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MBA _compulsory III &IV_ - 58 -

Dr. Babasaheb Ambedkar Marathwada University Aurangabad

   Revised Course Structure for Master in Business Administration

June 2009

MBA Semester IV     Specialization: - Human Resource Management

Elective OP406C: COMPENSATION MANAGEMENT

Wages and Salaries determination - Difference between salary and wages - Basis for compensation fixation - Preparation of Pay Roll

Components of wages - Basic Wages - Overtime Wages - Dearness Allowance - Basis for calculation - Time Rate Wages and Efficiency Based Wages - Incentive Schemes - Individual Bonus Schemes - Halsey, Halsey Weir, Rowan - Group Bonus Schemes - Effect of various labour laws on wages

Components of salary - Effect of various industrial laws on salary

Other Benefits - Subsidized Transport - Subsidized food in canteen, Non-monetary Incentives

Calculation of Income Tax implications while calculating the income of an individual - Cost to the Company - Valuation of Perquisites - Taxability of various components of salary and wages like Allowances, Gratuity, Leave Encashment, Receipts on Voluntary Retirement Scheme, Leave Travel Assistance, Medical Reimbursement, Employees' Stock Option Scheme - Fixation of Tax Liability - Tax deduction at source - Deductions and Tax Rebates to be considered while deciding tax deducted at source - Tax Deduction Certificates

Books Recommended:-

1.

Milkovich, Compensation, SIE, Tata Mc Graw Hill Edition, 9780070151581

2.

George Mikovich, Compensation, McGraw Hill 9th Edition 2008

3.

B.D. Singh, Compensation, & Reward Management, Excel Books, 2007

4.

SUbhashesh Bhattachary, Compensation management concept & current practices, ICFAI press 2008.

5.

Barry Gernart & sara Rynes, Compensation, Sage south Sage south Asia Publisher, 2008.

6.

Soffia Dube, Compensation Management, Excellent Books, 2006,

Note :- At least 10 Case Studies should be taught in class on relevant         

          subject syllabus        

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