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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: Strategic Compensation Planning at Google
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
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