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