MGMT415
COMPENSATION AND PERFORMANCE
MANAGEMENT

Course Description
This is an advanced course intended for those choosing careers in Human Resources and/or those who will have key responsibilities in Compensation and/or Benefits Administration.

Involves a study of the objectives, procedures and problems involved in the establishment and administration of operative and executive compensation plans. Detailed examinations of job descriptions and evaluations, wage and salary structures, performance ratings, incentive systems, related legislation and benefit options are the focus of course works. Prerequisite: MGMT300 and concurrent enrollment in MGMT301.

Course Format
The attached course calendar lists the reading assignments, which are to be completed for each due date. The material will be necessary for class discussion and activities. For each class meeting, there will usually be a discussion of key concepts followed by an exercise, case, or activity that illustrates concepts or facilitates skill building. You will need to be prepared for each class meeting and attendance is required (except for instances of inclement weather, illness, or family emergency).

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Student Responsibilities
1. Completion of all readings and assignments before each class meeting.

2. Active involvement and participation in the activities of each class meeting including group work.

3. Demonstration of respect for other class members by using their time carefully, listening to others' contributions, engaging in meaning dialogue.

4. Adherence to the University of Baltimore Academic Integrity Policy detailed in the Student Handbook, "Academic honesty is based on the principle that one's work is one's own ... etc."

5. Completion of exams on the assigned date. Make up exams will be allowed with a medical excuse.

Learning Outcomes
By the end of the course, the student will be able to:

1. Identify and describe the continuing influence of government on compensation practices.
2. Perform a job analysis, write job descriptions, evaluate jobs, design and perform a pay survey, develop a pay structure.
3. Describe various kinds of pay-for-performance programs and the situations in which such programs may be preferable.
4. Compare strengths, weaknesses, and opportunities for various kinds of performance appraisal programs.
5. Manage a compensation program.
6. Develop a comprehensive compensation communication package.
7. Develop a compensation policy manual for an organization.
8. Recognize differences in compensation opportunities for employees in different jobs, in different locations (international), and at different levels in the organization.

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Grading
Mid-Term Exam.............................100pts
Final Exam..................................... 100pts
Exercises and Other Activities........ 100pts
Oral Report..................................... 30pts
Written Report................................. 70pts
TOTAL.............................................. 400pts

Final Grades will be calculated as follows:
A = 93 and above (372 or more points)
A- = 90 - 92 (360-371 points)
B+ = 87 - 89 (348-359 points)
B = 83 - 86 (332-347 points)
B- = 80 - 82 (320-331 points)
C+ = 77 - 79 (308-319 points)
C = 73 - 76 (292-307 points)
C- = 70 - 72 (280-291 points)
D = Below 70 (279 or below)

Examinations will be a combination of multiple choice and essay questions. Reading and lecture material will be covered by the formal type of question and applications of concepts will be covered by short cases or essay questions.

You will need to purchase an answer sheet at the bookstore and bring a pencil for each exam.

Exercises will usually be done in a group during class time. Each participant will sign his or her name to the document the group submits for a grade.

The Oral and Written Reports will be done individually on a topic selected from the following list. The oral report will be provided to the class in 15 minutes. Class members will be provided with an Executive Summary of the report on the day of the presentation. The written report will be no more than 10 pages of text (appendices may. be on additional pages) and will provide full citations for all sources used.

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List of Topics
1. Kinds and Quality of Relocation Expenses Businesses Offer
2. An Analysis of Travel and Entertainment Expenses
3. A Discussion of Reporting, Call-Back, Stand-by, and Cleanup Pay Plans
4. Various Types of COLA Plans, Their Strengths, Their Weaknesses
5. BLSS, CPI and COLAs
6. The Current Trends in Time-Off-With-Pay--Vacations, Holidays, and Assorted Days
7. Off Present and Future of SUBs and GAI
8. Description of Major Components of a Good Basic Medical, Hospitalization, and Surgical Plan
9. What an Executive Should Know Before Implementing a Self-Insurance Plan
10. Designing and Operating a Physical Well-Being Program
11. What Are Thrift and Savings Plans and How Do They Operate?
12. IRA: What Is It and How Is It Used in Conjunction with Other Pension Plans?
13. ESOPs: What Are They? Strengths and Weaknesses of ESOPs
14. The Major Features of a Good Pension Plan
15. Profit-Sharing Plans: What Are They? How Are They Used?
16. Describe a Stock Option Plan, Describe a Stock Purchase Plan, Describe Stock Grants
17. Discuss Strengths and Weaknesses of Both Group Ten-n Life and Group Permanent Life Insurance Plans
18. What are Prerequisites? Why Are They Popular? Discuss some of the New More Popular kinds
19. Describe Special Compensation Components Made Available to Expatriates
20. Discuss Uses of Job Analysis from Organizational Design to Job Design to Pay Setting to Performance Measurement

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