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IGNOU: M.S. - 27 Wages & Salary Management

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Product Code: MS-27
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IGNOU: M.S. - 27 Wages & Salary Management

WAGE AND SALARY MANAGEMENT
 
COMPENSATION: CONCEPT AND CONTEXT
  • ROLE OF COMPENSATION AND REWARDS IN ORGANISATION
  • ECONOMIC AND BEHAVIOURAL ISSUES IN COMPENSATION
  • FRAMEWORK OF COMPENSATION POLICY
LEGAL FRAMEWORK OF WAGE AND SALARY ADMINISTRATION
  • WAGE CONCEPTS AND DEFINITION OF WAGES UNDER VARIOUS LABOUR LEGISLATION
  • CONSTITUTIONAL PERSPECTIVE, INTERNATIONAL LABOUR STANDARDS, AND NORMS FOR WAGE DETERMINATION  
  • LAW RELATING TO PAYMENT OF WAGES AND BONUS
  • REGULATION OF MINIMUM WAGES AND EQUAL REMUNERATION
  • LAW RELATING TO RETIRAL BENEFITS
COMPENSATION STRUCTURE AND DIFFERENTIALS
  • PAY-PACKET COMPOSITION
  • INSTITUTIONAL MECHANISMS FOR WAGE DETERMINATION
  • JOB EVALUATION AND INTERNAL EQUITY
  • EXTERNAL EQUITY AND PAY SURVEYS
REWARD SYSTEM, INCENTIVES AND PAY RESTRUCTURING
  • DESIGN OF PERFORMANCE-LINKED REWARD SYSTEM
  • INCENTIVES FOR BLUE AND WHITE COLLARS
  • BONUS, PROFIT SHARING AND STOCK OPTIONS
  • ALLOWANCES AND BENEFITS
  • DOWNSIZING AND VOLUNTARY RETIREMENT SCHEME
EMERGING ISSUES AND TRENDS
  • TAX PLANNING
  • COMPARATIVE INTERNATIONAL COMPENSATION
  • OVERVIEW OF FUTURE TRENDS IN COMPENSATION MANAGEMENT

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