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Compensation Management
AUTHORS : Dr. Saroj Kumar & Vikrant Verma
₹125.00
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MBA, Semester - IVAccording to the new syllabus of ‘Barkatullah University, Bhopal’Syllabus FSO-4: COMPENSATION MANAGEMENT Max. Marks: 80 Min. Pass Marks: 32 Unit-I: Compensation: Definition, Compensation Responsibilities, Compensation System Design Issues, Compensation Philosophies, Compensation Approaches. Unit-II: Compensation Classification: Types, Incentives fringes benefits, Strategic compensation planning, Determining compensation – The wage mix-development of base pay system-The wage curve – pay grades, salary matrix. Unit-III: Theories of Wages: Wage Structure, Wage Fixation, wage payment-salary Administration- Executive compensation – Incentive plan-team compensation, Gain Sharing incentive plan-profit sharing plan ESOP’S. Unit-IV: Sales compensation plan-performance based pay systems legal and taxation issues on compensation. Unit-V: Wage Board-Pay commission, Employee Benefits, Benchmarking Benefit scheme, Security benefits, Designing benefit packages, International compensation management.
BUB2018/MBA/04/2
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