डॉ. बी. आर. अम्बेडकर विश्वविद्यालय दिल्ली 
| Course Type | Course Code | No. Of Credits |
|---|---|---|
| Foundation Elective | SBP2MB726 | 2 |
Semester and Year Offered: 4th Semester 2nd year
Course Coordinator and Team:
Email of course coordinator:
Pre-requisites: None
Aim: The course provides students with a sound conceptual understanding of the role that compensation and reward plays in managing people. The course deals with different theories and practices of reward and salary compensation. It discusses how to develop different systems of compensation and incentive schemes leading to employee motivation enhancing their contribution to organisational performance.
Course outcome:
- To acquaint the domain of compensation and reward system and factor affecting them
- Enable participants to determine compensation in any given situation
- Appreciate the role and importance of compensation as a reward system
- Able to coordinate compensation with other HR initiatives
Brief description of modules/ Main modules:
Unit 1: Context and Theories of compensation
Wage theories; Theories of motivation
Unit 2: Models of Compensation
Factors of compensation; Internal equity; External competitiveness
Unit 3: Compensation and Corporate Strategy
Organisational objective and compensation policy
Unit 4: Pay Structures
Purpose/ basis of criteria; Developing pay structures; Job family, graded pay structures and pay bands; Pay for performance; Benefits as compensation
Unit 5: Pay as Incentive Systems
Design incentive compensation package; Types of incentive: Individual vs. team based incentive schemes
Unit 6: Executive Compensation
Issues of executive compensation
Unit 7: Compensation and Budgeting
Tax, ESOPs
Assessment Details with weights:
| Nature of Assessment | Weight |
|---|---|
| Problem Solving Assignments | 30% |
| Mid Term Assessment | 30% |
| End Term Assessment | 40% |
Reading List:
- Armstrong, M. (2010). Armstrong’s Handbook of Reward Management, 3rd edition, Kogan Page
- Chingos, P.T. (2002). Paying for Performance, John Wiley and sons
- Milkovich, G., Newman, J. and Gerhart, B. (2014).Compensation, 11th Edition, McGraw Hill Higher Education
ADDITIONAL REFERENCE:
- Additional Cases and Readings / Articles are provided to the participants in form of a course manual as the commencement of the session.