation.

    develop a minimal total reward system/pay for performance plan.



     
    No answer or insignificant explanation 
    Application                                                                                                                                                                                                                                                
    Outcomes
    3, 17, 20, 22, 25 - Explain the Key Steps to Formulate a Total Compensation Strategy.                                                                                                                                                                                                                                                                                                                                                                                                                                
    Articulate accurately the Key Steps to Formulate a Total Compensation Strategy. Articulate accurately a three or less of the Key Steps to Formulate a Total Compensation Strategy Inarticulate the Key Steps to Formulate a Total Compensation Strategy No answer or insignificant explanation 
    Whole Artifact                                                                                                                                                                                                                                             
    Outcomes
    13, 7, 8, 14 - Illustrate how to design strategies that can be used to improve the accuracy of performance appraisals.                                                                                                                                                                                                                                                                                                                                                                                               
    Explain how to design strategies that can be used to improve the accuracy of performance appraisals. Articulate a 80% of the process how to design strategies that can be used to improve the accuracy of performance appraisals. Inaccurately explain the process of how to design strategies that can be used to improve the accuracy of performance appraisals. No answer or insignificant explanation 
    Component                                                                                                                                                                                                                                                  
    Outcomes
    5, 6, 7, 8, 24 - Explain the advantages and disadvantages of Person-Based Internal Structure and how to develop both a Person Based Skill and Competencies based structure.                                                                                                                                                                                                                                                                                                                                          
    Articulate accurately the advantages and disadvantages of Person-Based Internal Structure and how to develop both a Person Based Skill and Competencies based structure.



     
    Explain a 80% of the advantages and disadvantages of Person-Based Internal Structure and how to develop both a minimal Person Based Skill and Competencies based structure.



     
    Inaccurately explain the advantages and disadvantages of Person-Based Internal Structure and how to develop both a Person Based Skill and Competencies based structure.



     
    No answer or insignificant explanation 

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    Last Updated:10/5/2009 12:17:00 PM