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Course Name: Compensation Management

Credits	2
Faculty Name	Prof. D.K. Bhattacharyya
Program	EMBA – Part Time

1. Course Description

Compensation and Reward Management as a specialization subject for HR students is very significant, because of its strategic importance. Compensation as a cost to the organizations, whether manufacturing or services, has to be managed strategically, else organizations may loose the competitive advantages. Apart from its effect on bottom-line, strategic management of compensation and rewards help the organizations to retain the talent, motivate employees, and gain their commitment and loyalty. Irrespective of the specialization, knowledge on compensation benefits the managers to effectively manage their profit/cost centres.

Keeping in view all these, this course has been designed to build capabilities of learners to become an efficient compensation and reward management expert, so that they can provide strategic solution to the organizational issues pertaining to compensation.

2. Student Learning Outcomes

After going through this course, students would be able to develop following skill-sets and knowledge base:

· Basic understanding of compensation and reward management issues
· Strategic understanding of compensation and reward management issues
· Effective compensation designing
· Using compensation management practices for talent acquisition, retention, employee motivation, loyalty and commitment.
· Understanding the international trend on compensation
· Understanding the research implications on compensation and reward management

3. Required Text Books and Reading Material

Compensation Management, Dipak Kumar Bhattacharyya, Oxford University Press, New Delhi, 2nd edition, 2014.

Supplemental reading materials, as may be required will be given time to time.

4. Tentative Session Plan

Session Number	Topics/Activities	Reading/case list etc.
1	Introduction to Compensation and Reward Management	Chapters-1 & 2
2	Employee benefits	Chapter-5
3	Compensation Management and Job Design	Chapter-7
4	Compensation Management and Job Evaluation	Chapter-8
5	Performance related compensation	Chapter-9 Exercises Case study: End of the chapter Auto India
6	Executive Compensation	Chapter-11 Case Study Executive Compensation Strategy in Fortune Furnitech
7	Sales Compensation Plan	Chapter-12 Exercises & Case Study: Itachi’s Sales Compensation Plan runs into Conflict
8	Managing Reward	Chapter-13 + Paper on R&R more holistic than C&B – CRB, Sage
9	Legal and Taxation Issues on Compensation and International Compensation	Chapter-14 and Chapter-17 Exercises
10	Case Study presentation by students	Case would be given in advance.

5. Evaluation

· MCQs (Two) 20
· Compensation Design Exercises 20
· Project Assignments 20
· Presentations 10
· End-term Examination 30

6. Academic Integrity

Students have to show highest level of academic integrity in writing their assignments, giving presentations, and answering to the exercises, including their end-term examination. Plagiarism, copying, etc, will be seriously viewed, and anybody found to be in this will be penalized, like; no grades, expulsion from the programme, repeating the programme, etc., depending on the nature of offense. Faculty will be available for on-line help also, as may be required by the students time to time. Personal meeting with the faculty, if required may be arranged with prior appointment.

Created By: Alora Kar on 02/14/2015 at 10:21 AM
Category: EDIP14-T-III Doctype: Document