Nature of total rewards and compensation


Discuss the following:

Outline and Annotated Bibliography

Washington University of Virginia

I. Nature of Total Rewards and Compensation

a. Components of Compensation

II. Laws Governing Compensation

a. Fair Labor Standards Act (FLSA)

b. Pay Equity Laws

c. Independent Contractor Regulations

d. Additional Laws Affecting Compensation

III. Strategic Compensation Decisions

a. Compensation Philosophies

b. Communicating Pay Philosophy

c. Compensation Responsibilities

d. Human Resource Metrics and Compensation

IV. Compensation System Design Issues

a. Motivation Theories and/or Compensation Philosophies

b. Compensation Fairness and Equity

c. Market Competitive Compensation

V. Global Compensation Issues

a. International Assignees

VI. Developing a Base Pay System

a. Job Evaluation Methods

b. Market Pricing

c. Pay Surveys

VII. Pay Structures

a. Pay Grades

b. Pay Ranges

c. Individual Pay

VIII. Determining Pay Increases

a. Performance-Based Increases

b. Standardized Pay Adjustments

c. Compensation Challenges

Annotated Bibliography

Mathis, R. L., & Jackson, J. H. (2002). Human resource management: Essential perspectives.

Duchon, M. (2007, June/July). Compensation: Total Reward Plans that Attract, Retain and Motivate. Retrieved April 06, 2016, from https://www.constructionbusinessowner.com/topics/management/construction-workforce-management/compensation-total-reward-plans-attract-retain

Shepherd, S. (2015, July/August). Compensation vs. Total Rewards: What's the Difference Really? Retrieved April 06, 2016, from https://www.helioshr.com/2015/07/compensation-vs-total-rewards-whats-the-difference-really/

Cook, D. (2015, April 09). Total rewards packages lead to more engaged workers. Retrieved April 06, 2016, from https://www.benefitspro.com/2015/04/09/total-rewards-packages-lead-to-more-engaged-worker

Miller, S. (2015, May 26). Total Rewards Trends for the Next Five Years. Retrieved April 06, 2016, from https://www.shrm.org/hrdisciplines/compensation/articles/pages/total-rewards-trends.aspx

Miller, S. (2014, January 29). SHRM Highlights Top 'Total Rewards' Trends for 2014. Retrieved April 06, 2016, from https://www.shrm.org/hrdisciplines/benefits/articles/pages/total-rewards-trends-2014.aspx

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