Compensation Management [FT 403H] MBA (HR)- IV Sem. Syllabus for DAVV Indore Affiliated Institutions

DEVI AHILYA VISHWAVIDYALAYA, INDORE

MBA (Full-Time) Human Resource Management 
 Fourh-4th-IV Semester Curriculum/ Syllabus

Compensation Management Syllabus

Human Resource Management  -  Compensation Management [FT 403H] 

Course Contents

1.  Wage  and  Salary Administration:  Definition,  Goals,  Job  Evaluation,  Wage  and  Salary surveys, Time and Piece Rate, Merit pay /skill based pay, Factors affecting wage concept of pay of performance. 

2.  Incentive  Plans:  individual  and  group  incentive  plans,  Productivity Gain  sharing  plans, Profit  Sharing  Plans,  Non  -  Financial  and  Financial  incentives,  Measuring  Cost-  to  – Company (CTC). 

3.  Employee  Benefits:  Supplemented  Pay benefits  (pay for  time  not  worked)  insurance benefits, Retirement benefits, Employees’ service benefits, ESOPs, Flexible benefits and Benefit Surveys. 

4.  Governing Laws: Provident Fund Act 1952, Minimum wages Act 1948; Payment of wages Act 1948; Payment of Bonus Act, 1965. 

5.  Current Trends in Compensation and Reward Management.

6.  Concept  of  human  capital  and  its  implications  for  compensating  human  resources Determinants  of  intra  and  inter-industry differentials in  compensation.  Internal  and  external equity in compensation systems. 

7.    Designing compensation for Chief Executives, senior managers, knowledge workers etc.

Text Books

• Milkowich, Newman  Compensation(SIE )9eTata Mcgraw Hill
• Armstrong.& Murlis Reward Management A Handbook of Salary administration. London  Kegan Paul
• Bhattacharya, Compensation Management,Oxford Press
• Tapomoy Deb Compensation Management,Excel Books 

Reference Books

• Garry Dessler, Human Resource Management,11e, Pearson Education
• B D Singh Compensation and Reward Management Excel Books
• Henderson.Compensation Management in a Knowledge Based World New Pearson Edu
  
  
  Course Objective The objective of this course is to familiarize students with the dynamics of wage and salary administration and current trends in India.
  
  
  Examination Scheme: Students shall be evaluated on two components , internal and end semester examination. Internal component shall be of 20 marks based on continuous evaluation .The Semester Examination will be worth 80 marks, it will have two Section, A and B. Section A, worth 60 marks will comprise of seven theory questions out of which a student will be required to attempt any four questions. Section B worth 20 marks will contain Cases.