Learning Objectives / Competencies:
The focus of studying
"Finance in Human Resource Management" centers on the action areas of
"Employee Compensation" (including benefits) and "Personnel Cost
Management." While personnel costs address the economic dimension of labor
as a production factor and thus emphasize the business importance of personnel
(viewing staff as a cost factor!), the strategic design of Total Compensation
for employees and the entire workforce draws on the central paradigms of motivation
to performance as well as fairness.
Basic Knowledge ("50% theory"):
· In this semester, you will learn the key
objectives, concepts, tools, and practices of "Compensation &
Benefits" as the remuneration for employee performance.
· The focus will be on the performance principle,
which forms the central basis for the design of corporate pay systems, with an
emphasis on the fair evaluation and measurement of employee performance
("Performance Management").
· Additionally, other relevant reference points
will be discussed, which regularly come into play from a fairness perspective (job
requirements, market demand, qualifications, etc.).
· You will become familiar with the tools HR
professionals use in the HR department, thus gaining your theoretical expertise
in this field.
Reflective Ability & Practical Competence
("50% practice"):
· Furthermore, a key aspect of the course is its
practical application: Through discussions, exercises, and applications, you
will develop the ability to critically evaluate the newly acquired knowledge
and apply it in specific situations.
· As a result, you will have the necessary skills
to successfully tackle key tasks that every employee in HRM / the HR department
should master.
· This will deepen your subject matter expertise
and train its constructive and solution-oriented application in
practice-relevant situations.
Content Overview:
· Performance (goal setting, performance
evaluation, evaluation errors, employee feedback, performance reviews)
· Compensation (determination and differentiation
of remuneration, forms of compensation, employee benefits, company pension
schemes, pay equity, executive compensation)
Methods:
· Lectures, seminar-style teaching
· Case studies, research
· Exercises, individual and group work
· Presentations and discussions
· Guest lectures (practitioners) and/or field
trips
· Self-study online modules (HBR Remote Learning)
Literature:
· Bartscher, Thomas/Stöckl, Juliane/Träger, Thomas, Personalmanagement. Grundlagen, Handlungsfelder, Praxis, München etc. (Pearson) 1. Aufl. 2012.
· Dessler, Gary, Human Resource Management, Boston etc.
(Pearson) 16. Aufl. 2019.
· Holtbrügge, Dirk, Personalmanagement, Berlin (Springer Gabler) 8.
Aufl. 2022.
·
Scholz, Christian (Hrsg.), Vahlens Großes Personallexikon, München (C.H. Beck/Vahlen) 2009.
· Scholz, Christian/Scholz, Tobias M., Grundzüge
des Personalmanagements, München (Vahlen) 3. Aufl. 2019.
· Stein, Volker, Personalmanagement für Dummies, Weinheim
(Wiley-VCH), 1. Aufl.
2013.
Further readings to be announced during lectures.