Compensation Management

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Dr. Saroj Kumar, Mrs. Veera Thakur 

Syllabus

Essentials of reward Management:

·          An Overview of Reward Management

·          The Reward System

·          Total Rewards

·          Strategic Reward

·          International Reward

Performance and reward:

·          Performance Management and Reward

·          Engagement and Reward

·          Financial Reward

·          Non-Financial Reward

·          Contingent Pay Schemes

·          Bonus Schemes

·          Team Pay

·          Rewarding for Business Performance

·          Recognition Scheme

·          Valuing and Grading Jobs

·          Pay Levels

·          Market Rate Analysis

·          Grade and Pay Structures

Rewarding Special Groups:

·          Rewarding Directors and Senior Executives

·          Rewarding Sales and Customer Service Staff

·          Rewarding Knowledge Workers

·          Rewarding Manual Workers

 

Employee Benefits:

·          Employee Benefits

·          Flexible Benefits

 

The Practice of Reward Management:

·          Developing of Reward System

·          Managing Reward System

·          Evaluating Reward Management

·          Responsibility for Reward Management

CM related Labor Laws:

·          Payment of Wages Act, 1936.

·          Minimum Wages Act, 1948.

·          Payment of Bonus Act,1965

·          Equal Remuneration Act, 1976.

·          Income Tax act Provisions with Respect to Salaried Persons.

·          Workmen’s Compensation Act, 1923.

·          Mediclaim Policies and their salient Features

 

 

Essentials of reward Management:

·          An Overview of Reward Management

·          The Reward System

·          Total Rewards

·          Strategic Reward

·          International Reward

Performance and reward:

·          Performance Management and Reward

·          Engagement and Reward

·          Financial Reward

·          Non-Financial Reward

·          Contingent Pay Schemes

·          Bonus Schemes

·          Team Pay

·          Rewarding for Business Performance

·          Recognition Scheme

·          Valuing and Grading Jobs

·          Pay Levels

·          Market Rate Analysis

·          Grade and Pay Structures

Rewarding Special Groups:

·          Rewarding Directors and Senior Executives

·          Rewarding Sales and Customer Service Staff

·          Rewarding Knowledge Workers

·          Rewarding Manual Workers

 

Employee Benefits:

·          Employee Benefits

·          Flexible Benefits

 

The Practice of Reward Management:

·          Developing of Reward System

·          Managing Reward System

·          Evaluating Reward Management

·          Responsibility for Reward Management

CM related Labor Laws:

·          Payment of Wages Act, 1936.

·          Minimum Wages Act, 1948.

·          Payment of Bonus Act,1965

·          Equal Remuneration Act, 1976.

·          Income Tax act Provisions with Respect to Salaried Persons.

·          Workmen’s Compensation Act, 1923.

·          Mediclaim Policies and their salient Features

GTU2019/MBA/3/09
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