BMS: Finance for HR Professionals & Compensation Management

Unit 1 Compensation Plans and HR Professionals
Meaning, Objectives of Compensation PlansVIEW
Role of HR Professionals in Compensation PlansVIEW
Types of Compensation: Financial and non-financialVIEW
Factors Influencing CompensationVIEW
Compensation Tools: Job based and Skill basedVIEW
Compensation Models: Distributive Justice Model, Labour Market ModelVIEW
Dimensions of CompensationVIEW
3 Ps Compensation ConceptVIEW
Benefits of Compensation: Personal, Health and Safety, Welfare, Social SecurityVIEW
Pay Structure: Meaning, Features, FactorsVIEW
Designing the Compensation SystemVIEW
Compensation Scenario in IndiaVIEW
Unit 2 Incentives and Wages
Incentive Plans Meaning and TypesVIEW
Piecework (Labour) IncentivesVIEW
Team IncentivesVIEW
Incentives for Executives and ManagersVIEW
Incentives for SalespeopleVIEW
Merit pay, Scanlon Pay, Profit Sharing Plan, ESOP, Gain SharingVIEW
Earning at Risk planVIEW
Technology and IncentivesVIEW
Prerequisites of an Effective Incentive SystemVIEW
Wage Differentials ConceptsVIEW
Factors contributing to Wage DifferentialsVIEW
Types of Wage DifferentialsVIEW
Importance of Wage DifferentialsVIEW
Elements of a Good Wage PlanVIEW
Theories of Wages:
Subsistence TheoryVIEW
Wage Fund TheoryVIEW
Marginal Productivity TheoryVIEW
Residual Claimant TheoryVIEW
Bargaining TheoryVIEW
Unit 3
Compensation for Special Groups: Team Based payVIEW
Remunerating ProfessionalsVIEW
Contract EmployeesVIEW
Corporate Directors, CEOs, Expatriates and ExecutivesVIEW
Human Resource Accounting Meaning, Features, Objectives and MethodsVIEW
Recent Trends:
Golden ParachutesVIEW
e-CompensationVIEW
Salary Progression CurveVIEW
Competency and Skill basedVIEW
Broad banding and New PayVIEW
Cafeteria approach Features, Advantages and DisadvantagesVIEW
Unit 4 Legal Framework of Compensation in India
Wage Policy in IndiaVIEW
Payment of Bonus Act 1965VIEW
Equal Remuneration Act 1976VIEW
Payment of Wages Act 1936VIEW
Payment of Gratuity Act 1972VIEW
Employee Compensation Act 1923VIEW
Employees Provident Funds and Miscellaneous Provision Act 1952VIEW
Pay CommissionsVIEW
Wage Boards Adjudication, Legal considerations, COBRA requirementVIEW
Pay Restructuring in Mergers and AcquisitionsVIEW
Current Issues and Challenges in Compensation ManagementVIEW
Ethics in Compensation ManagementVIEW