Here you can download the free lecture Notes of MBA Compensations & Benefits Pdf Notes – CB Notes materials with multiple file links to download. MBA Compensations & Benefits pdf book starts with the topics covering Definition of Compensation, Definition of Internal Alignment, Job Analysis Data Collection Process, Determining External Competitiveness and Benefits Management, Performance Based Compensation System: Employee Contributions, Legal & Administrative Issues in Compensation, Global Compensation Recognizing Variations, etc.
Compensations & Benefits pdf notes – CB Notes of Total Modules
Please find the download links of Compensations & Benefits Notes pdf | CB Notes are listed below:
Compensations & Benefits pdf book module details
Module – 1
Introduction To Compensation:Definition of Compensation, The Pay Model, Strategic Pay Policies, Strategic Perspectives of Pay, Strategic Pay Decisions, Best Practices vs. Best Fit Options.
Module – 2
Defining Internal Alignment:Definition of Internal Alignment, Internal Pay Structures, Strategic Choices In Internal Alignment Design, Which Internal Structure Fits Best?
Module – 3
Job Analysis and Evaluation:Why Perform Job Analysis?, Job Analysis Procedures, Job Analysis Data Collection Process, Job Descriptions, Definition of Job Evaluation, Major Decisions In Job Evaluation, Job Evaluation Methods, Final Result – Pay Structure.
Module – 4
Determining External Competitiveness and Benefits Management: Competitiveness: Definition of Competitiveness, Pay Policy Alternatives, Wage Surveys, Interpreting Survey Results, Pay Policy Line, Pay Grades.
Benefits:Benefits Determination Process, Value of Benefits, Legally Required Benefits, Retirement, Medical, & Other Benefits.
Module – 5
Performance Based Compensation System: Employee Contributions: Pay For Performance (PFP): Rewarding Desired Behaviors, Does Compensation Motivate Performance?, Designing PFP Plans, Merit Pay/Variable Pay, Individual vs. Group Incentives, Long Term Incentives. Compensation of Special Groups: Who are Special Groups?, Compensation Strategies For Special Groups.
Module – 6
Legal & Administrative Issues in Compensation: Legal Issues, Pay Discrimination, Comparable Worth, Budgets and Administration.
Module – 7
Global Compensation: Recognizing Variations, Social Contract, Culture & Pay, Strategic Choices In Global Compensation, Comparing Systems, Expatriate Pay.
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Frequently Asked Questions:
Q1: What is compensation?
A1: Compensation which can also be called as ‘pay’ refers to all forms of tangible services, financial returns and benefits that each employees receive as part of an employment relationship. It is also known as Total Rewards. It can also be defined as an rewards earned by an employee in return for their work.
Q2: What are the different types of compensation?
A2: Different types of compensation are,
Q5: What are Pay techniques?