Connected successfully Syllabus || SNS Courseware
Subject Details
Dept     : MBA
Sem      : 3
Regul    : 2023
Faculty : Ms.S.Beena Devi
phone  : 9940841517
E-mail  : beenadevi.s.mba@snsct.org
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Syllabus

UNIT
1
Introduction

Introduction to Compensation and Reward Systems, Concepts and Definitions - Definition of Compensation and Rewards - Objectives of a Compensation System, Components of a Compensation System - Direct and Indirect Compensation - Fixed and Variable Pay-Theoretical Foundations - Equity Theory, Expectancy Theory. CTC Tool Exercise.

UNIT
2
JOB EVALUATION AND PAY STRUCTURES

Job Analysis and Job Evaluation - Methods of Job Analysis - Job Evaluation Techniques, Pay Structures - Designing Pay Structures, Internal and External Equity - Pay Surveys and Market Pricing -Conducting Pay Surveys, Benchmarking and Competitive Pay Analysis, Managing Compensation: Strategic Compensation Planning, Determining Compensation - The Wage Mix, Minimum Wage - ESI Calculation

UNIT
3
STANDARD INCENTIVE PLANS

Variable Pay and Executive Compensation: Strategic Reasons for Incentive Plans, Administering Incentive Plans, Individual Incentive Plans - Piecework, Standard Hour Plan, Bonuses, Merit Pay, Group Incentive Plans - Team Compensation, Gain Sharing Incentive Plans, Enterprise Incentive Plans - Profit Sharing Plans, Stock Options, Severance pay

UNIT
4
MANAGING EMPLOYEE BENEFITS

Managing Employee Benefits: Benefits- Meaning, Strategic Perspectives on Benefits-Goals for Benefits, Benefits Need Analysis, Funding Benefits, Benchmarking Benefit Schemes, Nature and Types of Benefits, Recognition Programs - Security Benefits, Retirement Security Benefits, Health Care Benefits, Time-Off Benefits, Benefits Administration, Work- Life Balance Initiatives. - Infosys Case Study

UNIT
5
STRATEGIC COMPENSATION AND GLOBAL CONSIDERATIONS

Strategic Compensation - Aligning Compensation With Business Strategy, Total Rewards Strategy - Global Compensation Systems -Managing Compensation in Multinational Companies, Expatriate Compensation, Employee Benefits Required By Law, Discretionary Major Employee Benefits, Creating a Work Life Setting, Employee Services- Global Designing a Benefits Package

Reference Book:

1. Armstrong, M. (2020). Rewards Management: A Handbook of Remuneration Strategy and Practice (6thed.). Kogan Page. 2. Cokins, G. (2017). Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics (3rd ed.). Wiley. 3. Berger, L. A., & Berger, D. R. (2015). The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design (6th ed.). McGraw-Hill Education. 4. Thorpe, R., & Homan, G. (20018). Strategic Reward Systems: Aligning Rewards with Employee Performance (7th ed.). Routledge. 5. Schuster, J. R., & Zingheim, P. K. (2016). The New Pay: Linking Employee and Organizational Performance (9th ed.). Wiley.)

Text Book:

1 Milkovich, G. T., & Newman, J. M. (2020). Compensation (13th ed.). McGraw-Hill Education. 2. Martocchio, J. J. (2021). Strategic Compensation: A Human Resource Management Approach (9th ed.).Pearson