Compensation Management MGT 4543 Fall 2012 MW 12:30pm 1:45pm McCool 110. Contact Information

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1 Compensation Management MGT 4543 Fall 2012 MW 12:30pm 1:45pm McCool 110 Please note ADDING this class after the first day is not recommended. You will have already missed important course information and will have missed information about course assignments. Contact Information Professor: Dr. Laura E. Marler Office: 302-I McCool Hall Office Phone: M&IS Department Phone: Office Hours: Feel free to contact me via or phone, or stop by my office at any time. Course Site: Click on Laura Marler, then online grades Graduate Assistant: Bryan Rogers GA Office: 313-C GA Prerequisite-- no exceptions MGT 3513: Introduction to Human Resources Management Course description Three hours lecture. Compensation fundamentals, practices, and problems, including wage level determinants, wage & salary structures, merit rating, methods of wage payments, fringe benefits, & controls. From the MSU catalogue Required Course Materials (text and cases available at Barnes & Noble on campus) Required text: Martocchio, Joseph J Strategic compensation: A human resource management approach, 7 th edition. Upper Saddle River, NJ: Pearson. Harvard Business Review Cases: Case 1 The Proposed Merit Pay Program: Should the Winners Take All? Case 2 Raleigh & Rosse: Measures to Motivate Exceptional Service Case 3 Wrap It Up: Developing a New Compensation Plan Other assigned readings and discussion questions will be posted on the course website: (click on Online Grades ) Accommodation If you have special needs due to a physical, emotional, sensory, learning, or other disability, contact the office of Student Support Services in Room 01 Montgomery Hall ( ) so that I can make an effort to accommodate your needs. After registering, please provide me with your letter from DSS. Communication Please include MGT 4543 Your last name in the subject line of any you send to me regarding this course. Remember to compose a professional free from grammatical and punctuation errors.

2 Course Objectives Understand the relationship between compensation systems and strategy Understand and apply motivational theories that deal with rewards Understand legal influences on compensation systems (e.g., Fair Labor Standards Act) Understand the use of merit pay systems Understand internal pay equity and external pay equity as well as the tradeoffs between the two Explain the potential benefits and drawbacks of different pay-for-performance systems Identify the significance of employee benefits to both employees and employers Enhance your ability to apply specific facts to broad problems Enhance your ability to think critically and to apply course concepts Further develop your ability to convey information effectively and succinctly to small groups Graded Activities 5% Class Participation 10% Individual Case Analysis 20% Group Presentation 15% Exam 1 15% Exam 2 15% Exam 3 20% Comprehensive Final Exam Grading Scale The standard 10-point grading scheme will be used: A = B = C = D = F = 59.9 or below Additional information about course activities will be provided during the semester. Exam Policy Please arrive on time if you would like to take a scheduled exam. I reserve the right to reduce your exam by 10 points or to not allow you to take the exam if you are late. Makeup exams are not given. If you miss an exam, your final exam score will be used to replace the missing exam. Attendance Attendance will be taken each course meeting. A sign-in sheet will be distributed in each class. If you do not sign the sheet or leave class early, you will be counted absent. Students with 3 or less absences will be rewarded with extra points on their final exam. Please note these are raw points, not percentage points. University-approved absences will not count against you provided you complete and turn in an excused absence form within one week of your absence along with the appropriate documentation. o Students who attend all course meetings will receive 5 extra points o Students who miss only 1 course meeting will receive 4 extra points o Students who miss only 2 course meetings will receive 3 extra points o Students who miss only 3 course meetings will receive 2 extra points

3 Cell-Phone Use I expect that you will not use your cell phone during class. I reserve the right to ask you to leave if you are using your cell phone during class or deduct 10 points from your final exam for each occurrence of cell-phone use. To be more specific, your cell phone should not be visible during class that means neither you nor I should be able to see it. Please let me know if you need to have your phone on due to extenuating circumstances (e.g., sick child). Use of your cell-phone during an exam will be considered cheating. This includes your cell phone ringing or sending/receiving texts. Academic Integrity I expect that you will adhere to the University s honor code: As a Mississippi State University student I will conduct myself with honor and integrity at all times. I will not lie, cheat, or steal, nor will I accept the actions of those who do. I strictly enforce the University s policy on academic honesty and expect that you will never knowingly violate the policy. Students who engage in academic dishonesty are subject to disciplinary penalties such as but not limited to an XF, suspension, or expulsion. Please refer to Mississippi State University s complete honor code policy and procedures. My Expectations of You Promptness I expect that you will arrive to class on time. This means you will need to plan accordingly for traffic, parking, etc. Preparation I expect that you will arrive to class prepared. This means I expect you to have read any assigned materials and completed any assignments. Also, I expect you will be prepared for and contribute to group activities. Professionalism I expect that you will be professional at all times. This includes interactions in and outside the classroom, with your group members, and with me. Once class has started, I expect that you will not leave unless there are extenuating circumstances. You are responsible for reading the syllabus and asking me questions if you need any clarification. Registering for MISWEB To register for MISWEB, go to When you register for MISWEB, you must complete the information under the first link, main information. You MUST provide a valid address. Without your correct address, you will NOT receive course s. If your address changes during the semester simply update your address at: It is your responsibility to maintain the correct contact information. You will use MISWEB to access your grades, absences, archives, or the course web-site with downloadable course documents. Go the COB web-site: and click on your instructor s name, for this course, Laura Marler. Scroll down the page to the section Courses Taught. Select your course, MGT 4543, and click on the link for Online Grades. You will check your grades and access slides using the password that you selected when you registered for MISWEB.

4 Course Schedule Please note this is a tentative schedule and may change during the semester. DATE Topics Covered Activity/Due Dates Monday, August 20 Discussion of syllabus & Register for MISWEB overview of course Wednesday, August 22 Monday, August 27 Wednesday, August 29 Monday, September 3 Wednesday, September 5 Monday, September 10 Wednesday, September 12 Monday, September 17 Reading: On the Folly of Rewarding A, While Hoping for B Lecture: Theories of Motivation Chapter 1: Strategic Compensation Strategic Compensation (Continued) PowerPoint: How To Analyze A Case Applying Theory & Course Concepts Chapter 2: Contextual Influences on Pay HOLIDAY NO CLASS Chapter 2: Contextual Influences on Pay (continued) Discussion of Team Projects Merit Pay Chapter 3: Traditional Bases for Pay Career Ready: Guest Speaker Kelly Atwood Discussion Questions for Reading (Be prepared to answer in class) Bring Theories of Motivation Sheets Ch 1 Discussion Questions Bring Strategic Management Sheet Strategic Compensation Assignment Due In-Class Case (p.23 - Read Before) Ch 2 Discussion Questions FLSA exercise Bring FLSA Fact Sheets Ch 2 Discussion Questions In-Class Case (p.49 - Read Before) Bring FLSA Fact Sheets Bring Team Project Sheets Merit Pay Exercise Ch 3 Discussion Questions Career Center Assignment Due Team Project Topic & Group Member Selection Due

5 DATE Topics Covered Activity/Due Dates Wednesday, September 19 Chapter 4: Incentive Pay Ch 4 Discussion Questions In-Class Case (p.97) Read Before Class Monday, September 24 Case 1 Discussion Team Project Meeting #1 Case 1 Analysis Due Be able to provide me with some basic background information about your team project Wednesday, September 26 EXAM 1 Monday, October 1 Wednesday, October 3 Assigned Reading Internal Equity Chapter 6: Building Internally Consistent Pay Systems Discuss Pay Equity Assignment Chapter 7: Building Market- Competitive Pay Systems Discussion Questions from Reading Ch 6 Discussion Questions Bring Pay Equity Assignment Ch 7 Discussion Questions Time To Work On Pay Equity Assignment Monday, October 8 Pay System Equity Present Pay Equity Assignment Wednesday, October 10 Chapter 8 Building Pay Structures that Recognize Employee Contributions Ch 8 Discussion Questions Monday, October 15 Chapter 9 Discretionary Benefits Ch 9 Discussion Questions Wednesday, October 17 Case 2 Discussion Team Project Meeting #2 Case 2 Analysis Due Update Me On Your Team s Progress Monday, October 22 EXAM 2 Wednesday, October 24 Chapter 10 Employer Sponsored Retirement Plans & Health Care Coverage Ch 10 Discussion Questions

6 DATE Topics Covered Activity/Due Dates Monday, October 29 Chapter 11 Legally Required Ch 11 Discussion Questions Benefits Wednesday, October 31 Monday, November 5 Chapter 12 Compensating Executives Reading: Seven Myths of Executive Compensation Chapter 13 Compensating the Flexible Workforce Ch 12 Discussion Questions Discussion Questions for Reading Ch 13 Discussion Questions Wednesday, November 7 Case 3 Discussion Case 3 Analysis Due Monday, November 12 Team Project Meeting #3 Be prepared to give me an overview of your project Wednesday, November 14 EXAM 3 Have a draft of your presentation outline Monday, November 19 Presentations Final outline, hard copies of presentation materials, & reference list must be submitted to me before your presentation Wednesday, November 21 Monday, November 26 Wednesday, November 28 Monday, December 3 Wednesday, December 5 Friday, December 7 Noon (not 12:30pm) HOLIDAY NO CLASS Presentations Presentations Presentations READING DAY COMPREHENSIVE FINAL EXAM

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