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Compensation Management and Performance Management Special Paper 7

The document outlines a course on compensation and performance management. It covers topics like compensation structure, social security laws, performance management systems, and performance appraisal methods. The course aims to help students design rational compensation systems and analyze compensation problems in organizations.

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marlon foster
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74 views2 pages

Compensation Management and Performance Management Special Paper 7

The document outlines a course on compensation and performance management. It covers topics like compensation structure, social security laws, performance management systems, and performance appraisal methods. The course aims to help students design rational compensation systems and analyze compensation problems in organizations.

Uploaded by

marlon foster
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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COURSE TITLE Compensation Management and Performance Management

Paper Number
VII
(In case of Specialization)
Course Learning Outcomes:
On successful completion of the module students will be able to:
1. Recognize how pay decisions help the organization achieve a competitive advantage.
2. Analyze, integrate, and apply the knowledge to solve compensation related problems in
organizations.
3. Demonstrate comprehension by constructing a compensation system encompassing; internal
consistency, external competitiveness, employee contributions, organizational benefit systems, and
administration issues.
4. Design rational and contemporary compensation systems in modern organizations
Detailed syllabus
No. of
Unit CONTENTS OF THE COURSE
Lectures
1. Title of the Topic: Introduction to Compensation Management
1.1. Nature and Objectives of Compensation
1.2. Factors affecting Compensation Policy
1.3. Concept of Wages and Salary, Minimum Wages, Fair Wages and
Living Wages.
1.4. Understanding Elements of Compensation Structure
 Fixed Pay 16
 Variable Pay
 Cash Benefits
 Incentives
 Executive Compensation
 Stock Options
1.5. Understanding Salary Slip
2. Title of the Topic: Understanding the Basics of Social Security
2.1. Concept of Social Security : Laws relating to Social Security
 Introduction to Provident Fund
 Employees State Insurance
12
 Gratuity
 Superannuation
 Bonus
 Reward Systems
 Retirement
 VRS / Golden Handshake
2.2. Case Studies
3. Title of the Topic : Performance Management System
3.1. Introduction to Performance Management and Objectives of Performance
Management 12
3.2. Determinants of Performance
3.3. Diagnosing the causes of Poor Performance
3.4. Implementing Performance Management System
4. Title of the Topic: Performance Appraisal
4.1. Organizational uses of Performance Appraisal
4.2. Methods of Appraisal
 Traditional Methods and Modern Methods 14
4.3. Shift from Performance Appraisal to Potential Appraisal
4.4. Appraisal Interview and Follow up
4.5. Related Cases
Total Number of Lectures 54

Suggested Reference Books:


1. Compensation planning, George T Mulkovich& Jerry Newmann, McGraw Hill Publication
2. Compensation and reward management, B. D. Singh, Excel Publication
3. Aswathappa, K. (2001). Human resource & personal management (text & cases). New Delhi: Tata
McGraw-Hill.
4. Mamoria, C. B., & Gankar, S.V. (2002). Personal management (text & cases). New Delhi: Tata
McGraw-Hill.
5. Rao, T. V. (2015). Performance Management: Toward organizational excellence. Sage Publication.

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