Welcome to Unit 8: Compensation! In this unit, we will explore direct payment from organizations to employees, and how Human Resource professionals help to shape and maintain organizational compensation strategies. We will examine the difference between payment schedules and plan types, general employee and executive pay, and how pay is set in different geographic areas. We will discuss challenges with compensation gaps across demographic groups, and rationale behind certain compensation decisions.
In order to successfully complete this unit, you’ll need to do the following:
- Read these Open Educational Resources (free to access):
- Section 6.1: Goals of a Compensation Plan¹⁷
- Section 6.2: Developing a Compensation Package¹⁷
- Section 6.3: Types of Pay Systems¹⁷
- Watch the video and read the associated content as part of this Compensation Module. These self-test questions are not mandatory, but will help check your understanding.¹⁸
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- Listen to our Unit 8 Lecture (embedded below), which builds on the resources above and will help inform the way you listen to and interpret the film below.
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- Complete our Unit 8 Assignment. You can find more details here.
As always, if you need more information, you can ask me a question. For information on due dates, check our Course Schedule.
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