Introduction

• Objectives of compensation management
• Principles of compensation formulation
• Types of wages and wage policies
• Procedure and practices for wage determination
• Compensation decisions
• Compensation benchmarking
• Compensation trends and practices in India

Economic Theories

• Economic theories in compensation management
• Employee compensation valuation
• ESOPs and its pricing
• Equity in employee benefits
• Labour Markets and Trade Unions

Job design

• Job Design
• Job Analysis
• Job Description
• Job Evaluation and Assessment
• Work Measurement
• Management and Ergonomics

Performance-based compensation

• Performance Management System (PMS)
• Objectives and indicator of performance
• Developing performance standards
• Performance modeling techniques
• Performance dimensions and performance observation scales
• Competency-based pay

Team-based compensation

• Employee evaluation system
• Group incentive plans
• Gain-sharing plan
• Designing team-based compensation
• Issue in rewarding teams

Executive Compensation

• Theories and practices of executive compensation
• Components and design of executive compensation
• Factors affecting executive compensation
• Executive compensation criteria
• Techniques of performance measurement
• Organizational strategies

Employee Motivation and benefits

• Motivation and morale
• Theories of employee motivation
• Objectives of employee motivation
• Types of employee benefits
• Tax obligations
• Statutory employee benefits in India
• Employee benefits alternatives
• Non-monetary benefits
• Deferred compensation plan

Sales Compensation

• Sales functions
• Sales compensation plans and issues
• Sales compensation design and administration
• Sales incentives and motivation

Legal issues

• Compensation and Income Tax Act, 1961
• Tax implications
• Wage fixation and legal interpretation

Quantitative Tools for Compensation Management

• Variable Compensation plans
• Retirement plans
• Payroll management
• Incentive determination and employee benefits
• Group incentive payments
• Overtime wages
• Economic Value Added (EVA)
• Quantitative analysis

International Compensation Management

• Approaches to international compensation
• Components of international compensation
• Designing international compensation plans
• Concept of variation
• Cultural issues
• Repatriation issues

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