Introduction to Compensation

• Meaning Of Wage/ Compensation Payment
• Importance of wage payment
• Factors Influencing Wage And Salary Structure:
• Components Of Employee Remuneration:
• Wages And Salary
• Systems of wage payment
• Time Rate System
• Disadvantages of time rate system
• Piece Rate System
• Merits/ Advantages Of Piece Rate System
• Demerits/Limitation Of Piece Rate System
• Time Rate V/S Piece Rate Systems
• Introduction to Compensation Management

Introduction To Compensation Management

• Forms Of Compensation
• Macroeconomic Compensation
• Compensation and Organizational Strategy
• Skill Requirement and Organization Compensation
• Compensation System
• Determining Rates of Pay
• Compensation Strategy
• Microeconomic Factors
• Theories of Wages: A resume
• Demand And Supply Theory Of Wages
• Concepts Of Living, Minimum And Fair Wages
• Minimum Wage
• Living Wage
• Fair Wage
• Components Of A Compensation System

Job Evaluation

• Job Analysis
• Uses of Job Analysis
• Internal & External Equity
• Internal Equity
• External Equity
• Job Evaluation
• Some Principles of Job Evaluation
• Job Evaluation vs. Job Analysis
• Job Evaluation
• Ranking
• Job Classification

Reward Management in TNCS (Transnational Corporations)

• Remuneration And Benefits
• Transnational Corporations
• Reward Management
• Global Staffers
• Management
• The International Compensation Challenge

Compensation Strategy for Global Staffers

• Management Challenges Concerning International Benefits & Compensation
• Compensation of Chief Executives & Other Employees
• Compensation Comparison
• Historical Perspective: in India
• Present Compensation Trends
• Components CEO Compensation
• Features of Executive Compensation
• CEO Compensation
• Guidelines for CEO Compensation
• Company’ s Act 1956
• Managerial Remuneration & Companies Act 1956

Competency-Based Compensation Systems

• Compensable Factors
• Competency-Based System
• What are Competencies?
• Human Resource Professional
• Skill-Based Compensation System
• Appropriate Industries

Knowledge-Based Pay

• Using Pay-for-Learning Systems
• Real World Use of Pay-for-Learning Systems
• Team Based Compensation
• Design Considerations

The Payment of Bonus Act,1965

• Power of exemption
• Application of certain laws not barred
• Repeal And Saving

The Payment of Gratuity Act, 1972

• Administrative Machinery
• Responsibility of the Employees
• Penalty

Wage Determination

• Lecture Notes
• Wage Differentials
• Last Word: Are Chief Executive Officers (CEOs) Overpaid?

Employees Provident Fund

• Employees Provident Fund (EPF) Basics
• EPF Features
• EPF Forms
• UAN
• EPF Calculation and example
• Online EPF Submission
• EPFO Claim Status

ESI

• ESI Basics
• ESI Registration for Organization
• ESI and Wages
• ESI Contribution
• Online ESI Contribution Submission

Apply for Certification

https://www.vskills.in/certification/payroll-manager-certification