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II : Designing Strategic Compensation Systems
1
Welcome
Authors
Syllabus
I : Foundations of Compensation Management
Core Concepts
2
Overview of Compensation Management
3
Importance of Compensation in Organizations
4
The Role of Compensation in Attracting, Retaining, and Motivating Employees
5
Types of Compensation
Theoretical and Contextual Framework
6
Conceptual Framework of Compensation Management
7
Theories of Wages
8
Institutional and Cultural Factors Influencing Compensation Practices
9
National Differences in Compensation
II : Designing Strategic Compensation Systems
Strategic Planning
10
Compensation Philosophies and Approaches
11
Strategic Compensation Planning for Competitive Advantage
System and Structure Design
12
Case Study
13
Job Evaluation Systems and Compensation Structure
14
Wage and Salary Surveys, Wage Curve, Pay Grades, Rate Ranges, Salary Matrix, and Fixing Pay
III : Performance Pay and Employee Benefits
Variable and Incentive Pay
15
Strategic Reasons for Incentive Plans
16
Administering Incentive Plans
17
Individual, Group, and Team Compensation
18
Employee Stock Ownership Plans (ESOPs)
19
Performance Measurement Issues, Incentive Application, and Globalization
Designing Benefit Packages
20
Nature and Types of Employee Benefits
21
Security Benefits, Retirement Security Benefits, Healthcare Benefits, Time-Off Benefits, Benefits Administration
22
Employee Benefits Required by Law
23
Discretionary Major Employee Benefits
24
Employee Services
25
Designing a Benefits Package
IV : Executive Compensation, Global Practices, and Future Trends
Executive and International Pay
26
Elements of Executive Compensation and Its Management
27
Executive Compensation in an International Context
28
International Compensation, Global Convergence of Compensation Practices
29
Pay for Performance for Global Employees
30
Employee Benefits Around the World
31
CEO Pay in a Global Context
Wage Determination and Administration
32
Principles of Wage and Salary Administration
33
Methods of Wage Determination in India
34
Internal and External Equity in Compensation Systems
35
Wage Administration in India, Wage Policy, Wage Boards, Pay Commissions
Future of Compensation
36
Beyond Compensation: Future Trends in Compensation Management
37
Emerging Trends and Future Directions in Compensation Management
38
Impact of Technology on Compensation Management: Automation, AI, and Data Analytics
39
Influence of Changing Workforce Demographics
40
Global Practices and Trends in Compensation
41
Sustainable and Ethical Compensation Strategies
42
Future Challenges and Innovative Compensation Models
Resources
References
II : Designing Strategic Compensation Systems
Module II · 5 Topics
Strategic Planning
9
Compensation Philosophies and Approaches
10
Strategic Compensation Planning for Competitive Advantage
System and Structure Design
11
Case Study
12
Job Evaluation Systems and Compensation Structure
13
Wage and Salary Surveys, Wage Curve, Pay Grades, Rate Ranges, Salary Matrix, and Fixing Pay
9
National Differences in Compensation
10
Compensation Philosophies and Approaches