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BMT 2580: Compensation and Benefits Management

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BMT 2580: Compensation and Benefits Management

This text addresses the fundamental concepts of compensation management, theory of organizational reward systems, and methods of compensating employees. Topics include compensation objectives, employee benefits options, internal and pay structures, incentive programs, performance appraisals, union and government roles in compensation, and international pay systems.

Business
Author
Denean M Robinson
Publisher
Prince George's Community College
Source
LibreTexts
Language
EN
Category
Business Administration
Read online Download PDF (open licence)
Contents· 35 sections
  1. 01: Classify different forms of pay levels and pay structure.
  2. 1.01: Why It Matters- Compensation and Benefits
  3. 1.02: Introduction to The Law and Compensation
  4. 1.03: Fair Labor Standards Act
  5. 1.04: Equal Pay Act of 1963
  6. 1.05: Pay Equity Issues
  7. 1.06: Introduction to Types of Compensation
  8. 1.07: Compensation and Motivation
  9. 1.08: Intrinsic vs Extrinsic Rewards
  10. 1.09: Types of Compensation
  11. 1.10: Introduction to Benefits and Benefit Trends
  12. 1.11: Benefits
  13. 1.12: Benefit Trends
  14. 1.13: Putting It Together- Compensation and Benefits
  15. 1.14: Discussion- Compensation and Benefits
  16. 02: Examine internal alignment of pay structures
  17. 03: Examine external competitiveness of pay structures
  18. 04: Evaluate performance appraisals versus pay-for-performance
  19. 4.01: Performance Management Errors
  20. 05: Match the offered benefits with personal needs
  21. 5.01: Personal Decision Criteria When Considering Possible Job Targets
  22. 5.02: Compensation and Motivation
  23. 06: Interpret the influence of unions on compensation practices
  24. 6.01: The Nature of Unions
  25. 6.02: Monopsony and the Minimum Wage
  26. 07: Discern the compensation needs of special groups such as interns and temporary employees
  27. 7.01: Introduction
  28. 7.02: Goals of a Compensation Plan
  29. 7.03: Developing a Compensation Package
  30. 7.04: Types of Pay Systems
  31. 7.05: Other Types of Compensation
  32. 7.06: Cases and Problems
  33. 08: Putting It All Together
  34. 8.01: Review and Practice
  35. 8.02: Managing Yourself Your Income and Your Results