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Course Description

Examine the processes, issues and techniques involved in developing and administering a compensation system. Explore the theoretical and applied aspects of the compensation function, the link between this function and the organizational management process, and the compensation system design necessary to attract, retain, and motivate the required workforce.

This course is well suited for those working towards a University of Guelph Diploma in Human Resources Management, Certified Human Resources Professional (CHRP) designation, PMCP, and people working in or who wish to work in human resources or payroll. This course is offered in the Summer Semester.

What You'll Learn

Upon successful completion of this course, you will be able to:

  1. Develop an understanding of the strategic framework of compensation
  2. Explore the behavioral framework for compensation
  3. Review the components of compensation including performance pay choices and how to formulate a reward and compensation strategy
  4. Review the job evaluation process
  5. Describe the Pay Equity Act and related processes, and develop a pay equity compliant compensation system
  6. Evaluate the labour market by analyzing data from compensation surveys and labour supply
  7. Review the performance management process and calculate performance pay
  8. Design and develop performance pay plans
  9. Design and develop indirect pay plans
  10. Implement and maintain an effective compensation system.

Job Market Overview

 

Applies Towards the Following Certificates

Technical Requirements

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*Course details are subject to change.

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