Stephanie R. Thomas is a Lecturer in the Department of Economics at Cornell University. She teaches courses in microeconomics, labor economics and personnel economics. From August 2013 through June 2016, Dr. Thomas also served as the Program Director of the ILR School’s Institute for Compensation Studies, an interdisciplinary initiative that analyzes, teaches and communicates about monetary and non-monetary rewards from work. Dr. Thomas earned her Ph.D. in Economics from the New School for Social Research.
Attracting the right talent to the right position from the start is crucial for organizational success. Once you have your talent in place, retention is an equally important challenge. It costs your organization effort and money every time you need to bring in someone new. As organizations try to do more with less, resources are scaled back and compensation plays a more important role in your talent-management strategy, making it essential to identify and select compensation elements that provide the highest return.
Through the research and expertise of Dr. Barrington and Dr. Thomas, this course will teach you to compare and contrast different pay systems. Doing so will allow you to attract and retain key talent within your organization while also identifying internal equity concerns that may exist.
Key Course Takeaways
- Contrast "pay for potential" with "pay for performance"
- Choose pay-for-performance elements to attract and retain key talent and superstars
- Recognize internal equity concerns associated with pay for performance
How It Works
Linda Barrington is the Associate Dean for External Relations in the Cornell SC Johnson College of Business as well as the executive director of Cornell’s Institute for Compensation Studies. Dr. Barrington’s published research addresses employee compensation, gender issues in the workplace, employees with disabilities, and workforce demographics.
Who Should Enroll
- New through intermediate-level HR professionals, including lower-level specialists in Compensation and Benefits
- HR Generalists looking to specialize or round out their skills