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Hrm-304: Compensation Management: S. No. Topics No. of Lectures

The lecture plan outlines a 23 lecture course on compensation management. It will cover understanding economic theories related to reward systems, competitive strategies for compensation, determining internal and external pay differentials, statutory provisions governing compensation, and working with wage boards and pay commissions. Key topics include components of compensation packages, strategic compensation systems, and practices of multinational corporations. Suggested readings provide additional resources on topics like salary administration, non-wage labor costs, rewarding performance, and wage administration.

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38 views

Hrm-304: Compensation Management: S. No. Topics No. of Lectures

The lecture plan outlines a 23 lecture course on compensation management. It will cover understanding economic theories related to reward systems, competitive strategies for compensation, determining internal and external pay differentials, statutory provisions governing compensation, and working with wage boards and pay commissions. Key topics include components of compensation packages, strategic compensation systems, and practices of multinational corporations. Suggested readings provide additional resources on topics like salary administration, non-wage labor costs, rewarding performance, and wage administration.

Uploaded by

kapiljangra25
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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HRM-304: COMPENSATION MANAGEMENT

THE LECTURE PLAN


S. No.
1.

2.
3.

TOPICS

Understanding of economic theory related to reward management


Competitive imperatives: productivity, quality, service, speed, learning,
Planning for improved competitiveness
Determination of inter and intra-industry compensation differentials
Internal and external equity in compensation systems,
compensation of chief executives, senior managers, R & D Staff, etc.
compensation practices of multinational corporations

No. of
Lectures
2
2
3
2
2
2

4.

Understanding different components of compensation packages,

5.

strategic compensation systems,

6.
7.

Statutory provisions governing different components of reward systems,


Working of different institutions related to reward system like wage
boards, pay commissions.

3
3

TOTAL LECTURES:

23

Suggested Readings
1. Armstrong, Michel and Murlis, Helen. Reward Management: A Handbook of
Salary Administration. London, Kegan Paul, 1988.
2. Bergess, Lenard R. Wage and Salary Administration. London, Charles E-Merril,
1984.
3. Capeman, George, Employees Share Ownership. New York, Kogan Page, 1991.
4. Hart, Robert A. Economics of Non-Wage Labour costs. London, George Aller
and Unwin, 1984.
5. Hendorson, Richard I. Compensation Management: Rewording Performance.
6th ed. Englewood Cliffs. Prentice Hall Inc. 1994.
6. Micton, Rock. Handbook of Wage and Salary Administration, 1984.

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