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What you'll be able to do (official learning outcomes)
define the concept of compensation management
outline the types of wages and wage payment systems in Nigeria
recognise the component of wages and their roles in employee’s motivation
recall theories of wages and determine their relevance to Nigerian work environment
demonstrate how to design and install compensation package; and
build job evaluation mechanism to achieve internal and external equity in wage determination
Course contents
The concept of compensation management, its philosophy, objectives and principles. Rationale for sound compensation management. Theories of wages. Types of wage payment, e.g., basic pay, performance incentives and benefits.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study EHR 305.