Examines how organizations establish compensation and benefits for employees, including merit and incentive plans, wage and salary structures, and compensation methods. Understanding and designing the right mix of compensation and benefits is critical to an organization’s ability to attract and retain quality employees and ensure that employees remain satisfied and motivated to perform at a high level. Reviews team-based reward systems, flexible benefits plans, and indirect compensation. Explores innovative ways to construct and manage the compensation and benefits mix to establish comprehensive and cost-effective pay and benefits packages for organizations.