MGT 516 Remuneration Management
While economics teaches us about the supply and demand of labor, more is needed to predict or explain how exactly people, including executives, get paid. This course will look at the whole topic of money and work. It will introduce the student to the approaches and tools used by companies and public organizations to shape salaries and other components of compensation. It will also touch on related subjects such as talent management, the role of human resource functions, performance management, and the governance of compensation. In addition, it will examine the topic from a larger societal perspective, including the debates on pay fairness, the promotion of teamwork and innovation, and positive and negative influences of financial incentives on motivation and performance. Interactive and interdisciplinary in nature, this course brings together economics, management, communications, political science, and social justice/sustainability.