HR6.6 Compensation Management

7th July 2020 1 By indiafreenotes

Unit 1 Job Evaluation and Performance Appraisal {Book}

Job Evaluation

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Modern Technique of Job Design

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Job Design

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Factor affecting Job Design

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Performance Appraisal

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Performance Standards

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Methods of Performance Appraisal

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Unit 2 Compensation Management {Book}

Compensation

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Types of Compensation

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Fringe Benefits

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Unit 3 Wage and Salary Administration {Book}

Theories of Wages

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Wage Structure

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Wage Fixation

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Wage Payment

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Salary Administration

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Difference between Salary and Wages

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Basis for Compensation Fixation

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Components of wage: Basic Wages, D.A, incentives, Bonus, Fringe benefits etc.

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Time Rate Wages

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Efficiency Based Wages

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Incentive Scheme

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Effect of Various Labour Laws on Wages

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Preparation of Payroll

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Unit 4 Rewards and Incentives {Book}

Rewards for Sales Personnel

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Sales Personnel Pay, Commission

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Performance based pay System

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Incentives

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Executive Compensation Plan and Packages

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Unit 5 Regulatory body for Compensation Mangement {Book}

Wage Boards

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Pay Commission

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Compensation Management in Multinational Organizations

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