This course is designed to provide students with the operational knowledge of performance and compensation management systems and their relation to corporate and human resource management strategies. Attention is also given to the changing nature of compensation and performance management, changing expectations of employees and competitive needs of employers as well as evolving trends in pay realignment to the strategic objectives of organisations. Importance is placed on the practical application of concepts and processes through individual and group work as well as class discussions. Hence, the course will provide students with an experiential opportunity to develop the managerial skills necessary to design and understand the performance based compensation and benefit programmes for an organisation.