Last updated on April 7th, 2023 at 08:23 pm
Unit 1 Compensation Plans and HR Professionals {Book}
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Meaning, Objectives of Compensation Plans |
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Role of HR Professionals in Compensation Plans |
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Types of Compensation: Financial and non-financial |
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Factors Influencing Compensation |
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Compensation Tools: Job based and Skill based |
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Compensation Models: Distributive Justice Model, Labour Market Model |
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Dimensions of Compensation |
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3 Ps Compensation Concept |
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Benefits of Compensation: Personal, Health and Safety, Welfare, Social Security |
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Pay Structure: Meaning, Features, Factors |
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Designing the Compensation System |
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Compensation Scenario in India |
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Unit 2 Incentives and Wages {Book} |
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Incentive Plans Meaning and Types |
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Piecework (Labour) Incentives |
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Team Incentives |
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Incentives for Executives and Managers |
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Incentives for Salespeople |
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Merit pay, Scanlon Pay, Profit Sharing Plan, ESOP, Gain Sharing |
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Earning at Risk plan |
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Technology and Incentives |
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Prerequisites of an Effective Incentive System |
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Wage Differentials Concepts |
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Factors contributing to Wage Differentials |
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Types of Wage Differentials |
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Importance of Wage Differentials |
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Elements of a Good Wage Plan |
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Theories of Wages: |
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Subsistence Theory |
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Wage Fund Theory |
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Marginal Productivity Theory |
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Residual Claimant Theory |
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Bargaining Theory |
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Unit 3 {Book} |
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Compensation for Special Groups: Team Based pay |
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Remunerating Professionals |
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Contract Employees |
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Corporate Directors, CEOs, Expatriates and Executives |
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Human Resource Accounting Meaning, Features, Objectives and Methods |
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Recent Trends: |
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Golden Parachutes |
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e-Compensation |
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Salary Progression Curve |
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Competency and Skill based |
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Broad banding and New Pay |
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Cafeteria approach Features, Advantages and Disadvantages |
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Unit 4 Legal Framework of Compensation in India: {Book} |
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Wage Policy in India |
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Payment of Bonus Act 1965 |
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Equal Remuneration Act 1976 |
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Payment of Wages Act 1936 |
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Payment of Gratuity Act 1972 |
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Employee Compensation Act 1923 |
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Employees Provident Funds and Miscellaneous Provision Act 1952 |
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Pay Commissions |
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Wage Boards Adjudication, Legal considerations, COBRA requirement |
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Pay Restructuring in Mergers and Acquisitions |
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Current Issues and Challenges in Compensation Management |
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Ethics in Compensation Management |
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