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IGNOU - PGDHRM - MS-27 Wage and Salary Administration
I COMPENSATION - CONCEPT AND CONTEXT
1 Role of Compensation and Rewards in Organisation
2 Economic and Behavioural Issues in Compensation
3 Framework of Compensation Policy

II LEGAL FRAMEWORK OF WAGE AND SALARY ADMINISTRATION
4 Wage Concepts and Definition of Wages Under Various Labour Legislation
5 Constitutional Perspective, International Labour Standards, and Norms for Wage Determination
6 Law relating to Payment of Wages and Bonus
7 Regulation of Minimum Wages and Equal Remuneration
8 Law Relating to Retiral Benefits

III COMPENSATION STRUCTURE AND DIFFERENTIALS
9 Pay Packet Composition
10 Institutional Mechanism for Wage Determination
11 Job Evaluation and Internal Equity
12 External Equity and Pay Surveys

IV REWARD SYSTEM, INCENTIVES AND PAY RESTRUCTURING
13 Design of Performance-linked Reward System
14 Incentives for Blue and White Collars
15 Bonus, Profit Sharing and Stock Options
16 Allowances and Benefits
17 Downsizing and Voluntary Retirement Scheme

V EMERGING ISSUES AND TRENDS
18 Tax Planning
19 Overview of Future Trends in Compensation Management
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