MS-27 : WAGE AND SALARY ADMINISTRATION |
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BLOCK |
UNIT NOs. |
UNIT TITLE |
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I |
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COMPENSATION — CONCEPT AND CONTEXT |
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1
2
3 |
Role of Compensation and Rewards in Organisation
Economic and Behavioural Issues in Compensation
Framework of Compensation Policy |
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II |
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LEGAL FRAMEWORK OF WAGE AND SALARY ADMINISTRATION |
4
5
6
7
8 |
Wage Concepts and Definition of Wages Under Various Labour Legislation
Constitutional Perspective, International Labour Standards, and Norms for Wage Determination
Law relating to Payment of Wages and Bonus
Regulation of Minimum Wages and Equal Remuneration
Law Relating to Retiral Benefits |
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III |
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COMPENSATION STRUCTURE AND DIFFERENTIALS |
9
10
11
12 |
Pay Packet Composition
Institutional Mechanism for
Wage Determination
Job Evaluation and Internal Equity
External Equity and Pay Surveys |
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IV |
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REWARD SYSTEM, INCENTIVES AND PAY RESTRUCTURING |
13
14
15
16
17 |
Design of Performance-linked Reward System
Incentives for Blue and White Collars
Bonus, Profit Sharing and Stock Options
Allowances and Benefits
Downsizing and Voluntary Retirement Scheme |
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V |
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EMERGING ISSUES AND TRENDS |
18
19
20 |
Tax Planning
Comparative International Compensation
Overview of Future Trends in Compensation Management |
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