Course overview
Textbook title for compensation course
Strategic Compensation in Canada
Promise that a specified reward will be provided if employee performs a specified behaviour
Incentive
The mix across the three compensation components, and whether and how this mix will vary for different employee groups
Compensation strategy
Formulate reward and compensation strategy is step__ in the road-map.
two
Number of quizzes and exams in the course
5: 3 quizzes +2 exams
Positive consequences of performing behaviours occurring during performance of the behaviour
Intrinsic rewards
Compensation system deals only with economic/
monetary part of reward system;
True or False
True
Job evaluation takes place in which step of the road-map?
3: determine your compensation values
How much do Canadian employers spend on wages and salaries?
over a trillion dollars
'Social needs and recognition are gratified by intrinsic rewards';
true or false?
False
Three main components of Compensation strategy
Base pay, Performance pay, Indirect pay
Formulate behavioural expectations towards different groups of employees is a part of ___ stage of the road-map.
Stage 1: understand your organization and your people.