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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 Differ

The factors affecting the determination of equitable compensation are many, varied and complex. ... Morale and job satisfaction are affected by compensation. Often there is a balance (equity) that must be reached between the ... Employee compensation refers …

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