You can find the complete guide, notes, lecture notes and textbook study materials on the MBA 4th Semester 2020 BOOKPDF. You can find other study materials whichever are relevant to your studies such as guides, textbooks, notes, lecture notes and similar study materials which will help you in your studies. The main important courses in the MBA are accounting, finance, marketing, human resources, operations as well as statistics. Below we have provided the PDF Format of 4th semester MBA Compensation Management requisite notes and other study materials.
Compensation Management 4th Semester MBA Notes
The Compensation talks about a various and generous range of financial as well as non-financial rewards which are given to the employees in a company, or an organization which is usually paid in the form of wages, salaries as well as employee benefits, etc. Payments of money as rewards are a direct form of compensation for the work that an employee does and are paid as paid leave, paid vacation, insurance maternity leave, free travel facility, retirement benefits, etc. This has a very motivating effect on the employees. Every system of compensation needs to be designed such that,
- The employees who are capable and eligible are attracted towards the company.
- Existing employees perform better by getting motivated.
- Reduces employee - turnover.
Study Materials BOOKPDF Compensation Management MBA 4th Semester
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- Chappra T.N. (2006) ESSENTIALS OF ORGANIZATIONAL BEHAVIOR, Dhanpat Rai and Company Delhi.
- Fisher, Cynthia D, Schoenfeldt Lyle F. Shaw James. B (2004) HUMAN RESOURCE MANAGEMENT, Biztantra, New Delhi p.543.
- Flippo, Edwin B. (1989), PERSONNEL MANAGEMENT, Mc-Graw-Hill, Tokyo.
- Gupta. C.B. (2005): HUMAN RESOURCE MANAGEMENT, Sultan Chand Publishers, New Delhi
- Khan, S.M. “EFFECT OF LIKING SYNDROME ON COMPENSATION NEED SATISFACTION” Indian Journal of Industrial Relations, 38 (2) Oct.2002, 199-210.
- Mathis, Robert L. and Jackson Jphn. H (2003), HUMAN RESOURCE MANAGEMENT, Thomson South Western, Australia
- Dewakar Goel, PERFORMANCE APPRAISAL, AND COMPENSATION MANAGEMENT, PHI Learning, New Delhi.
- Richard.I. Henderson, COMPENSATION MANAGEMENT IN A KNOWLEDGE-BASED WORLD, Prentice Hall India, New Delhi.
- Richard Thrope & Gill Homen, STRATEGIC REWARD SYSTEMS, Prentice Hall India, New Delhi.
- Michael Armstrong & Helen Murlis, HANDBOOK OF REWARD MANAGEMENT, Crust Publishing House.
- Bhatia S.K.(2003), NEW COMPENSATION MANAGEMENT IN CHANGING ENVIRONMENT, Deep and Deep, Publishers, New Delhi.
Syllabus of MBA Compensation Management 4th Semester
Unit – I
Compensation – Definition – Compensation Responsibilities – Compensation System Design Issues – Compensation Philosophies – Compensation Approaches
Unit – II
Compensation Classification – Types – Incentives – Fringe Benefits – Strategic Compensation Planning – Determining Compensation – The wage Mix – Development of Base Pay Systems – The Wage Curve – Pay Grades – Salary Matrix – Compensation as a Retention Strategy.
Unit – III
Theories of Wages – Wage Structure – Wage Fixation – Wage Payment – Salary Administration – Executive Compensation – Incentive Plans – Team Compensation – Gain Sharing Incentive Plan – Enterprise Incentive Plan – Profit Sharing Plan- ESOPs – Compensation Management in Multi-National organizations.
Unit – IV
Methods of Rewarding of Sales Personnel – Pay – Commission – Pay and Commission – Performance-Based Pay Systems – Incentives – Executive Compensation Plan and Packages – Perceptions of Pay Fairness – Legal Constraints on Pay Systems.
Unit – V
Wage Boards – Pay Commissions – Employee Benefits – Benefits Need Analysis – Funding Benefits – Benchmarking Benefit Schemes – Employee Benefit Programmes – Security Benefits – Creating a Work-Life Setting – Designing Benefit Packages
- How the act of social security laws of India works both in organized sectors and unorganized sectors of industry in India?
- Explain the different types of Social Security available in India.
- Define Employees Benefit Programme
- What are the reasons behind in offering the Employees Benefits Programme?
- What do you mean by social security? Discuss its importance and scope in the modern industry?
- Critically examine the options available to the organization to make effective work-life balance
- Discuss the steps in designing work-life balance
- What are the different misperceptions made these days by the employer about work-life balance?
- Enumerate the Government of India Initiatives on Social Security Benefits.
- Discuss the social security coverage in India and explain the advantages and disadvantages of this scheme.
- What are social security measures that have been initiated by the Government of India?
- Discuss the different components of Employee Benefit Programmes
- Critically examine the reason for the Growth of Employees Benefits
- Enumerate the steps in Planning and Designing of Employees Benefit Programmes
- Define employees benefit program and discuss the issues faced by the Employees Benefit Programme
- Explain the concept of social security and discuss its dynamic nature.
- Write a note on the following:
a) Objectives of Social security
b) Social assistance
c) Group Life Insurance
d) Retirement Benefits
- Define work-life balance
- What are the factors taken into consideration while designing work-life balance?
- Define work-life balance. What will be the impact if there is no work-life balance in the organization?
- Define social security benefits to employees
- Bring out the historical background of social security laws of India
- Define Wage board and critically examine the role of the wage board
- Critically examine the pay commission role in fixation of employees compensation over the period
- Enumerate the special features of six pay commission
- Six Pay Commission – Discuss the anomalies
- Why World Bank criticized the 6th pay commission of India