IGNOU MBA SYLLABUS AND CHAPTERS DETAILS

MS-27 Wage And Salary Administration

CONTENTS COVERED

Block- 1 Compensation- Concept And Context
Unit-1 Role of Compensation and Rewards in Organization
Unit-2 Economic and Behavioral Issues in Compensation
Unit-3 Framework of Compensation Policy
Block- 2 Legal Framework of Wage and Salary Administration
Unit-4 Wage Concepts and Definition of Wages under Various Labour Legislation
Unit-5 Constitutional Perspective, International Labour Standards, and Norms for Wage Determination
Unit-6 Law Relating to Payment of Wages and Bonus
Unit-7 Regulation of Minimum Wages and Equal Remuneration
Unit-8 Law Relating to Retiral Benefits
Block- 3 Compensation Structure And Differentials
Unit-9 Pay-Packet Composition
Unit-10 Institutional Mechanisms for Wage Determination
Unit-11 Job Evaluation and Internal Equity
Unit-12 External Equity and Pay Surveys
Block- 4 Reward System, Incentives And Pay Restructuring
Unit-13 Design of Performance Linked Reward System
Unit-14 Incentive for Blue and White Collars
Unit-15 Bonus, Profit, Sharing and Stock Options
Unit-16 Allowances and Benefits
Unit-17 Downsizing and Voluntary Retirement Scheme
Block- 5 Emerging Issues And Trends
Unit-18 Tax Planning
Unit-19 Comparative International Compensation
Unit-20 Overview of Future Trends In Compensation Management