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Table Of Contents

1.3 Objectives of Compensation Management
1.5 Types
Primary compensation
Time as a Basis form pay
The merits of the system
Following are the demerits of this system
Nominal and Real Wages:
How are wages determined?
Requisites of sound primary compensation structure
1. Internal Equity
Advantages of Job evaluation
2.External Competitiveness
3.Performance – based payment
Factors Affecting Wages
1.6 Job Evaluation
Objectives of Job Evaluation
Overcoming Anamolies
Problems in Job Evaluation
Operational Problems
PROCESS OF JOB EVALUATION
Job Analysis
Appointment of Committee for Job Evaluation
Training for Job Evaluation
Defining Criteria for Job Evaluation
Selecting Methods of Job Evaluation
Job Classification
1.7 METHODS OF JOB EVALUATION
Ranking Method
Merits
Demerits
Grading Method
Point Method
Factor Comparison Method
Foctors Job-based pay Skill-based pay
1.8 WAGE/SALARY DIFFERENTIALS
Industrial and Occupational Differentials
Organisational Differentials
Personal Differentials
Implications of Wage/Salary Differentials
Wage Structure
Minimum Wage
Living Wage
Fair Wage
METHODS OF WAGE PAYMENT
Time Wage Method
Merits of Time Wage:
Demerits of Time Wage:
Piece Wage Method
Merits of Piece Wage:
Demerits of Piece Wage:
Balance Method
EXECUTIVE COMPENSATION
Factors Affecting Executive Compensation
I. THEORIES OF WAGES
DEFINITION OF WAGES UNDER INDIAN STATUTES INDUSTRIAL DISPUTES ACT 1947
MINIMUM WAGES ACT
PAYMENT OF WAGES ACT
SUBSISTANCE THEORY OF WAGES - IRON LAW OF WAGES
SURPLUS VALUE THEORY
THE MARGINAL PRODUCTIVITY THEORY
Wage Theory advocated by Ricardo, David
Orthodox Labour Wage Theory
Institutionalism in Labour Markets
Monopsony and Bilateral Monopoly Models
Bilateral Monopoly
Lagged Short-run Labour Supply
The Cobweb Theory
Internal Labour Markets and Dual Labour Markets
Efficiency Wage Theories
Objective
5.1 Introduction
5.2 Packages
Compensation
Summary;
Related questions
Wage Boards
1.1 - INTRODUCTION
1.2 - THE OBJECTIVES OF WAGE BOARDS :
1.3 - GROWTH AND DEVELOPMENT OF WAGE BOARDS
Industries Covered
1.4 - COMPOSITION AND FUNCTIONS OF WAGE BOARDS
1.5 - WORKING OF THE WAGE BOARDS
1.6 - EVALUATION OF THE WAGE BOARDS
Remedies
1.7 – PAY COMMISSION
INTERNATIONAL COMPENSATION
Home Country of Employees
Attracting Individuals to a Foreign Work Site
Site Desirability:
Transfer Incentives:
4.7 - DEVELOPING A COMPENSATION PROGRAM FOR EXPATRIATES
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Published by Mala Singh

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Published by: Mala Singh on Jan 18, 2011
Copyright:Attribution Non-commercial

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11/12/2011

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