Compensation and Benefit
A.Y. 2022/2023
Learning objectives
At the end of the course, the student should be able to:
- Comprehend the different aims and the complexity of contemporary compensation systems
- Analyse a compensation system in relationship to firm strategy and performance
- Identify the different forms of pay
- Identify the main challenges inherent in setting up and managing a compensation plan.
- Outline the main theoretical approaches in relationship to compensation management
- Evaluate the pros and cons of high performance pay policies
- Outline the main steps related to building a pay structure
- Comprehend the different aims and the complexity of contemporary compensation systems
- Analyse a compensation system in relationship to firm strategy and performance
- Identify the different forms of pay
- Identify the main challenges inherent in setting up and managing a compensation plan.
- Outline the main theoretical approaches in relationship to compensation management
- Evaluate the pros and cons of high performance pay policies
- Outline the main steps related to building a pay structure
Expected learning outcomes
At the end of the course, the student should be able to:
- Comprehend the different aims and the complexity of contemporary compensation systems
- Analyse a compensation system in relationship to firm strategy and performance
- Identify the different forms of pay
- Identify the main challenges inherent in setting up and managing a compensation plan.
- Outline the main theoretical approaches in relationship to compensation management
- Evaluate the pros and cons of high performance pay policies
- Outline the main steps related to building a pay structure
- Comprehend the different aims and the complexity of contemporary compensation systems
- Analyse a compensation system in relationship to firm strategy and performance
- Identify the different forms of pay
- Identify the main challenges inherent in setting up and managing a compensation plan.
- Outline the main theoretical approaches in relationship to compensation management
- Evaluate the pros and cons of high performance pay policies
- Outline the main steps related to building a pay structure
Lesson period: Second trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
Second trimester
Course syllabus
PART ONE - A contextual approach to HRM and compensation; Strategic compensation as a component of HR Systems; Total reward systems; Performance management systems and compensation
PART TWO: Essential compensation theories; Forms of Pay: seniority pay, merit pay, incentive pay, person-focused pay, employee benetifs.
PART THREE: Designing strategic compensation systems: (a) building internally consistent compensation systems, (b) building market-competitive compensation systems, (c) building pay structures that recognize employee contributions
PART FOUR: Contemporary strategic compensation challenges
PART TWO: Essential compensation theories; Forms of Pay: seniority pay, merit pay, incentive pay, person-focused pay, employee benetifs.
PART THREE: Designing strategic compensation systems: (a) building internally consistent compensation systems, (b) building market-competitive compensation systems, (c) building pay structures that recognize employee contributions
PART FOUR: Contemporary strategic compensation challenges
Prerequisites for admission
Basic knowledge of Human resource management and organizational behavior
Teaching methods
Lecture, case studies, teamwork, keynotes
Teaching Resources
Gerhart B. and Newman J. (2020), Compensation, 13th Edition, McGraw-Hill.
Materials on Ariel
Materials on Ariel
Assessment methods and Criteria
Final written exam
In-class participation
In-class participation
SECS-P/10 - ORGANIZATION AND HUMAN RESOURCE MANAGEMENT - University credits: 9
Lessons: 60 hours
Professors:
Della Torre Edoardo Ezio, Solari Luca
Professor(s)
Reception:
Thursday 16:30-19:30 by appointment (in presence or via Microsoft Teams).
Room n. 26, second floor - Department of Economics, Management and Quantitative Methods
Reception:
To meet me send an email to [email protected]
Room #16 Department of Social and Political Sciences