Compensation & Benefit Administration.pdf

This course introduces students to compensation and benefits in organizations, focusing on important concepts and practices for managing them. Students will learn about the significance of compensation, its objectives, different types, and how to establish a fair pay structure while considering legal requirements and employee perceptions. The course also covers how to reward employee contributions through incentives for individuals and teams.

1. Compensation & BenefitsAdministration
Abdikani Ahmed (MPA, PGD-TE & BHRML)
Graduate Coach, Senior Lecturer & Founder of Zemen Academy

2. Opening Question:
"Do you agreeor disagreethat
compensationis the keyfactorin attracting
and retainingemployees? Why?"
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3. Compensation & Benefit Administration Course Outline
Chapter 1: Introduction to Compensation
Chapter 2: Direct Pay/Compensation
Chapter 3: Establishing a Pay Structure
Chapter 4: Recognizing Employee Contributions with Pay
Chapter 5: Providing Employee Benefits
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4. Chapter 1: Introduction to Compensation
•Definition of Compensation
•Significance of Compensation
•Types of Compensation
•Principles of Compensation
•Factors Affecting Compensation
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5. Chapter 2: Direct Pay/Compensation
•Meaning of Direct Pay
•Types of Direct Pay
•Categories of Base Pay
•Methods of Wage Payments
•Types of Variable Pay
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6. Chapter 3: Establishing a Pay Structure
•Decision about Pay
•Legal Requirements for Pay
•Economic Influences on Pay
•Employee Judgments about Pay Fairness
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7. Chapter 4: Recognizing Employee Contributions with Pay
•Incentive Pay
•Pay for Individual Performance
•Pay for Group Performance
•Pay for Organizational Performance
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8. Chapter 5: Providing Employee Benefits
•Meaning of Employee Benefits
•Objectives of Employee Benefits
•Types of Benefits
•Employee Services
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9. Class Policies
Attendance & Participation –
•Compulsory, active involvement required.
Classroom Behavior –
•Respect, no disruptions, devices used responsibly.
Assignments –
•Must be on time, high quality, and fairly contributed in group work.
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10. Teaching Methods
Lectures – Teacher explains a topic.
Case Studies – Learning from real-life examples.
Discussions & Debates – Sharing and arguing ideas.
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11. Evaluation
•Attendance………………………………………………………… .10%
•Group Assignments……………… ....………… ...…….………… ..20%
•Midterm Exam………..……………………… ....…………… ...….20%
•Final Exam.....................................................…….………..………50%
•Total………...………………… ...………… .………… ..………… 100%
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12. References
•Berger, L. A., & Berger, D. R. (2020). The compensation
handbook: A state-of-the-art guide to compensation strategy and
design (6th ed.). McGraw-Hill Education.
•Armstrong, M., & Brown, D. (2019). Armstrong's handbook of
reward management practice: Improving performance through
reward (6th ed.). Kogan Page.
•Milkovich, G. T., Newman, J. M., & Gerhart, B. (2016).
Compensation (12th ed.). McGraw-Hill Education.
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13. Thank you for your attention
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