Mar 29, 2024  
2018-2019 Graziadio Academic Catalog 
    
2018-2019 Graziadio Academic Catalog [ARCHIVED CATALOG]

OTMT 674 Total Rewards (2)


Central to this course are modern approaches to Total Rewards, most specifically employee compensation and benefits, and the implications of these practices relative to motivation, engagement, and productivity in the workplace. Students will explore key issues and challenges facing compensation managers as they strive to attract, motivate, retain, develop, and engage high performance talent in today’s global economy, including concepts, models, strategies, and practices within the Compensation discipline. In addition, students will gain an understanding of Employee Benefits through an overview of statutory and voluntary benefits, health and welfare benefits, ERISA and other major benefits legislation, and elements of administration.

Student Learning Outcomes
  1. Gain a deeper understanding of the employer/employee value proposition and the role that rewards play in the attraction, motivation, retention, development, and engagement of employees.
  2. Understand the organizational contexts most influential on an organization’s total rewards strategy.
  3. Have had a thorough overview of the basic principles of compensation and benefits as they integrate with Human Resources to ultimately align with the business strategy and results.
  4. Have developed a working understanding of compensation theory, concepts, practice, and administration.
  5. Be able to describe typical components of employee benefit plans including health & welfare, retirement, and other non-cash employee awards.
  6. Build a broad understanding of the regulations surrounding Compensation & Benefits and gain insight into compliance issues relative to the two disciplines.
  7. Be able to articulate a critical view of pros and cons of motivating performance with rewards based in research and evidence.
  8. Be exposed to emerging and global concepts in the fields of Compensation & Benefits.
Grading Basis: Graded