Dipak Kumar Bhattacharyya

Compensation Management

• Broschiertes Buch

Produktbeschreibung

The second edition of Compensation Management serves as a textbook for an introductory course on compensation management.

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Produktdetails

• Verlag: Hurst & Co.
• 2nd edition
• Seitenzahl: 472
• Erscheinungstermin: 19. Februar 2016
• Englisch
• Abmessung: 247mm x 187mm x 21mm
• Gewicht: 653g
• ISBN-13: 9780199456543
• ISBN-10: 0199456542
• Artikelnr.: 60324498

Autorenporträt

Dipak Kumar Bhattacharyya is presently Professor, Organizational Behaviour, Xavier Institute of Management, Bhubaneswar (XIMB). Earlier, he was the Dean of the Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata, and served as the Director of the Institute of Engineering & Management (IEM), Kolkata, and AIMA-CME, New Delhi. He was also a visiting professor at XLRI Jamshedpur. With more than fifteen years of professional experience and over twenty years of teaching experience, he is actively involved in research, training, and consulting activities. Dr Bhattacharyya has authored several books on HR and management along with over 100 articles and papers published in various journals of national and international repute.

Inhaltsangabe

* Preface
* 1: Chapter 1: Introduction to compensation management
* Compensation
* Payroll and Compensation
* Compensation and Talent Management
* Factors Influencing Compensation
* Principles of Compensation Formulation
* Determinants of Wage Rates
* Theories of Wage Determination
* Traditional Theory of Wage Determination
* Theory of Negotiated Wages
* Principles of Compensation Determination
* Types of Wages
* Minimum Rate of Wages
* Need-based Minimum Wage
* Living Wage
* Fair Wage
* Wage Boards
* Wage Policy
* National Wage Policy in India
* Cost to Company
* Base Pay Calculation
* Compensation Philosophy
* Significance of Employee Compensation
* Ethical Issues
* Bases for Compensation Ethics
* 2: Chapter 2: Compensation Management: The Indian Context
* Compensation Decisions
* Determinants of Compensation Decisions
* Principles for Compensation Decisions
* VIE Theory and Compensation
* Compensation Benchmarking
* Broad Band Pay Plan
* Components of Executive Compensation
* Compensation Trends in India
* Employee Reward System in India
* Elements of Employee Rewards in India
* Additions to Base Pay
* Employee Stock Options
* Aims of Employee Rewards in India
* Compensation Plan
* Compensation Practices in India
* Mistakes in Compensation Designing
* Appendix 2A Best PracticesFunctional Managers in HR/Finance
* Appendix 2B Best Practices Compensation in Call Centres
* 3: Chapter 3: Employee Compensation and the Labour Market
* Introduction
* Macroeconomics of Labour Markets
* Unemployment and its Impact on Labour Market
* Types of Unemployment
* Causes of Unemployment
* Costs of Unemployment
* Unemployment Rate
* Neoclassical Microeconomics of Labour Markets
* Internal Labour Market as an Institution
* Neoclassical Microeconomic ModelSupply
* Neoclassical Microeconomic ModelDemand
* Implications of Economic Models of Labour Markets on Employee
Compensation
* Criticisms of Labour Economics
* Labour Market Changes and Trade Unions
* Role of Trade Unions
* Trade Unions in India
* 4: Chapter 4: Economic Theories and Compensation Management
* Introduction
* Economic Theories
* Economic Theories and Employee Compensation
* Trade-offs and Employee Compensation
* Valuation of Employee Compensation
* Pricing of Employee Stock Options
* Regulatory Framework
* Legal Perspective
* BlackScholes Model
* Problem of Expensing
* Labour Markets and Employee Benefits
* Equity in Employment Benefits
* Econometric Application in Compensation Decisions
* Productivity-linked Employee Benefits
* Productivity
* Productivity Measurement
* Productivity Measurement for Knowledge Workers
* Productivity and Quality
* Employee Benefits and Productivity
* Organizational Level Data Support
* Productivity BargainingImpact on Remuneration
* 5: Chapter 5: Employee Benefits
* Introduction
* Non-monetary Benefits
* Tax Obligations on Employee Benefits
* Types of Employee Benefits
* Statutory Employee Benefits in India
* Deferred Compensation Plans
* Fringe Benefits
* Alternatives to Employee Benefits
* 6: Chapter 6: Employee Motivation and Compensation
* Introduction
* Related Concepts
* Objectives of Motivation
* Mechanism of Motivation
* Relationship between Motivation and Compensation
* Theories of Motivation
* Related Theories
* Motivation and Morale
* Motivational Research and Compensation Design
* Motivating Generation Y
* Compensation Practices for Talented Employees
* 7: Chapter 7: Compensation Management and Job Design
* Introduction
* Job Design
* Characteristics of Job Design
* Strategies and Techniques of Job Design
* Components of Job Design
* Job Information
* Job Analysis
* Considerations
* Methods of Analysis
* Questionnaires
* Assessment Centres
* Job Description
* Compensation Design through Compensable Factor
* Appendix 7A Job Analysis Data Sheet
* Appendix 7B Job Description
* 8: Chapter 8: Compensation Management and Job Evaluation
* Job Evaluation
* Job Evaluation Techniques
* Limitations of Job Evaluation
* Job Assessment
* Pricing Job Value
* Alternate Methods of Job Assessment
* Work Study
* Method Study
* Work Measurement
* Time Study
* Other Techniques
* Ergonomics
* Ergonomics and Work Study
* Ergonomics and Management
* Working Areas
* Motion Economy
* Human Engineering
* Value Analysis
* Competency-based Approach
* Appendix 8A Competency Framework Model
* 9: Chapter 9: Performance-related Compensation
* Introduction
* Compensation Management and PMS
* Performance-related Pay
* PRP in Indian Central Public Sector Enterprises (CPSEs)
* PRP Scenario in CPSEs
* Economic Value-added (EVA)Alternative Performance Measures
* Selection of Performance Objectives
* Selection of Performance Indicators
* Developing Performance Standards
* Developing a Performance Metric
* Effective Performance Modelling
* Customer-focused Metrics
* Effective PMS
* PMS and Organizational Strategy
* Various Dimensions of Performance
* Compensation Design Through Skill-based Programmes
* Competency-based Pay
* 10: Chapter 10: Team-based Compensation
* Introduction
* Team-based Compensation
* Employee Evaluation System
* Group Incentive Plans
* Gainsharing Plan
* Problems in Rewarding Teams
* Effective Design of Team-based Compensation
* Recent Trends in Team-based Compensation
* 11: Chapter 11: Executive Compensation
* Introduction
* Components of Executive Compensation
* Calibration of Executive Compensation to Performance
* Transparency in Executive Compensation
* Executive Compensation Theories
* Executive Compensation Design
* Use of Performance Criteria
* Context of Executive Compensation Design
* Relationship between Fixed and Variable Pay
* Performance Measurement in Executive Incentive Programmes
* Executive Compensation and Organizational Strategy
* Organization Level Practices
* Different Criteria of Executive Compensation
* Recent Studies on Executive Compensation
* Say on Pay
* 12: Chapter 12: Sales Compensation Plan
* Introduction
* Understanding the Sales Function
* Sales Compensation Issues
* Sales Goals
* Sales Compensation Plan
* Sales Compensation Design and Administration
* Designing Effective Sales Compensation Plan
* Components of Sales Compensation
* Sales Incentives and Motivation
* Contribution-based Sales Compensation
* Designing an Effective Sales Compensation Plan
* Top-down and Bottom-up Sales Quota
* Unique Sales Compensation Plan Model
* Industry Thumb Rules for Sales Compensation
* Relating Sales Compensation Plans with Organizational Life Cycle
* Sales Compensation Constructs
* 13: Chapter 13: Managing Rewards
* Introduction
* Definition and Concepts of Rewards
* Differences between Compensation and Rewards
* Benefits of Reward and Recognition Programme
* Total RewardsConcepts and Strategies
* Changing Views Toward Rewards
* Total Rewards StrategyHow it Benefits Organizations
* Rewards and Recognition Policy
* Ethical Issues in Rewards and Recognition
* 14: Chapter 14: Legal and Taxation Issues on Employee Compensation
* Introduction
* Wage Determination in Organized and Unorganized Sector
* Tax Implications of Compensation Compensation and the Income Tax Act
Perquisites
* Background
* Cost to Company
* Pay-at-risk
* Legal Interpretation of Wage Fixation
* Wage Fixation Through Collective Bargaining
* Collective Bargaining in India
* Appendix 14A Computation of Total Income (Structure)
* Appendix 14B Valuation of Prerequisites
* Appendix 14C CTC Computation
* 15: Chapter 15: Strategic Compensation Management
* Introduction
* Strategy
* Prescriptive Schools
* Descriptive Schools
* Compensation Design and Strategy
* Strategy Across Levels
* Tactics and Strategy
* Aligning Strategies to Transform People
* Strategic Planning
* Strategic Compensation Design
* Strategic Compensation Policies
* Strategic Compensation and Talent Issues in Global Hiring
* Appendix 15A Strategy and Action Plan
* 16: Chapter 16: Quantitative Tools and Innovation in Compensation
* Introduction
* Theoretical Discussions on Compensation
* Variable Compensation
* Variable Compensation Plans
* Retirement Plans
* Pension Plans 378 401(k) Plans
* Health and Welfare Plans
* Payroll Management
* Quantitative Analysis
* Levels of Measurement
* Scaling Techniques
* Alternate Techniques Employee Benefits
* Gratuity Computation
* Provident Fund
* Dearness Allowance (DA)
* Incentive Determination
* Straight Piece Rate Method
* Differential Piece Rate Methods
* Group Incentive Payment Practices in Organizations
* Overtime Wages
* Merit Matrices
* Economic Value-added (EVA)
* 17: Chapter 17: International Compensation Management
* Introduction 426
* International Compensation 427
* Cultural Issues 428
* Concept of Variation 429
* Components of International Compensation 429
* Expatriate and Repatriate Compensation 430
* Issues Related to Repatriation 431
* Foreigners Working in India and Related Statutory Compliances 433
* International Compensation Design 433
* Approaches to International Compensation 434
* Going-rate Approach 434
* Balance Sheet Approach 435
* International Compensation Strategies for Talent Engagement 436
* Index 441
* About the Author 447