{"id":1096,"date":"2021-03-29T00:01:37","date_gmt":"2021-03-29T04:01:37","guid":{"rendered":"https:\/\/openlab.bmcc.cuny.edu\/bus-311-1900-human-resource-management-professor-buckler-fall-2020\/?page_id=1096"},"modified":"2021-01-10T13:36:54","modified_gmt":"2021-01-10T18:36:54","slug":"unit-8-compensation","status":"publish","type":"page","link":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/course-materials\/unit-8-compensation\/","title":{"rendered":"Unit 8: Compensation"},"content":{"rendered":"<p>Welcome to <strong>Unit 8: <span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Managing Careers &amp; Retention&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:29693,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:2}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:2}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:12040119}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:12040119}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;9&quot;:1,&quot;10&quot;:1,&quot;11&quot;:4,&quot;12&quot;:0,&quot;15&quot;:&quot;Roboto&quot;,&quot;16&quot;:11,&quot;17&quot;:1}\">Compensation<\/span><\/strong>! 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.<\/p>\n<p><span style=\"color: #333333\">In order to successfully complete this unit, you&#8217;ll need to do the following:<\/span><\/p>\n<ol>\n<li><span style=\"color: #333333\"><span style=\"text-decoration: underline\">Read<\/span> these Open Educational Resources (free to access): <\/span>\n<ul>\n<li><span style=\"color: #3366ff\"><span style=\"color: #3366ff\"><strong><a style=\"color: #3366ff\" href=\"https:\/\/open.lib.umn.edu\/humanresourcemanagement\/chapter\/6-1-goals-of-a-compensation-plan\/\" target=\"_blank\" rel=\"noopener noreferrer\">Section 6.1: Goals of a Compensation Plan<\/a><\/strong><\/span><\/span>\u00b9\u2077<\/li>\n<li><strong><span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.oercommons.org\/courses\/human-resource-management-3\/view\" target=\"_blank\" rel=\"noopener noreferrer\">Section 6.2: Developing a Compensation Package<\/a><\/span><\/strong>\u00b9\u2077<\/li>\n<li><span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/www.oercommons.org\/courses\/human-resource-management-3\/view\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Section 6.3: Types of Pay Systems<\/strong><\/a><\/span>\u00b9\u2077<\/li>\n<li>Watch <a href=\"https:\/\/lawshelf.com\/videocoursesmoduleview\/compensation--module-3-of-5\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: #3366ff\">the video and read the associated content<\/span><\/strong><\/a> as part of this Compensation Module. <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/lawshelf.com\/videocoursesmoduleexamview\/compensation--module-3-of-5\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><span style=\"color: #3366ff\">These self-test questions<\/span><\/strong><\/a><\/span> are not mandatory, but will help check your understanding.\u00b9\u2078<br \/>\n<span style=\"color: #ffffff\">.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"color: #ff0000\"><span style=\"color: #333333\"><span style=\"text-decoration: underline\">Listen<\/span> to our <strong>Unit 8 Lecture <\/strong>(embedded below), which builds on the resources above and will help inform the way you listen to and interpret the film below.<\/span><br \/>\n<span style=\"color: #ffffff\">.<\/span><br \/>\n<\/span><iframe loading=\"lazy\" title=\"BUS 311 Unit 8 Lecture\" width=\"625\" height=\"352\" src=\"https:\/\/www.youtube.com\/embed\/oAZvfyQ1aF4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">.<\/span><\/li>\n<li><span style=\"color: #333333\"><span style=\"text-decoration: underline\">Complete<\/span> our <strong>Unit 8 Assignment<\/strong>. You can find more details <a href=\"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/assignments\/unit-8-assignment\/\"><span style=\"color: #3366ff\"><strong>here<\/strong><\/span><\/a>.<\/span><\/li>\n<\/ol>\n<p>As always, if you need more information, you can <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/openlab.bmcc.cuny.edu\/groups\/bus311-1801-hr-management-professor-buckler-spring-2021\/forum\/topic\/please-submit-your-questions-here-3\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>ask me a question<\/strong><\/a><\/span>. For information on due dates, check our <span style=\"color: #3366ff\"><a style=\"color: #3366ff\" href=\"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/schedule\/\"><strong>Course Schedule<\/strong><\/a><\/span>.<\/p>\n<hr>\n<p>Sources:<\/p>\n<h4><span style=\"color: #333333\">\u00b9\u2077&nbsp;<\/span><a href=\"https:\/\/www.oercommons.org\/courses\/human-resource-management-3\/view\" target=\"_blank\" rel=\"noopener noreferrer\">\u201cHuman Resource Management\u201d<\/a>&nbsp;by&nbsp;<a href=\"https:\/\/www.lib.umn.edu\/elearning\" target=\"_blank\" rel=\"noopener noreferrer\">eLearning Support Initiative<\/a>,&nbsp;<a href=\"http:\/\/www.lib.umn.edu\/publishing\" target=\"_blank\" rel=\"noopener noreferrer\">University of Minnesota Libraries Publishing<\/a>&nbsp;is licensed under&nbsp;<a href=\"http:\/\/creativecommons.org\/licenses\/by-nc-sa\/4.0\" target=\"_blank\" rel=\"noopener noreferrer\">CC BY-NC-SA 4.0<\/a><\/h4>\n<h4><span style=\"color: #ff0000\"><span style=\"color: #333333\">\u00b9\u2078 <\/span><\/span>LawShelf. (n.d.). <i>Compensation<\/i>. Retrieved October 18, 2020, from https:\/\/lawshelf.com\/videocoursesmoduleview\/compensation&#8211;module-3-of-5\/<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>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. [&hellip;]<\/p>\n","protected":false},"author":1403,"featured_media":0,"parent":35,"menu_order":7,"comment_status":"closed","ping_status":"closed","template":"","meta":{"portfolio_post_id":0,"portfolio_citation":"","portfolio_annotation":"","openlab_post_visibility":"","footnotes":""},"class_list":["post-1096","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/pages\/1096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/users\/1403"}],"replies":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/comments?post=1096"}],"version-history":[{"count":10,"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/pages\/1096\/revisions"}],"predecessor-version":[{"id":1923,"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/pages\/1096\/revisions\/1923"}],"up":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/pages\/35"}],"wp:attachment":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/bus311-1801-hr-management-professor-buckler-spring-2021\/wp-json\/wp\/v2\/media?parent=1096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}