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COMPENSATION MANAGEMENT - EIILM University

COMPENSATION Subject: COMPENSATION MANAGEMENT Credit: 4 SYLLABUS Objectives of COMPENSATION Introduction to COMPENSATION and Rewards; Objective of COMPENSATION and Rewards; Introduction to Framework of COMPENSATION Policy; Labor market characteristics and pay relatives Wage Determination: Introduction to COMPENSATION , Rewards, Wage Levels and Wage Structures; Introduction to Wage Determination Process and Wage Administration rules; Introduction to Factors Influencing Wage and Salary Structure and Principles of Wage and Salaries Administration; Introduction to the Theory of Wages: Introduction to Minimum, Fair and Living Wage Wage Deferential Introduction to Minimum Wages; Introduction to Basic Kinds of Wage Plans; Introduction to Wage Differentials & Elements of a Good Wage Plans; Introduction to Institutional Mechanisms for Wage Determination Executive COMPENSATION Legalistic Framework for Wage Determination; Introductio

about the recent trends in the area. COMPENSATION MANAGEMENT (BBA) COURSE OVERVIEW The students on completion of the course shall develop the ... From individual standpoint -remuneration is a major source of an individual’s purchasing power. It determines his or her status, prestige & worth in society. ...

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