Performance & Compensation Management (MBA)

Performance management systems, appraisal methods, pay structure, incentives and employee benefits.

6 MonthsDuration 5Chapters22Topics

Enquire now

Syllabus · पाठ्यक्रम

Download PDF

01Unit 1: Performance Management 4 topics

Performance management vs performance appraisal
Performance management cycle: planning, monitoring, reviewing, rewarding
Goal setting: SMART goals, KRAs and KPIs
Competency-based performance management

02Unit 2: Performance Appraisal & Counselling 4 topics

Traditional methods: rating scale, ranking, paired comparison, forced distribution
Modern methods: BARS, MBO, 360-degree, assessment centre
Rater errors and their reduction
Performance counselling, feedback and PIP

03Unit 3: Compensation Concepts 5 topics

Meaning and objectives of compensation
Minimum, fair and living wage
Wage theories
Job evaluation and pay structure; broadbanding
Code on Wages 2019

04Unit 4: Incentives & Variable Pay 4 topics

Individual incentives: Taylor, Halsey, Rowan plans
Group incentives
Profit sharing and gain sharing (Scanlon, Rucker)
ESOPs and variable pay

05Unit 5: Benefits & Executive Compensation 5 topics

Fringe benefits and services
Statutory benefits: PF, ESI, gratuity, bonus, maternity
Code on Social Security 2020
Cost to company (CTC) and salary structuring
Executive compensation

About

You will be able to

Design a performance management cycle with SMART goals, KRAs and KPIs
Compare appraisal methods and reduce rater errors; conduct performance counselling
Explain wage concepts, job evaluation and the design of a pay structure
Calculate incentives under Halsey, Rowan and other plans
Explain statutory and voluntary benefits such as PF, ESI, gratuity and bonus
Discuss executive compensation, CTC and pay-for-performance

Who it is for

MBA students of Semester 3 (AKTU) - Human Resource specialisation
Students aiming at HR business partner, compensation and benefits and payroll roles

What you need

Human Resource Management (Semester 2) completed
Basic arithmetic and MS Excel

Questions

Which syllabus is followed?

The AKTU (Dr. A.P.J. Abdul Kalam Technical University, Lucknow) MBA syllabus of Performance & Compensation Management (Semester 3). If your own university's syllabus differs, the centre follows your university syllabus and units.

Are payroll calculations included?

Yes. Incentive plans, gratuity, bonus and CTC break-up are calculated with examples.

How will I be tested?

Unit-wise MCQ tests and a final paper at semester level, plus practice on short and long answer questions from previous university papers.