MGT 422 Wage & Salary Administration
Spring, 2004
Dr. Nancy
Brown Johnson
235 Gatton College of Business & Economics
257-2976
E-mail nbj@uky.edu
Office Hours: Tuesday/Thursday
http://gatton.uky.edu/Faculty/johnsonn/MGT422/index.htm
OVERVIEW Compensation of employees is a critical organizational function. Labor
costs can represent as much as 85% of total costs in service organizations and
50% in manufacturing. A good compensation and reward system can enhance
organizational effectiveness while a poor one can detract from it. The first
few weeks of this course will focus on the basic elements of wage and salary
administration. From there, we will move on to explore pay for performance
systems and more recent compensation trends. Finally, the course will wrap up
with special topics such as international compensation.
Course
Objectives
1. Obtain working
knowledge of basic compensation tools: job evaluation, performance appraisal,
wage surveys, and fringe benefits.
2. Gain a conceptual knowledge of basic building blocks of compensation
systems: internal, external, individual, and administrative equity.
3. Understand incentive systems effects on motivation, productivity, and
workforce flexibility.
REQUIRED TEXTS
Martochhio, Joseph. 2001. Strategic Compensation.
(2nd edition)
REQUIREMENTS
The grade for the class will be based upon two
exams and an optional comprehensive final, an individual assignment, three cases,
a group project, and presentation. Grading will be based upon a 90%=A,
83-90%=B, 74-82%=C, 65%-73%=D scale. Class participation will not be
explicitly graded. However, students who attend and participate in
class, tend to perform better on exams and in assignments. Attendance is required during the cases and student
presentations. Should you have a university excused absence during this
time, you will be required to turn in a make-up assignment. All make-up exams will be in the essay format.
Exam I 75
Exam
II 75
Assignment 1 20
Case 1 10
Case II 10
Case III 10
Group
Assignment 75
Presentation
25
Final
Exam 100
TOTAL 400(300
without final)
GRIEVANCE PROCEDURE
Anyone feeling that a
dispute exists after the grading of any assignment or examination may submit a
written grievance. This grievance should identify the item in dispute
and academic arguments supporting the student’s position. Grievances must
be submitted in the class following the returned assignment. The
instructor agrees to return a written response within one class of the
submitted grievance.
§
Respecting the views of other students.
§
Behaving in a way that does not make others
uncomfortable
§
Not interrupting others and not speaking while
others are speaking
§
Asking for clarification or commenting on
assignments in a courteous manner
§
Arriving in class on time
§
Leaving class when dismissed
§
Acting interested in the material
§
Not sleeping or reading the paper during class
ASSIGNMENT SCHEDULE
|
Date |
Topic/Power
Points |
|
|
|
|
|
|
January 13 |
|
Kerr, S. “On the Folly of Rewarding A While
Hoping for B” Kerr, Steven, Academy of
Management Executive, 10795545, Feb95, Vol. 9, Issue 1, pp. 7-14. |
|
January 18 |
Martocchio Chapter 1, 2 |
|
|
January 20 |
Martocchio, Chapter 3 |
|
|
January 25 |
|
|
|
January 27 |
Martocchio Chapter 8 Assignment 1 Due |
|
|
February 2 |
wAGE SURVEYS |
|
|
February 4 |
Martocchio Chapter 7 Bridges, W. The End of the Job. Fortune, |
|
|
February 8 |
job evaluation |
|
|
February 10 |
Martocchio Chapter 9 |
|
|
February 15 |
|
|
|
February 17 |
Bonnie
Hardwick from Compensation |
|
|
February 22 |
EXAM 1 |
|
|
February 24 |
Martocchio Chapter 4 |
|
|
March 1 |
|
|
|
March 3 |
Incentive Pay |
Martocchio Chapter 5 |
|
March 8 |
Case
1: Donald Roy "Quota
Restriction & Goldbricking in a Machine Shop” American
Journal of Sociology, 7:5,
(March, 1952) 427-452 http://links.jstor.org/sici?sici=0002-9602(195203)57:5<427:QRAGIA>2.0.CO;2-G
* In order to download the case
you will need to use a campus computer or have proxy access to the
library. You may also purchase the
case from Johnny Print. |
|
|
March 10 |
|
|
|
March 22 |
Case Harvard Business School 9-376-028: Berg, N.A. and Fast, N.D. " Lincoln
Electric" Note: This case is available for download at the
above hyperlink Harvard Business Review Press for $6.50. There are several Lincoln Electric Cases
and so make sure the case numbers match.
Some students have had trouble downloading cases using campus computers. The case can also be purchased from Johnny
Print. |
|
|
March
24 |
Martocchio
Chapter 6 |
|
|
March
29 |
Case 3. Freeman
& Kleiner “The Last American Shoe Manufacturers: Changing the Method of
Pay to Survive Foreign Competition.”
NBER Working Paper w 6750. http://papers.nber.org/tmp/74624-w6750.pdf In
order to download this case you will need to use a campus computer. You can also purchase the case from Johnny
Print. |
|
|
March
31 |
Guest
Speaker: Wayne Carter, Consolidated Electric Distributors |
|
|
April
5 |
Benefit
Trends (see page 10) |
Martocchio Chapter 10 |
|
April 7 |
Benefits continued |
Martocchio Chapter 11 |
|
April
12 |
Martocchio Chapter 12 |
|
|
April 14 |
Joey Pain, UK Benefits Director |
Group Projects Due |
|
April 19 |
EXAM II |
|
|
April 21 |
Presentations |
|
|
April 26 |
Presentations |
|
|
April 28 |
Wrap up |
|
|
May 3
1:00pm |
FINAL EXAM (optional) |
|
*Note:
These links operate through the UK library system which is accessible from
all UK computers or by creating a proxy linkage. Directions for off campus access connections
are available at www.uky.edu/libraries
and clicking on “Off Campus Instructions.”