1st Edition
Compensation and Reward Management Wage and Salary Administration and Benefits
This book presents a comprehensive account of the intricacies related to compensation and reward management in Indian organizations—a vital strategic feature of HR management. It presents a blend of theoretical concepts, definitions, approaches, methods and techniques related to compensation practices being followed/likely to be followed in organizations. Starting with a conceptual framework, it discusses wage determination and wage fixation practices in India, salary reviews and reward management policies, and processes and procedures, in addition to international remuneration with special reference to expatriates and the remuneration of third country nationals. In addition to examining the designing and monitoring of salary grade structures including salary progression curves, it spells out divergent systems and institutions for wage determination/wage fixation practices in Indian organizations.
Rich in pedagogical features, including learning objectives, discussion questions, individual and group activities, the volume also has numerous case studies. This book will be useful to students of human resource management, business economics, corporate finance, corporate governance, organizational studies, strategic management, finance, business and industry, public administration, social work and other allied fields.
1. Conceptual Framework 2. Compensation Management 3. Divergent Systems and Institutions Wage Determination in Practice in Indian Organizations (with Special Reference to Job Analysis and Job Evaluation) 4. Contingent Pay: Pay for Performance, Competence, Skill – I 5. Contingent Pay: Pay for Performance, Competence, Skill – II 6. Administering and Controlling Salary Costs and Salary Review 7. Designing and Operating Fringe Benefits and Services, and Internal Audit of Compensation and Benefits (I) 8. Designing and Operating Fringe Benefits and Services, and Internal Audit of Compensation and Benefits (II) 9. Designing and Operating Non-financial Benefits (Intrinsic and Relational Rewards) 10. Compensation and Reward Management Policy, Processes, Procedures and Some Other Issues 11. Tax Planning and the Income Tax Act, 1961 12. International Remuneration
Biography
R.C. Sharma is Founder Vice Chancellor of Amity University Gurugram (AUG) and Ex-Professor Emeritus, Amity Business School, AUG. Besides being honoured with the Lifetime Achievement Award, Dr Sharma has also been felicitated with several prestigious awards including a Gold Medal for securing a First Class in PGDPM (Kurukshetra University). Having more than five decades of experience in corporate, teaching and research, he has authored several textbooks in the area of management, the last two volumes being Industrial Relations and Labour Legislation in 2016 (PHI Learning) and Human Resource Management: Theory and Practice in 2018 in addition to around 200 research papers/articles already published in leading journals and periodicals. He has also been Editor-in-Chief of Amity Management Analyst, a very popular biannual journal, for more than a decade.
Sulabh Sharma is Head, Model Line Commuters; Senior General Manager, Research and Development, Centre for Innovation and Technology, Hero MotoCorp Limited; and Ex-Senior Vice President, Head—R&D, PP&IDS, QA, SS&SC, PE, Revolt Intellicorp. He has published around 20 research papers on HR-related topics in leading journals and has filed 10 design patents. He has over 27 years of rich hands-on cross-functional experience and has worked as a platform leader for more than 100 mobility models for NPD with some of the most known research centres of automotive giants and design houses spread across Asia (Japan and Thailand), Europe (Italy, Germany and Spain) and North America (the United States). He has also been trained by some of the best institutes and agencies in the field of design and project management, such as IIT Delhi, PMAC, Boston Consulting Group, Project Management Institute, FranklinCovey, Business Experts Network and Dale Carnegie to name a few.
