Compensation Management Pondicherry University Syllabus
UNIT-I
Job Evaluation – Definition – Traditional and new Techniques – Performance Appraisal – Basic concepts – Performance standard – Appraisal methods.
UNIT-II
Compensation – Definition – Classification – Types – incentives – fringe benefits.
UNIT-III
Theories of wages – wage structure – wage fixation – wage payment – salary administration.
UNIT IV
Rewards for sales personnel – pay – commission – pay and commission – performance based pay system – incentives – Executives compensation plan and packages.
UNIT-V
Wage Boards – Pay Commissions – Compensation Management in Multi-National organizations.