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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
