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CORM-Q11
PGDM-HRM 2011-13: Term-IV

Course Name: Compensation and Reward Management
Credits 3
Faculty Name Prof. D.K. Bhattacharyya
Program PGDM-HRM
Academic Year and Term 2011-13, Term - IV

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

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3. Required Text Books and Reading Material

Compensation Management, Dipak Kumar Bhattacharyya, Oxford University Press, New Delhi, latest impression.

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

4. Tentative Session Plan
Session NumberTopics/ActivitiesReading/case list etc.
1 and 2 Introduction to Compensation and Reward Management Chapters-1, 2, and 3
3Compensation Management and Job Design Chapter-4
4 and 5 Performance related compensation Chapter-5
Case Study: Performance related Pay of Auto India Ltd.
6Team Based CompensationChapter-6
Case Study Talent Management of Enlarge
7 and 8Executive CompensationChapter-7
Case Study Executive Compensation Strategy in Fortune Furnitech
9Employee benefits and motivationChapters-8 and 9
10Sales Compensation PlanChapter-10
Case Study: Itachi’s Sales Compensation Plan runs into Conflict
11 and 12Legal and Taxation Issues on CompensationChapter-11
Exercises
13Strategic Compensation ManagementChapter-12
Compensation Initiatives of NewAge Technologies
14Quantitative Tools and Innovation in CompensationChapter - 13
15-do-Chapter-13 (continued)
16International CompensationChapter-14
Case Study: Differential pay Policy of Nita International
17, 18, 19, and 20 Presentations by Students on Case AssignmentsWill be given on Day 16th of the class.

5. Evaluation

· Case Studies (two written submission) 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: Debasis Mohanty on 05/17/2012 at 09:05 AM
Category: PGDM (HRM)-II Doctype: Document

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