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Compensation And Benefits Management

ISBN- 978-93-90460-73-1
AUTHOR- Richa Aggarwal
Tax excluded
Syllabus
MBA: 20IMG23GH1
UNIT-I
Compensation: Concept, Objectives, Financial and Non-Financial Compensation System. Economic and Behavioural Theories of Compensation. Compensation Structure, Job Evaluation, Approach to Compensation Management, Significance of Employee Compensation, New Trends in Compensation Management.
UNIT-II
Wage and Salary Administration: Theories of Wage Determination, Types of Wages, Salary Progression, Wage Boards and Pay Commissions. Pay for Performance Plans, Incentive Scheme: Merits, Demerits, Types of Incentive Schemes, Group Incentive Plans. Team Based Compensation: Introduction, Design of Team Based Compensation.
UNIT-III
Benefits and Services: Concept, Classification of Employee Benefits, Factors Influencing Benefits, Competency Based Compensation, Executive Compensation: Introduction, Components and Executive Compensation Design. Compensation of Special Groups, Employee Reward System in India.
UNIT-IV
Strategic Compensation Management: Strategic Compensation Design and Policies, Legal Framework of Compensation, Retirement Plans, Employee Welfare and Working Conditions-Statutory and Voluntary Measures. Taxation Issues and Employee Compensation: Tax Implications of Compensation, Compensation and the Income Tax Act.