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IGNOU MS-27 Code Details
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University
IGNOU (Indira Gandhi National Open University)
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Title
Wage and Salary Administration
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Language(s)
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Code
MS-27
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Subject
Human Resource Management
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Degree(s)
MBA (MS)
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Course
Core Courses (CC)
IGNOU MS-27 English Topics Covered
Block 1 - Compensation - Concept and Context
- Unit 1 - Role of Compensation and Rewards in Organisation
- Unit 2 - Economic and Behavioural Issues in Compensation
- Unit 3 - Framework of Compensation Policy
Block 2 - Legal Framework of Wage and Salary Administration
- Unit 1 - Wage Concepts and Definition of Wages Under Various Labour Legislation
- Unit 2 - Constitutional Perspective, International Labour Standards, and Norms for Wage Determination
- Unit 3 - Law Relating to Payment of Wages and Bonus
- Unit 4 - Regulation of Minimum Wages and Equal Remuneration
- Unit 5 - Law Relating to Retrial Benefits
Block 3 - Compensation Structure and Differentials
- Unit 1 - Pay-Packet Composition
- Unit 2 - Institutional Mechanisms for Wage Determination
- Unit 3 - Job Evaluation and Internal Equity
- Unit 4 - External Equity and Pay Surveys
Block 4 - Reward System, Incentives and Pay Restructuring
- Unit 1 - Design of Performance Linked Reward System
- Unit 2 - Incentives for Blue and White Collars
- Unit 3 - Bonus Profit Sharing and Stock Options
- Unit 4 - Allowances and Benefits
- Unit 5 - Downsizing and Voluntary Retirement Scheme
Block 5 - Emerging Issues and Trades
- Unit 1 - Tax Planning
- Unit 2 - Comparative International Compensation
- Unit 3 - Overview of Future Trends in Compensation Management
IGNOU MS-27 (July 2024 - January 2025) Assignment Questions
Q1. Visit a manufacturing unit nearby you and explain the framework of compensation policy there.
Q2. Discuss the role of ILO in Wage Fixing Machinery. State the wage fixation principles applied in public and private sector.
Q3. Prepare the job description of three key mid-level managerial positions of IT Company.
Q4. Explain the different types of groups as well as individual incentive plan of any marketing firm located near you and explain how it is different from manufacturing firm.
Q5. Suppose your organisation is recently completed compensation survey showed that pay rates of several jobs were either less than what they should be. How do you bring these jobs “into line”?
IGNOU MS-27 (July 2023 - January 2024) Assignment Questions
1. What are the public policy considerations in wage policies? State the practical difficulties, if any, translating the lofty ideals into action.
2. Discuss the role played by the International Labour Organisation on the following:
(i) Wage Fixing Machinery
(ii) Protection of Wages
(iii) Equal pay for equal work.
3. (i) What do you understand by the concept of wages; explain the concept of basic wage through examples?
(ii) Why dearness allowance is an integral part of pay packet, explain how is it administered?
4. "Suppose your organisation's recently completed compensation survey showed that pay rates of several jobs were either less than what they should be. How do you bring these jobs "into line"?
5. What are different methods for conducting wage surveys? Explain any two citing examples.
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