Syllabus
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Course Code: IMS-1008 Course Name: Human Resources - Compensation Management |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | Reward Management: Nature, Aims, Compensation and Non Compensation Components, Wage Theories, Inter and Intra-industry Compensation differentials and Internal and External Equity in Compensation Systems. | |
| 2 | Tools in Designing and Implementing Compensation Packages, Compensation Practices of Multinational Corporations. | |
| 3 | Components of Compensation Packages: Fringe Benefits, Incentives, Retirement Plans and Bonuses. | |
| 4 | Job Analysis and Its Process, Job Evaluation: Definition, Importance and Methods, Skill and Competency based Evaluation | |
| 5 | Wage Administration in India, Nature, Constitution and Working of different Institutions related to Reward System like Wage Boards, Pay Commissions. | |
