ILRHR4631 Week 1 Lecture January 19

ILRHR4631 Week 1 Lecture January 19 - Managing Compensation...

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Managing Compensation Spring 2009 ILRHR 4631 Charles G. Tharp
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2 My Background Ph.D. Labor and Industrial Relations (Dissertation on Executive Compensation); Master in Economics J.D. and graduate work in tax Experience Teaching experience: Executive Compensation last semester Rutgers: Professor HRM and Co-Director Exec Masters in HR Leadership EVP Policy for the Center On Executive Compensation EVP HR Saks Fifth Avenue (interim) SVP HR Bristol-Myers Squibb Towers Perrin, Exec Comp Consultant HR Roles at GE. PepsiCo, Pillsbury, and CIGNA (Conn Gen) President of the National Academy of Human Resources
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3 My Approach To Teaching Highly participatory class discussion Be prepared for the class or give me a note at the beginning of class that you are not prepared so I don’t call on you. Readings in the syllabus will “flex” based on “hot topics” that develop. Selected Corporate Guest lecturers Course is misnamed; I will teach the course as Strategic Rewards not Managing Compensation
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4 Course Requirements Midterm Examination 25% Final Examination (comprehensive) 50% Research Paper 25% I reserve the right to lower/increase the final grade based on attendance, preparedness and contributions in class. Syllabus, articles, handouts will be posted on Blackboard
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5 Research Project Individual Project On Blackboard there are some suggested topics. You may select one of those or another relevant topic (with advance approval). Discussion of the issue : Background, why is it an issue, who is concerned, who will benefit, financial and social magnitude, scope and impact. What are the current or potential legislative reactions at the federal and state level? What will be the impact on workers? Likely reaction/action? What will be the impact on employers? Likely reaction/actions? What will be the likely response of other interested stakeholders (e.g., unions, consumers, other governments)? Discuss in detail your recommendations for dealing with this issue: How would your recommendation address this issue and why? How would your recommendations impact on employees and employers? Are there any potential unintended consequences of your recommendations?
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6 Research Project The research paper should be no more than 5 single spaced typed pages, or 10 double spaced pages, (exclusive of exhibits and attachments) and should follow the proper style for footnotes and quotes. A bibliography of the sources used should be included. Due Date: May 4th
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7 Course Learning Objectives Mix of Pay: Understand the various forms of compensation and the prevailing best practices Understand the of the various elements of pay in arriving at a total compensation for total reward package. Become familiar with various forms of incentive systems and pay for performance models.
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