Finance for HR Professionals & Compensation Management University of Mumbai BMS 5th Sem Notes

9th April 2020 1 By indiafreenotes

Last updated on April 7th, 2023 at 08:23 pm

Unit 1 Compensation Plans and HR Professionals {Book}
Meaning, Objectives of Compensation Plans	VIEW
Role of HR Professionals in Compensation Plans	VIEW
Types of Compensation: Financial and non-financial	VIEW
Factors Influencing Compensation	VIEW
Compensation Tools: Job based and Skill based	VIEW
Compensation Models: Distributive Justice Model, Labour Market Model	VIEW
Dimensions of Compensation	VIEW
3 Ps Compensation Concept	VIEW
Benefits of Compensation: Personal, Health and Safety, Welfare, Social Security	VIEW
Pay Structure: Meaning, Features, Factors	VIEW
Designing the Compensation System	VIEW
Compensation Scenario in India	VIEW

Unit 2 Incentives and Wages {Book}
Incentive Plans Meaning and Types	VIEW	VIEW
Piecework (Labour) Incentives		VIEW
Team Incentives		VIEW
Incentives for Executives and Managers		VIEW
Incentives for Salespeople		VIEW
Merit pay, Scanlon Pay, Profit Sharing Plan, ESOP, Gain Sharing		VIEW
Earning at Risk plan		VIEW
Technology and Incentives		VIEW
Prerequisites of an Effective Incentive System		VIEW
Wage Differentials Concepts		VIEW
Factors contributing to Wage Differentials		VIEW
Types of Wage Differentials		VIEW
Importance of Wage Differentials		VIEW
Elements of a Good Wage Plan		VIEW
Theories of Wages:
Subsistence Theory		VIEW
Wage Fund Theory		VIEW
Marginal Productivity Theory		VIEW
Residual Claimant Theory		VIEW
Bargaining Theory		VIEW

Unit 3 {Book}
Compensation for Special Groups: Team Based pay		VIEW
Remunerating Professionals		VIEW
Contract Employees		VIEW
Corporate Directors, CEOs, Expatriates and Executives	VIEW	VIEW
Human Resource Accounting Meaning, Features, Objectives and Methods		VIEW
Recent Trends:
Golden Parachutes		VIEW
e-Compensation		VIEW
Salary Progression Curve		VIEW
Competency and Skill based		VIEW
Broad banding and New Pay		VIEW
Cafeteria approach Features, Advantages and Disadvantages		VIEW

Unit 4 Legal Framework of Compensation in India: {Book}
Wage Policy in India	VIEW
Payment of Bonus Act 1965	VIEW
Equal Remuneration Act 1976	VIEW
Payment of Wages Act 1936	VIEW
Payment of Gratuity Act 1972	VIEW
Employee Compensation Act 1923	VIEW
Employees Provident Funds and Miscellaneous Provision Act 1952	VIEW
Pay Commissions	VIEW
Wage Boards Adjudication, Legal considerations, COBRA requirement	VIEW
Pay Restructuring in Mergers and Acquisitions	VIEW
Current Issues and Challenges in Compensation Management	VIEW
Ethics in Compensation Management	VIEW