Recommended: Human Resources Management or equivalent. This course is designed to expose students to all the essential elements of compensation design, implementation, management, and evaluation within the competitive and changing environment of the new economy. Compensation management explores the theoretical and practical approaches and strategies to compensation design and management within an organizational framework, the external and internal environments of an organization, pay structures, incentive systems, benefits programs, and changing employment conditions and trends. Note: Students who successfully complete this course can apply for exemption from 'Compensation' within the Human Resources Certificate Program. HRPAO will grant a credit for successful completion of this course.