COURSE UNIT TITLE

: COMPENSATION & BENEFITS MANAGEMENT

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MNO 4231 COMPENSATION & BENEFITS MANAGEMENT ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ENGIN BAĞIŞ ÖZTÜRK

Offered to

BUSINESS ADMINISTRATION

Course Objective

The purpose of this course is to focus on compensation and benefits management to advance students in human resource management.

Learning Outcomes of the Course Unit

1   Explain the ways to get internal and external equities in compensation.
2   Explain in detail how to establish pay rates.
3   Discuss critical factors and issues in market salary surveys and current trends in compensation.
4   Discuss the main incentives for individual employees.
5   Explain adjustment types and their characteristics.
6   Name and define each of the main pay for benefits.
7   Justify critical issues in deciding for benefits.
8   Arrange salary scales, and decide what, how, and when to do in line with compensation policies.
9   Develop oral/written communication skills; articulate and defend his/her position.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

MNO 4211 - HUMAN RESOURCE PLANNING

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Strategic HR
2 Pricing technique and systems of Performance Results Hari Das & Andrew Templer, (2003), Performance Management, Chp.4
3 Microeconomic Compensation Concepts Links with other HRM functions, the effect of job evaluation systems on compensation, importance of the subject, definitions & related concepts Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, a blend of Chps.1, 6,7,8, and 9
4 Components and Objectives of an Effective Compensation System Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, Chp.2
5 Employee Compensation, Direct & Indirect Financial Payments, Payments on Increments of Time, Seniority based Compensation Systems Garry Dessler, (2005), Human Resource Management, Chp.11 & Chp.12
6 Wages & Salaries, Types, Establishing Pay Plans, Determining Wage Rates, Influences on C&B Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, Chp.3
7 , Salary Surveys, techniques and examples, Conduct the Salary Survey, Job Evaluation Process, Benchmark jobs Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, Chp.10
8 Wage Curves, Pricing Job Grades, Current Trends in Compensation, Differences between Skill-based Pay and Job Evaluation based Pay Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, Chp.10
9 C&B Policies, and C&B related Procedures, Allowances, etc Examples from real business environment
10 Micro-and Macroeconomic Compensation Concepts (Merit increases, short and long-term incentives, executive compensation, international compensation Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, a blend of Chps.13,14,15, and 16
11 Employee Benefits and Services , costing and administration, flexible compensation & benefits plan ( cafeteria plan ) Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, Chp.17
12 Payroll Administration / Pay Delivery Administration Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, Chp.18
13 Salary scales and alternative compensation methods in family firms.
14 Review

Recomended or Required Reading

Richard I. Henderson, (2003), Compensation Management In A Knowledge-Based World, 9th Edition, Prentice Hall, 2003, ISBN: 0-13-008115-9

Planned Learning Activities and Teaching Methods

1. Lectures

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. Students will develop, administer, evaluate, analyze a market salary survey, and report related outputs.
2. They will explain how to price managerial jobs, and blue and white-collar employee s jobs.
3. They will give information on alternative compensation packages.
4. Students will outline the steps in developing effective incentive plans.
5. They will describe pay for time not worked benefits, insurance benefits, retirement benefits, employees services benefits, and flexible benefit programs.
6. They will develop a payroll structure and salary scales.
7. Students will explain types, benchmarks, and key issues in adjustments, increases and fine-tunings.
8. Students will create a simple and user friendly compensation system also for family-oriented companies.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70% of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Associate Professor Engin Bağış Öztürk, engin.ozturk[at]deu.edu.tr

Office Hours

As a general rule, please send an e-mail before stopping by the office. (Room No: 131/A)
Office hours will be announced in class by the instructor.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 1,5 28
Tutorials 14 1,5 28
Preparation before/after weekly lectures (reading, analyzing course tools such as chp.s & articles) 14 2 28
Preparation for Midterm Exam 1 8 8
Preparation for Final Exam 1 10 10
Preparing Individual Assignments (Term Projects etc) 1 10 10
Midterm 1 1 1
Final 1 1 1
TOTAL WORKLOAD (hours) 114

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.14454
LO.224534
LO.344514344
LO.443544
LO.5154
LO.61544
LO.74534
LO.82454434
LO.9555

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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