It is a matter of great pleasure to hand over First edition of this book on “Finance for HR Professionals and Compensation Management” to the students of T.Y. BMS course started by University of Mumbai.
The objective of the book is to orient students with financial concepts used making HR decisions and also to understand various compensation plans. Today, we need to be aware on issues related to compensation management and understand the legal framework of compensation management.
Contents –
Unit I : Compensation Plans and HR Professionals
1. Compensation Plans
2. Compensation Tools
3. 3Ps of Compensation
4. Pay Structure
Unit II : Incentives and Wages
5. Incentive Plans
6. Wage Differentials
7. Theories of Wages
Unit III : Compensation to Special Groups and Recent Trends
8. Compensation for Special Groups
9. Human Resource Accounting (HRA)
10. Recent Trends
Unit IV : Legal and Ethical Issues in Compensation
11. Legal Framework of Compensation in India
12. Pay Commissions
Case Studies
