Compensation Benefits Mgmt

1. SRM INSTITUTE OF SCIENCE AND TECHNOLOGY
(VDP CAMPUS)
MB20HR03 COMPENSATION AND BENEFITS MANAGEMENT
BY
DR.V.SUGANYA
DEPARTMENT OF MANAGEMENT STUDIES

2. COURSE OBJECTIVES
•TO COMPREHEND AND ANALYSE THE COMPONENTS OF
COMPENSATION,
•TO FOCUS ON DESIGNING A PACKAGE THAT PLEASES ALL
THE STAKEHOLDERS OF THE ORGANIZATION.

3. UNIT I
•COMPENSATION MANAGEMENT AN INTRODUCTION TO
COMPENSATION MANAGEMENT, THEORIES OF
COMPENSATION MANAGEMENT, 3–P CONCEPT IN
COMPENSATION MANAGEMENT, STRATEGIC COMPENSATION
MANAGEMENT, STRATEGIC AND TACTICAL COMPENSATION
ISSUES.

4. UNIT II
•JOB DESIGN, JOB EVALUATION AND COMPENSATION
STRUCTURES JOB ANALYSIS & DESIGN, JOB EVALUATION
AND METHODS, UNDERSTANDING MARKET PAY AND
BENCHMARKING, BASE PAY, PERFORMANCE BASED PAY,
COMPETENCY BASED PAY AND TEAM BASED PAY.

5. UNIT III
•BENEFITS AND SERVICES EMPLOYEE BENEFITS, LONG–
TERM AND SHORT–TERM BENEFITS, ADMINISTRATION OF
BENEFITS AND THE INFLUENCING FACTORS, EMPLOYEE
WELFARE AND SERVICES,

6. UNIT IV
•LEGALIZATION AND COMPENSATION THE LEGISLATIVE
PROCESS – PAYMENT OF WAGES ACT 1936, EMPLOYEES
INSURANCE ACT 1948, WORKERS COMPENSATION ACT
1923, EMPLOYEES PROVIDENT FUND ACT 1952

7. UNIT V
•EXECUTIVE AND INTERNATIONAL COMPENSATION
EXECUTIVE COMPENSATION – CONCEPTS AND
ELEMENTS, QUANTITATIVE TOOLS, EXPATRIATE
COMPENSATION AND ITS OBJECTIVES, ELEMENTS OF
EXPATRIATE’S COMPENSATION PACKAGE, LAWS
RELATING COMPENSATION.

8. LEARNING RESOURCES
• 1. COMPENSATION MANAGEMENT– BY DIPAK KUMAR BHATTACHARYYA
• 2. COMPENSATION MANAGEMENT IN A KNOWLEDGE – BASED WORLD 10TH
EDITION (ENGLISH, PAPERBACK, RICHARD I. HENDERSON), PEARSON
• 3. COMPENSATION MANAGEMENT 2ND EDITION (ENGLISH, PAPERBACK, DIPAK
KUMAR BHATTACHARYYA), OXFORD