Chapter 1
Foundations of Compensation
Concept, objectives, and components of compensation
medium • 1 min read
Theories of wages (Subsistence, Standard of Living, Marginal Productivity)
medium • 2 min read
Internal and external equity in compensation
medium • 3 min read
Role of Compensation in shaping employee behavior
medium • 4 min read
Legal framework of wage determination (Minimum Wages Act, Payment of Wages Act)
medium • 5 min read
Chapter 2
Job Evaluation and Wage Structure
Concept and importance of Job Evaluation
medium • 1 min read
Non-analytical methods (Ranking, Job Classification)
medium • 2 min read
Analytical methods (Point factor, Factor comparison)
medium • 3 min read
Designing pay structures and pay grades
medium • 4 min read
Broadbanding concept and application
medium • 5 min read
Chapter 3
Variable Pay and Incentives
Concept of pay-for-performance and variable pay
medium • 1 min read
Individual incentive plans (Piece rate, Halsey, Rowan, Taylor)
medium • 2 min read
Group and organizational incentive plans (Gain sharing, Profit sharing, ESOPs)
medium • 3 min read
Sales compensation structures
medium • 4 min read
Executive compensation components and design
medium • 5 min read
Chapter 4
Benefits and Services
Meaning, objectives, and classification of employee benefits
medium • 1 min read
Statutory benefits in India (PF, ESI, Gratuity, Maternity)
medium • 2 min read
Voluntary/Discretionary benefits
medium • 3 min read
Flexible benefit plans (Cafeteria approach)
medium • 4 min read
Cost containment strategies for benefits
medium • 5 min read
Chapter 5
Strategic Compensation Management
Aligning compensation with business strategy
medium • 1 min read
Total Rewards philosophy and components
medium • 2 min read
Expatriate compensation approaches (Balance sheet approach)
medium • 3 min read
Compensation surveys and market benchmarking
medium • 4 min read
Recent trends in reward management
medium • 5 min read