BENEFITS AND COMPENSATION MANAGEMENT | Makerere University Courses

Course Code:

BHR 3310

Course Credit Units:

Semester:

Semester 2

Year of Study:

Year 3

Undergraduate or Graduate Level:

Undergraduate Level

College:

College of Business and Management Sciences

School:

School of Business

Course Description & Objectives:

This course examines the theories, practices and debates in contemporary remuneration and compensation management, with special reference to the trends advocating a move away from 'traditional' pay-for-position to performance-related remuneration at individual, work group and organisational levels. The course showcases practices that illustrate new developments in compensation management as well as the established approaches in compensation decisions, and their corresponding. Course Objectives

Understanding of role and importance of remuneration and compensation management theory and practice in the management of people and work
Making awareness of the various models and existing techniques of remuneration and compensation management and their underlying advantages and disadvantages.
A recognition and understanding of the choices and challenges confronting managers and employees alike in remuneration and compensation management.
Develop appropriate reward and compensation policies.
Establish factors to consider when developing a compensation structure.

Learning Outcomes:

Upon completion of this course, the student will be able to: (1) Discuss the strategic importance of compensation to the achievement of organizational goals. (2) Identify links between compensation objectives and business strategy. (3) Discuss the role of compensation in attracting, motivating, and retaining a high-quality workforce. (4) Discuss recent theoretical and practical developments in the area of compensation and benefits. (5) Develop the basic competencies required for the development and management of compensation systems.(6) Discuss how compensation management can become a competitive advantage. (7) Discuss the role of compensation management as part of the new mandate for HR executives.

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