MMPH-007: COMPENSATION AND REWARDS MANAGEMENT

  1. Give a comprehensive view of compensation policy. Explain the micro and macro linkages of compensation policy.
  2. Explain various approaches in designing compensation. Chalk out various alternative system of compensation.
  3. Discuss the issues involved in compensation. Explain the ethical aspects of wage determinations.
  4. Identify the contents of “wage” under various Acts. Discuss the difficulties for not having a uniform definition of wages.
  5. Describe the concepts of allowances and fringe benefits citing examples.