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    Syllabus - Compensation Management

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    Kavya sri nalamati
    This document outlines the course syllabus for Compensation Management at K L University Business School. The syllabus covers 5 units: 1) introduction to compensation theories and system design, 2) strategic compensation planning, 3) variable pay plans, 4) employee benefits, and 5) wage determination. It also lists recommended textbooks and reference books for learning support.

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    Syllabus - Compensation Management

    Uploaded by

    Kavya sri nalamati
    196 views1 page
    This document outlines the course syllabus for Compensation Management at K L University Business School. The syllabus covers 5 units: 1) introduction to compensation theories and system design, 2) strategic compensation planning, 3) variable pay plans, 4) employee benefits, and 5) wage determination. It also lists recommended textbooks and reference books for learning support.

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    This document outlines the course syllabus for Compensation Management at K L University Business School. The syllabus covers 5 units: 1) introduction to compensation theories and system design, 2) strategic compensation planning, 3) variable pay plans, 4) employee benefits, and 5) wage determination. It also lists recommended textbooks and reference books for learning support.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    196 views1 page

    Syllabus - Compensation Management

    Uploaded by

    Kavya sri nalamati
    This document outlines the course syllabus for Compensation Management at K L University Business School. The syllabus covers 5 units: 1) introduction to compensation theories and system design, 2) strategic compensation planning, 3) variable pay plans, 4) employee benefits, and 5) wage determination. It also lists recommended textbooks and reference books for learning support.

    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    of 1

    K L UNIVERSITY BUSINESS SCHOOL

    K L UNIVERSITY
    II/II MBA – II SEMESTER
    COMPENSATION MANAGEMENT (10MB62H4)

    Course Syllabus:
    Unit 1: Introduction Compensation, types of compensation, conceptual framework of
    compensation management, Theories of wages: subsistence theory, wage fund theory,
    marginal productivity theory, bargaining theory, criteria of wage fixation. Compensation
    system design issues: Compensations Philosophies, compensation approaches, decision
    about compensation, compensation- base to pay, individual Vs team rewards, Perceptions of
    pay Fairness, legal constraints on pay systems.
    Unit 2: Strategic Compensation Planning: Strategic perspectives towards
    compensation – developing a total compensation strategy, Source of competitive advantage:
    three tests, designing pay levels, mix and pay structures, Development of a Base Pay
    System: Job evaluation systems, the compensation structure- Wage and salary surveys, the
    wage curve, pay grades and rate ranges, preparing salary matrix, government regulation on
    compensation, fixing pay, significant compensation issues, Compensation as a retention
    strategy.
    Unit 3: Variable Pay: Strategic reasons for incentive plans, administering incentive
    plans, individual incentive plans – piece work, standard hour plan, bonuses, merit pay, group
    incentive plans, team compensation, gain sharing incentive plans, enterprise incentive plans,
    profit sharing plans, stock options, ESOPs. Executive compensation – elements of executive
    compensation and its management, International compensation Management.
    Unit 4: Managing Employee Benefits: Nature and types of benefits, employee benefits
    programs- security benefits, retirement security benefits, health care benefits, time –off
    benefits, benefits administrations, employee benefits required by law, discretionary major
    employee benefits, employee services designing a benefits package.
    Unit 5: Wage Determination: Principles of wage and salary administration, methods of
    wage determination in India; internal and external equity in compensation systems, wage
    administration in India: wage policy in India, wage boards: structure, scope and functions,
    compensation practices in different industries, compensation practices of multinational and
    global organizations.

    1) Learning Support:
    a. Recommended Text Books:
    1. Milkovich & Newman, Compensation, TMH, 2008, 8th Edition

    b. Reference Books:

    1. Richard I. Henderson, Compensation Management in a Knowledge-Based World,


    th
    Pearson Education, 2009, 10 Edition.
    2. B D Singh, Compensation And Reward Management, Excel Books, 2008
    3. Tapomoy Deb, Compensation Management, Text and Cases, Excel Books, 2009, 1 st
    Edition.

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