BISHOPS UNIVERSITY Williams School of Business. BHR 313 COMPENSATION MANAGEMENT Winter 2010

Transcription

1 BISHOPS UNIVERSITY Williams School of Business BHR 313 COMPENSATION MANAGEMENT Winter 2010 Lissa McRae Office Hours: Tuesday 1:30 to 3pm Wednesday 10:30 to noon Office: Hamilton 208. Ext or by Appointment or Chance Secretary: Marilyn Turner H 212 COURSE OBJECTIVES This course is concerned with the study of the topics of current importance in the field of Compensation Management. Upon successful completion of this course, you should 1) understand the strategic perspective of Compensation Management 2) understand the theoretical basis for strategic compensation decisions 3) understand the various techniques used to arrive at these strategic compensation decisions 4) be familiar with some of the current topics of interest / debate in the field of Compensation Management 5) have acquired or improved several key competencies: critical thinking and analysis communication skills- written and oral presentation skills team based skills project management time management To this end, the course is designed to maximize group work and presentations. Material from the articles and the presentations will be part of the mid term and the final. 1

2 EVALUATION-TENTATIVE Mid Term 20% March 11 Final 25% TBA Team Project 25% PART 1 DUE Feb 9th PART 2 DUE...March 16 th Final project DUE April 6 Participation and assignments 15% Team Topic Presentation 15%.. see topic choices/ dates REQUIRED TEXTS Long, Richard (2010). Strategic Compensation in Canada, Fourth Edition.Nelson. Readings/ articles on Moodle NOTE Supplemental exams will be given in exceptional circumstances, and only providing that the student receives a final grade of at least 45%. Participation- includes: attendance, article discussion, assignments/case discussions and article presentations. Team Project- Each team of three will find an organization on which they will conduct a compensation audit.. see attached information. Team Presentation- Each team will choose a specific topic from the list below, and present the material to the class; the presentation will then be put on Moodle. Dates of topic presentations are indicated below. Each team will base their presentation on material from at least one key journal article, supplemented by material from the text. This article must be made available to the class a week prior to the presentation. I am looking for both breadth and depth in terms of the information provided in this presentation. Presentation Topics Pay for Knowledge System (person based pay)-skill based and competency based pay systems- Feb 16 Benefits (indirect pay)-feb 16 Team Based Variable Pay- Feb 23 Executive Compensation- Feb 23 International Compensation- Feb 23 Pay Equity (Equal Pay for Work of Equal Value)-Mar 23 Performance Evaluation and Compensation- Apr 8 2

3 Cell Phone use in Class: There will be a zero tolerance policy for all electronic devices (e.g., cell phones, blackberries, i-phones) used in the class room. Cell phone use for voice or texting will not be tolerated. Should you be seen calling someone or texting you will be asked to leave the classroom. If you are in a situation which requires you to have your cell phone on or to receive text, please inform your professor prior to class. Talking the Same Time as Others: Not only is talking at the same time as someone else distracting, but it is also very disrespectful. Students talking the same time as others to the extent that it is distracting will be asked to leave the classroom. Computer Use in Class: Computers in class should only be used for taking class notes. TENTATIVE SCHEDULE of TOPICS : Jan 12 General Intro to the course Long, Chp 1 Intro to Compensation Jan 14 Importance of Compensation Strategic and Process Issues in Compensation Jan 19 Webinar Compensation Philosophy Jan 21 P-Winning Support for Organizational Change- P-Key Trends of the Total Reward System in the 21 st century- P-Developing Total Pay for High Performers - Question: discuss the key common elements of these articles Jan 26 Tandori case Long, Chp 2 Strategic Perspectives Jan 28 Long Chp 2 - Strategic Perspectives Feb 2 Fit Stop case- Long p 56, question 2; case -p 510 Achtymichuk Machine Works- Long p 56, question 1; case- p 501 P-High Involvement Firms: Compensation Strategies and Values Feb 4 Long, Chp 3- A Behavioral Framework for Compensation 3

4 Feb 9 Long, Chp 3- Behavioral Framework, continued P-The cost of Employee Absenteeism Feb 11 Henderson Printing case, Long p105, question 1, case - p 512 Long, Chp 4 -Components of the Compensation Strategy Feb 16 TEAM PRESENTATION: Person Based Pay: Skill and Competencies TEAM PRESENTATION: Indirect Pay/ Benefits Article- Opportunity Knocks: Perceptions of Fairness in Employee Benefits Long, chp 5 Performance Pay choices Feb 18 Long, Chp 5 con t and material from Chp 10 P- Adding Merit to Pay for Performance, P- Driving Performance Alliston Instruments case- Long, p 193, questions 1& 2, case-p 501 Feb 23 TEAM PRESENTATION: Team Based Pay for Performance Article- Multiple Incentive Plans: too much of a good thing TEAM PRESENTATION-Executive Compensation (Chp 6) TEAM PRESENTATION- International Compensation (Chp 6 ) Feb 25 Long Chp 6- Formulating the Reward & Compensation Strategy March Break: February 1-5 Feb 9 Mar 11 cancelled Mid term exam - Chp 1-5 inclusive 4

5 Mar 16 Long, Chp 6 continued The Fit Stop case- Long p 255, question 1, case- p 510 Mar 18 Long Chp 7- Evaluating Jobs: The Job Evaluation Process Mar 23 Long Chp 7- Evaluating Jobs: The Job Evaluation Process TEAM PRESENTATION- Pay Equity Mar 25 Long Chp 8- Point Method of Job Evaluation Job Evaluation Revisited: the Point Factor Method- Moodle Mar 30 Long, Chp 8 continued Eastern Provincial Airway case, Long p 329,Q 1 & 2, case- p 503 April 1 Long, Chp 9- Evaluating the Market Apr 6 Long, Chp 9-Evaluating the Market Apr 8 Long Chp 10-Evaluating Individuals TEAM PRESENTATION- Performance Evaluation and Compensation Gov of Canada Performance Appraisals Apr 13 course wrap up 5