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MBA Exam: Compensation Strategies

This document provides details about an MBA course on compensation offered at the Institute of Business Administration University of Dhaka during the spring semester of 2013. The course covers topics related to defining competitiveness, designing pay levels and structures, pay for performance plans, and performance appraisal. The primary text is the 9th edition of the book "Compensation" by George T. Milkovich, Jerry M. Newman, and C.S. VankataRatnam.

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Zahidur Reza
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297 views2 pages

MBA Exam: Compensation Strategies

This document provides details about an MBA course on compensation offered at the Institute of Business Administration University of Dhaka during the spring semester of 2013. The course covers topics related to defining competitiveness, designing pay levels and structures, pay for performance plans, and performance appraisal. The primary text is the 9th edition of the book "Compensation" by George T. Milkovich, Jerry M. Newman, and C.S. VankataRatnam.

Uploaded by

Zahidur Reza
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Institute of Business Administration University of Dhaka MBA Program

Spring Semester: February - June 2013

Final Exam Primary Texts: 1. Compensation George T Milkovich, Jerry M Newman, C S VankataRatnam Tata McGraw Hill, Ninth Edition

Brief Course Outline

Topics 1. Defining competitiveness (External competitiveness) External competitiveness and factors Controlling costs Attracting and retaining Employees What shapes external competitiveness? Organizational factor affecting external competitiveness The concept of Relevant Market Competitive pay policy alternatives Consequences of pay-level and mix decisions

Primary Texts Compensation George T Milkovich, Jerry M Newman, C S VankataRatnam

2. Designing pay levels, Mix and Pay Structure Major decision involving pay levels, mix and pay structure Specifying competitive pay policy The purpose of a survey Selecting of specific market competitors Designing a survey o What jobs to include? o What information to collect? Interpreting survey results and constructing of market line Statistical analysis Constructing market pay-line The pay-policy line Developing of grades Establishing of midpoints, minimums and maximums The concept of Overlap Broad-banding Balancing internal and external pressure

Compensation George T Milkovich, Jerry M Newman, C S VankataRatnam

3. Pay for Performance Plans Understanding the concept What are the pay-for-performance plans Individual Incentive plans advantages and disadvantages Team Incentive Plans Team Compensation Long-term incentive plans 4. Performance Appraisal

Compensation George T Milkovich, Jerry M Newman, C S VankataRatnam

Compensation George T Milkovich, Jerry M Newman, C S VankataRatnam

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