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1 Reward Management Syllabus Unit Wise

This document outlines the units of a course on corporate compensation systems and practices. The course covers topics such as wage determination factors, job evaluation methods, wage structure development, compensation components like bonuses and benefits, wage incentives and linking pay to productivity, statutory provisions, and rewarding managers and women. Key theories on wages, concepts of equity, and behavioral aspects of employee compensation are discussed in the introductory unit. Case studies of compensation practices in India and other countries are also included.

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264 views1 page

1 Reward Management Syllabus Unit Wise

This document outlines the units of a course on corporate compensation systems and practices. The course covers topics such as wage determination factors, job evaluation methods, wage structure development, compensation components like bonuses and benefits, wage incentives and linking pay to productivity, statutory provisions, and rewarding managers and women. Key theories on wages, concepts of equity, and behavioral aspects of employee compensation are discussed in the introductory unit. Case studies of compensation practices in India and other countries are also included.

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vijayaraj88
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© Attribution Non-Commercial (BY-NC)
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Objective The course is designed to promote understanding of issues related to the reward or compensation system and practices of corporate

sector. UNIT-I Introduction - significance - behavioral aspects of employee compensation and concepts of equity - economic theories Wages policy - meaning - types - wage structure - wage differentials - wage levels wage policies decisions UNIT-II Wage determination - factors influencing wage fixation, job evaluation methods - job pricing - wage and salary surveys - rationalizing and developing wage structures. UNIT-III Components of pay - fringe benefits - house rent allowance - dearness allowance - money and real wages - consumer price index. Bonus - concept bonus regulations - negotiations with unions. UNIT-IV Wage incentives - wage and motivation - linking wages with productivity individual and group incentives - plant. Wide schemes - Scanlon Plan and other productivity gains sharing schemes - experience in India. UNIT-V Reward issues - statutory provision - institutions like wages boards and pay commissions - machinery for resolving disputes - compensative of managers domestic and multinational companies - rewarding women. Text and Reference Books 1. Narain, Laxmi: Managerial Compensation & Motivation in Public Enterprises, (Oxford Pub. House) 2. Sibson: Wages & Salaries, (American Management Association).

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