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Salaries, incentives and bonus structures – an economic analysis for beginners
5.0 (1 rating)
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28 students enrolled
Last updated 9/2015
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What Will I Learn?
identify the issues that arise in the compensation strategies of the firm, develop incentive efficient and effective incentive schemes and integrate the information learned on a daily basis in a firm as an employee or executive.
View Curriculum
  • As this is an introductory course there is no need for a specific knowledge package before taking the course. The course is easily understood by individuals with no business or economic knowledge.

The course covers all the strategies of compensations and salaries known to work in corporations, when they work and how they work, the issues that arise from misusing the strategies and how to increase their efficiency in firms and corporations with examples. Because the labour employed in the firm is one of the most critical drivers of success, students should take-up this course in order to know the good and the bad that can be done in a firm. In order to increase efficiency and the pleasure with which we go to work, it is critical to follow the best practices known to us.

Who is the target audience?
  • This course is meant for individuals who work in a firm or own a firm and want to enhance their compensations schemes and their salary strategies.
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Curriculum For This Course
Expand All 7 Lectures Collapse All 7 Lectures 01:03:17
Salaries, incentives and bonus structures
7 Lectures 01:03:17

The introduction is meant to provide an idea and give an overview of the main subjects that will be presented in the course.

Preview 02:47

This introductory subchapter presents the pillars of the problem of trust and fairness from an economic perspective in order to allow the person taking the course to understand the subtleties presented in the following chapters.

Preview 07:03

This chapter presents the environment that will be analyzed, which is the firm, together with the main compensation strategies followed by those, their strengths and weaknesses, and the conditions that must be met in order to get the best results

Preview 10:42

In this chapter the student will learn about the importance of group incentives and how to use them efficiently. In addition the chapter talks about the possibilities to increase efficiency by redesigning jobs, when and how to use promotions, and how to fairly create compensation plans for executives.

Group incentives

We believe that there are many problems surrounding salaries and incentives, and thus we went more in depth with some of the most relevant issues that can arise in firms.

Problems and equity issues

“The good jobs strategy” gives some examples of successful corporations and it presents their strategies, in order to prove that our discussion is not only theoretical, but it actually has an immense impact in the development of firms

The good jobs strategy

As a complement to the theoretical information, this chapter gives some examples on each of the subjects discussed in this course.

The theory in action
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