Module
Program
Term
Credits
:
:
:
:
Performance and Compensation Management (HR-4)
MBA IV
IV
3
Student Learning:
Learning
Contact
Presentation
Assessment
Total
Hours
35
15
10
75
Aim & Objectives
Performance appraisal and management is the essence of individual and organizational
growth. Likewise management of compensation is one of the most important and strategic
aspect of human resource management. However, performance management and
compensation management are interlinked. The module aims at providing an integrated
approach to performance and compensation management.
On completion of this module the student will be able






To orient the students with the concepts related to performance appraisal.
To facilitate learning related to performance management for employees.
To Help students understand the importance of performance in organizations
To Design and implement employee performance management system
To Provide an insight into the concept of reward and recognition in work organizations
To Provide insight into various compensation policies and practices
Teaching/Learning Approach
Students will learn through a combination of face-to-face contact and guided study. Personal
contact sessions will include Presentations, case studies, self evaluation exercises, classroom
discussion and management games. Guided study will include text readings and articles on
contemporary issues in organization. Additional material will also be emailed by presenters.
Guided Study
Guided study will include text readings, articles on contemporary issues in organization,
assignments, case analysis and power point presentations.
Assessment
Assessment of the student will be based on mid-term and end term examination and
continuous assessment subject to class participation, assignments and presentations.
Indicative Content
Topic
Coverage
Performance
management


No. of
lectures
Present
ations
Case
Study
Objective, Principles and importance
of performance management system
Performance Management Process
5
Performance
appraisal
systems



Employee
Compensation
Executive
Compensation
Pay for
Performance
Concept and Scope
Modern methods of performance
appraisal- Management by Objectives,
360 Degree
Balance Scores Card- Importance and
key perspectives
Compensation
 Challenges
 Scope & importance of employees
compensation
 Factors
influencing
employee
compensation management
 Employee compensation:
 Legal Perspective (Indian scenario)
 Components of a sound Employee
compensation policy





Executive compensation:
Nature, scope and Importance
challenges
Models of Executive compensation
Components
of
Executive
Compensation package
 Review and restructuring of executive
compensation plan
 Role of appraisal in rewarding
performance
 Strategic compensation- pay for
performance
programmes-Stock
options and executive reward systems
8
8
8
6
Study Resources
1. Rao T. V., Apraising and developing managerial performance, excel books, 1999
2. Rao T. V., Vijaylakshmi, M, Raju Rao, 360 * feedback and performance
management system, excel books, 2000
3. Rao T. V. , Performance appraisal, excel books
4. Robert Bacal, performance management, Mc Grawhill, 1999
5. Michael Armstrong, performance management- key strategies and practical
guidelines, Kogan page ltd.
6. Tapomay Deb, performance appraisal and management, excel books
7. Deepak kumar Bhattacharya, Compensation Management, Oxford university press.
8. Dewakar Goel, Performance Appraisal & Compensation management, PHI
9. Soumendra Narain Bagchi, Performance management, Cengage Learning
10. Dr. kanchan Bhatia, Compensation management, Himalaya Publishing House.
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