MBA III SEMESTER
FACULTY NAME - Dr. S. R. Dash, professor
COURSE
PAPER NAME Compensation
L T/P CREDIT INTERNAL MARKS
EXTERNAL MARKS
CODE MS
Management
3
3
40
60
225
METHODS OF TEACHING: PRIMARILY LECTURES AND ASSIGNMENTS
The Course would revolve around compensation management and its various facets. Assignments would involve
analysis of compensation management processes with case study to optimize the business organization working
process. Most of the session would start with the lecture, which in turn would lead to problem solving.
COURSE OBJECTIVE: To expose students to various processes of compensation management and applications
used in management systems.
Course would help students in

Understanding functional, tactical and strategic role of compensation management
understanding drivers of compensation management

LEARNING OUTCOME:

Develop an understanding of various intricacies of compensation management
 Develop capability to identify core issues of compensation management and its application

Develop an understanding of organization structure and process related issues involved in
compensation management
METHOD OF ASSESSMENT
(As Per G. G. S. I. P. University , New Delhi)
Sl. No
CRITERIA compensation management
Marks
1
Class Test - I
15
2
3
Class Test – II
(Individual Term Paper/Written Assignment/Project/Conduct of Practical
Individual Presentation/Viva-Voce/Group Discussion
15
10
LECTURE PLAN
Lecture No
Description
Pedagogy (Lecture,
Cases, Role Play,
Labs)
Planned hours
Remarks
1.
Introduction to Compensation:
Compensation Defined, Goals of
Compensation System,
Compensation Strategy Monetary &
Non-Monetary Rewards, Intrinsic
Rewards Cafeteria Style
Compensation, Fringe Benefits and
Supplementary Compensation
Lecture
3
Bergmann &
Thomas, J.
2.
Introduction
to
Compensation: Lecture
Compensation Defined, Goals of
Compensation System,
Compensation Strategy Monetary &
Non-Monetary
Rewards,
Intrinsic
Rewards Cafeteria Style
Compensation, Fringe Benefits and
Supplementary Compensation
3
Bergmann &
Thomas, J.
3.
Compensation for Workers: Wage Lecture
Theories, Evolution of Modern Day
Labor Force, Incentive
Plans,
ESOP’s,
EVA
Reward
Management in TNC’s, Discrimination in
Labor Market, Quality
in Labor Market.
3
Bergmann &
Thomas, J.
4.
Compensation for Workers: Wage Lecture
Theories, Evolution of Modern Day
Labor Force, Incentive
Plans,
ESOP’s,
EVA
Reward
Management in TNC’s, Discrimination in
Labor Market, Quality
in Labor Market.
3
Bergmann &
Thomas, J.
5.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
3
Bergmann &
Thomas, J.
6.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
3
7.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
2
8.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
2
Venkatratnam, C.S.
9.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
3
Venkatratnam, C.S.
10.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
3
Venkatratnam, C.S.
11.
Compensation for Chief Executives and Lecture
Other Employees: Guidelines of
Companies Act
Relating to CEO Compensation.
Different Components of Compensation
Package.
3
Venkatratnam, C.S.
12.
Job Evaluation” Job Description and Job Lecture
Specification: Job Analysis & Its Process,
Methods of Job Evaluation, Internal and
External Equity in Reward Management,
3
Venkatratnam, C.S.
Role of Wage
Board & Pay Commissions, International
Compensation,
Knowledge
Based
Compensation,
Team Compensation, Competency
Based Compensation
13.
Job Evaluation” Job Description and Job Lecture
Specification: Job Analysis & Its Process,
Methods of Job Evaluation, Internal and
External Equity in Reward Management,
Role of Wage
Board & Pay Commissions, International
Compensation,
Knowledge
Based
Compensation,
Team Compensation, Competency
Based Compensation
3
Venkatratnam, C.S.
14.
Job Evaluation” Job Description and Job Lecture
Specification: Job Analysis & Its Process,
Methods of Job Evaluation, Internal and
External Equity in Reward Management,
Role of Wage
Board & Pay Commissions, International
Compensation,
Knowledge
Based
Compensation,
Team Compensation, Competency
Based Compensation
3
Venkatratnam, C.S.
Text Books 1. Henderson, Richard I. (2004). Compensation Management: Rewarding Performance. Prentice
Hall of India Pvt. Ltd.
2. Bergmann & Thomas, J. (2003). Compensation Decision Making. Harcourt College
Publications.
Reference Books : 1. Micton, R. (2002). Handbook of Wage and Salary Administration. London.
2. Venkatratnam, C.S. (2002). Rethinking Rewards and Incentive Management. Excel Books.52
GURU GOBIND SINGH INDRAPRASTHA UNIVERSITY, DELHI
JOURNALS / MAGAZINES: ADDITIONAL INPUTS
1.
Vikalpa, Journal of IIM Ahmedabad
2.
Management Review, Publication of IIM Bangalore
3.
Decision, Journal of IIM Calcutta
4.
Indian Management, Journal of AIMA, New Delhi
5.
Harvard Business Review
6.
Various Business magazines such as Business India, Business Today, Business Standard