MODULE 1 PERFORMANCE MANAGEMENT
Definition, Objectives, Need for Appraisal, Essentials of performance appraisals and problems of performance appraisal, Methods of Performance Appraisal- Traditional and Modern Methods- Graphic Rating-Scale, Straight Ranking Method, Paired Comparison Method, Critical Incident Method, Group Appraisal, Confidential Methods, Behavioral Anchored Rating Scale (BARS), Assessment centers.
MODULE 2 WAGE & SALARY ADMINISTRATION
Nature and Scope, Compensation, wage determination process, Factors Influencing wage and Salary Administration. Wage – Theories of Wages, Types of wages – Time rate, piece rate, debt method, Wage differentials.
MODULE 3 PLANNING FOR IMPROVED COMPETITIVENESS
Diagnosis and Bench Marking, Obtaining Commitment; Determination of Inter and Intraindustry,
Compensation Differentials, Internal and External Equity in Compensation Systems.
MODULE 4 INCENTIVES AND FRINGE BENEFITS
Incentives – Def , Types of Incentives, Individual incentives : Measured day Work, Piece work, standard hour, Gain sharing, its advantages and disadvantages, Organisation Wide incentives – Scanlon Plan, Kaiser Plan, Profit sharing, Non-financial incentives, Fringe Benefits – Definition, Objectives, Types of Fringe Benefits
MODULE 5 INDIVIDUAL GROUP VARIABLE COMPENSATION
Pay for Performance, Pay by Seniority, Group Piece rate, Production sharing plan, Employee Profit sharing, Employee stock ownership, Gain Sharing
MODULE 6 INCENTIVES AND RETIREMENT PLANS
Basic Pay, Provisions for Dearness allowance- Calculation of total compensation package, various methods of compensating cost of living, Neutralization factors. Executive Compensation Plan, Retirement Plan
REFERENCE :-
1. B.D Singh - Compensation & Rewards management – Excel Books
2. Cynthia D Fisher –Human Resource Management -5th Edition-Biztantra.
3. A M Sharma – Aspects of Labour Welfare and Social Security - HPH
4. Lawrence Kleiman-Human Resource Management -3rd Edition-Biztantra
5. R.K Sahu – Performance management systems – Excel Books
Definition, Objectives, Need for Appraisal, Essentials of performance appraisals and problems of performance appraisal, Methods of Performance Appraisal- Traditional and Modern Methods- Graphic Rating-Scale, Straight Ranking Method, Paired Comparison Method, Critical Incident Method, Group Appraisal, Confidential Methods, Behavioral Anchored Rating Scale (BARS), Assessment centers.
MODULE 2 WAGE & SALARY ADMINISTRATION
Nature and Scope, Compensation, wage determination process, Factors Influencing wage and Salary Administration. Wage – Theories of Wages, Types of wages – Time rate, piece rate, debt method, Wage differentials.
MODULE 3 PLANNING FOR IMPROVED COMPETITIVENESS
Diagnosis and Bench Marking, Obtaining Commitment; Determination of Inter and Intraindustry,
Compensation Differentials, Internal and External Equity in Compensation Systems.
MODULE 4 INCENTIVES AND FRINGE BENEFITS
Incentives – Def , Types of Incentives, Individual incentives : Measured day Work, Piece work, standard hour, Gain sharing, its advantages and disadvantages, Organisation Wide incentives – Scanlon Plan, Kaiser Plan, Profit sharing, Non-financial incentives, Fringe Benefits – Definition, Objectives, Types of Fringe Benefits
MODULE 5 INDIVIDUAL GROUP VARIABLE COMPENSATION
Pay for Performance, Pay by Seniority, Group Piece rate, Production sharing plan, Employee Profit sharing, Employee stock ownership, Gain Sharing
MODULE 6 INCENTIVES AND RETIREMENT PLANS
Basic Pay, Provisions for Dearness allowance- Calculation of total compensation package, various methods of compensating cost of living, Neutralization factors. Executive Compensation Plan, Retirement Plan
REFERENCE :-
1. B.D Singh - Compensation & Rewards management – Excel Books
2. Cynthia D Fisher –Human Resource Management -5th Edition-Biztantra.
3. A M Sharma – Aspects of Labour Welfare and Social Security - HPH
4. Lawrence Kleiman-Human Resource Management -3rd Edition-Biztantra
5. R.K Sahu – Performance management systems – Excel Books
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