Compensation Management
Master of Business Administration (MBA - HR)Year I, Semester II | Course Title: Compensation Management-BAH 622 | Handout | | | |
March 2013 |
MASTER OF BUSINESS ADMINISTRATION: COURSE OUTLINE
1. IDENTIFYING INFORMATION:
Course Title: Compensation Management
Course Code: MBAH 622
Credit Hour: 2
Course Offered to: MBA I Year, II Semester (Regular)
Course Instructor: Dr.Aravind Soudikar
E-Mail: draravindrcr@gmail.com
2. COURSE DESCRIPTION:
This is an upper level human resource management course focusing on both the theories underlying direct compensation and reward systems in organizations, and the practical administrative practices used to implement such systems. Theories and models relevant to employee compensation from the sciences of economics, psychology, and sociology will be examined, particularly as they relate to certain personnel/human resource activities and outcomes including labor force attraction (recruitment), retention, occupational choice, job performance, and job satisfaction. Compensation management practices, including the analysis and evaluation of jobs, criteria and procedures for determining wage levels, individual wage determination, forms of pay, and incentive systems will be covered.
3. COURSE OBJECTIVES: * To educate the students on the theoretical foundations of reward and remuneration strategies in organizations. * To explain the students the issues in designing the reward systems, the methods and aims of different forms of payment systems; and * To enlighten the students about the performance based compensation. * To become familiar with how compensation surveys are conducted. * To understand job analysis and its relationship to compensation systems. * To understand the role of non-monetary compensation as part of the total compensation package. * To develop an appreciation for the complexity of managing compensation in organizations.
4. COURSE RATIONALE:
March 2013 |
MASTER OF BUSINESS ADMINISTRATION: COURSE OUTLINE
1. IDENTIFYING INFORMATION:
Course Title: Compensation Management
Course Code: MBAH 622
Credit Hour: 2
Course Offered to: MBA I Year, II Semester (Regular)
Course Instructor: Dr.Aravind Soudikar
E-Mail: draravindrcr@gmail.com
2. COURSE DESCRIPTION:
This is an upper level human resource management course focusing on both the theories underlying direct compensation and reward systems in organizations, and the practical administrative practices used to implement such systems. Theories and models relevant to employee compensation from the sciences of economics, psychology, and sociology will be examined, particularly as they relate to certain personnel/human resource activities and outcomes including labor force attraction (recruitment), retention, occupational choice, job performance, and job satisfaction. Compensation management practices, including the analysis and evaluation of jobs, criteria and procedures for determining wage levels, individual wage determination, forms of pay, and incentive systems will be covered.
3. COURSE OBJECTIVES: * To educate the students on the theoretical foundations of reward and remuneration strategies in organizations. * To explain the students the issues in designing the reward systems, the methods and aims of different forms of payment systems; and * To enlighten the students about the performance based compensation. * To become familiar with how compensation surveys are conducted. * To understand job analysis and its relationship to compensation systems. * To understand the role of non-monetary compensation as part of the total compensation package. * To develop an appreciation for the complexity of managing compensation in organizations.
4. COURSE RATIONALE: