WASA-H16

WASA-H16
MBA (HRM) 2016-18 : Term-III

WAGE & SALARY ADMINISTRATION

COURSE OUTLINE

Credits	2.0
Faculty Name	Dr. Narayan Chandra Sarangi & Dr. Girish Balasubramanian
Program	MBA-HRM
Academic Year & Term	2016-18, Term-III

1. Course Description:

Wage and salary administration is essentially the application of a systematic approach to the problem of ensuring that employees are paid in a logical, equitable and fair manner. The main objective of wage and salary administration is to establish and maintain an equitable wage and salary system. This is so because only a properly developed compensation system enables an employer to attract, obtain, retain and motivate people of required caliber and qualification in his/her organization.

The aim of this subject is to develop students’ understanding of the concepts of compensation and rewards in the organization. In particular, the subject is designed to develop the underpinning knowledge and skills required to understand the one of the complex management functions i.e. compensating employees and its importance. This subject introduces the student to the basic compensation structure and differentials. It familiarizes the students with the practice of various management techniques and it’s expected results like job evaluation etc.

2. Student Learning Outcomes:

The course will empower the students with knowledge base and skill-sets in order to understand the nuances of the wage and salary administration in a business setting. After completing the course students will be able to: · Demonstrate an understanding of the basics of wage and salary administration in a business setting.
· Identify and analyze the key issues related to wage and salary administration in a business setting.
3. Recommended Text-Book & Reading Materials:
# D K Bhattacharya- Compensation Management-[OUP]- Latest Edition
# Milkovich, Newman & Venkatarathan-Compensation-Special Indian Edn- [McGraw Hill]- Latest Edition (Reference book)

4. Tentative Session Plan

Serial No	Topics	Session Number*
1	Compensation - Compensation Responsibilities - Compensation System Design Issues - Compensation Philosophies - Compensation Approaches	1-3
2	Fringe Benefits- Strategic Compensation Planning- Development of Base Pay System- Compensation as a Retention Strategy	4-7
3	Wage Theories-Executive Compensation-Employee Stock Ownership Plans (Esop)-Compensation Management in Multi-National Companies (MNCs)	8-10
4	Introduction to Nature and Objectives of Job Evaluation-Introduction to Principles and Procedure of Job Evaluation Programs- Introduction to Basic Job Evaluation Methods- Introduction to Implementation of Evaluated Job- Introduction to Determinants of Incentives-Introduction to Classification of Rewards-Incentive Payments and its Objectives.	11-13

* Number of sessions is indicative and subject to change at the discretion of the faculty.

5. Evaluation:

Serial No	Type of evaluation	Marks
1	QUIZ	30*
2	Midterm	30
3	End-term Examination	40
4	Total	100

*Best of 2 out of 3 quizzes.
6. Academic Integrity:
Academic dishonesty, in whatever form, is destructive to the values of the University, and risks harming the University’s reputation as place of learning and innovation. Therefore, any form of academic dishonesty would be visited by strongest possible retribution including expulsion from the program or any other punishment, as deemed fit.

On line faculty help would be available from time to time. Individual consultations with the faculty can be arranged with prior appointment.
Created By: Bijoy Kar on 01/03/2017 at 12:16 PM
Category: Course Outlines-HRM-I Doctype: Document

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