Compensation and Reward Management (HRM4401) crash course, Online MBA, Semester 4:
This subject explains how organisations design and run compensation and reward systems, from wage theories and job evaluation to pay structures, incentives,…
- 18 video lessons
- 4h 7m
- Study notes
- 90 quiz questions
- Assignment
18 lessons in Compensation and Reward Management
Each lesson pairs one topic with a hand-picked video, trimmed to the part that teaches it.
About this subject
This subject explains how organisations design and run compensation and reward systems, from wage theories and job evaluation to pay structures, incentives, benefits, and executive and international pay. After it, you will be able to evaluate a pay structure, choose suitable incentive and benefit schemes, and connect reward decisions to attracting, retaining and motivating employees within Indian legal requirements.
- 1
Compensation and Reward Systems Explained
Module I, Introduction: Concept of Compensation, System of Compensating, Concept of Reward and Reward System
Compensation in hrm, compensation objective, Pay Structure, Human Resource Management, BBA, MBA BCom· DWIVEDI GUIDANCE· 13 min
Study notes 5 quiz questionsWatch lesson - 2
Economic Theories of Wages and Their Limitations
Module I, Introduction: Economic Theory of Wages, Limitations of Economic Theories
THEORIES OF WAGES IN HINDI | Concept, Salary vs. Wage, Types of Wages, 6 Theories | Explained | ppt· Sonu Singh - PPT wale· 20 min
Study notes 5 quiz questionsWatch lesson - 3
Wage and Salary Administration and Job Evaluation Methods
Module I, Introduction: Wage and Salary Administration at micro level, Wage concepts, Methods of Job Evaluation
4 | Performance and Reward Management, Compensation, Job Evaluation, Method of Job Evaluation, wage· DWIVEDI GUIDANCE· 11 min
Study notes 5 quiz questionsWatch lesson - 4
Stakeholders and Wage Legislation in India
Module I, Introduction: Role of various parties – Employees, Employers, Unions & Government, Overview of Legislations affecting Compensation
Employee Relation and Labour Laws, Employee Relation Management, Industrial Relation, IR, mba, b.com· DWIVEDI GUIDANCE· 5 min
Study notes 5 quiz questionsWatch lesson - 5
Salary Progression and Methods of Payment
Module II, Compensation Structure- Indian Practices: Salary Progression, Methods of Payment
5 | Performance and Reward Management, Compensation, Pay Structure, Method of Payment, Minimum wage· DWIVEDI GUIDANCE· 8 min
Study notes 5 quiz questionsWatch lesson - 6
Job-Based vs Competency-Based Pay
Module II, Compensation Structure- Indian Practices: Limitations of the Job Related Compensation, Competency based Compensations
PERFORMANCE BASED COMPENSATION, COMPETENCY BASED COMPENSATION,JOB RELATED COMPENSATION, ADVANTAGE· Agrawal Classes· 11 min
Study notes 5 quiz questionsWatch lesson - 7
Performance-Linked Pay and Performance Appraisal
Module II, Compensation Structure- Indian Practices: Performance linked Compensations- Performance Appraisal
Performance Appraisal, performance appraisal process, Performance appraisal method, Human Resource· DWIVEDI GUIDANCE· 18 min
Study notes 5 quiz questionsWatch lesson - 8
Variable Pay and Reward Strategy Principles
Module III, Elements of Compensation: Variable Compensation, Principles of Reward Strategy
Developing Compensation Structures and Variable Pay Plans - 17th Sep 2023· Meritt Learning Center· 49 min
Study notes 5 quiz questionsWatch lesson - 9
Perquisites, Bonuses, Incentives and Social Security
Module III, Elements of Compensation: Perquisites, Bonuses & Incentives Scope and Process, Ethical Considerations, Social Security
COMPENSATION MANAGEMENT | UNIT 3 | ONE SHOT | SEM 8 | BCOM/BBA | DU/SOL/REGULAR/NCWEB· Idea Infusion· 24 min
Study notes 5 quiz questionsWatch lesson - 10
Gain Sharing and Team-Based Pay
Module III, Elements of Compensation: Sharing Productivity Gains with Employees, Gain Sharing, Team Based Pay
Performance, Skill & Team Based Pay, Profit Sharing, Variable Pay· MBA Planet· 4 min
Study notes 5 quiz questionsWatch lesson - 11
Sales Force Compensation and Building a Pay Structure
Module III, Elements of Compensation: The Role of Compensation in Sales Force Success, Constructing pay structure
Compensation Plan of Sales Force, Sales force Motivation, Sales Quota, Sales territory, Sales Budget· DWIVEDI GUIDANCE· 7 min
Study notes 5 quiz questionsWatch lesson - 12
Types of Incentive Schemes and Payment by Results
Module IV, Incentive Schemes / Payment by Results: Types of Incentive Schemes/ Systems and Plans
INCENTIVE PLANS IN HINDI | Concept, Objectives, Types, Advantages & Limitations | HRM | ppt· Sonu Singh - PPT wale· 13 min
Study notes 5 quiz questionsWatch lesson - 13
Merits and Demerits of Incentive Plans
Module IV, Incentive Schemes / Payment by Results: Merits and Demerits of Incentives
Incentives and Incentive Plans - Advantages and Disadvantages (Management video 25)· Marketing91· 1 min
Study notes 5 quiz questionsWatch lesson - 14
Employee Benefits: Strategic Perspective and Types
Module V, Benefits and Services: Concept of Benefit- Strategic Perspectives on Benefits, Type of Benefits
Understanding Compensation and Benefits in Human Resource Management (13 Minutes)· Microlearning Daily· 4 min
Study notes 5 quiz questionsWatch lesson - 15
Designing and Administering a Benefits Package
Module V, Benefits and Services: Factor Influencing Choice of Benefit Package, Administration of Benefits and Services
Mastering Compensation and Benefits Administration in HR (12 Minutes)· Microlearning Daily· 4 min
Study notes 5 quiz questionsWatch lesson - 16
Managerial and Executive Compensation
Module VI, Current Trends in Compensation and Reward Management: Elements of Managerial Compensation- A New Approach, Executive compensation
Executive Compensation||Meaning||Elements||Feature||Principles||Factors affecting||MBA||BBA||· Study For Dreams 23· 18 min
Study notes 5 quiz questionsWatch lesson - 17
Pay the Person and Individualized Pay Systems
Module VI, Current Trends in Compensation and Reward Management: Pay the Person, Rewarding Excellence, Individualizing the Pay System
Performance Management and Reward Systems· HR SUCCESS TALK®· 20 min
Study notes 5 quiz questionsWatch lesson - 18
VRS and International Compensation
Module VI, Current Trends in Compensation and Reward Management: VRS, International Compensation
5| International Human Resource management, Global Compensation Practices, Compensation structure· DWIVEDI GUIDANCE· 17 min
Study notes 5 quiz questionsWatch lesson
Assignment
Design a Compensation and Reward Plan for a Mid-Sized Indian Manufacturer
Less scrolling. More passing.
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Hand-picked video lessons
18 short lessons, each with the best YouTube explanation we could find, trimmed to the part that matters.
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Study notes
18 lessons come with a summary, key points, key terms and takeaways for quick revision.
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Quizzes
90 questions across the course, with the right answer and why, the moment you pick.
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Assignments
1 subject assignments with clear tasks, so you practise what each subject actually asks of you.
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Notebook
Write notes beside the video, stamped with the exact time, and jump back to that moment later.
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Progress that follows you
Completed lessons, quiz scores and where you stopped, saved to your account on every device.
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Live chat
A members-only live chat beside every lesson: doubts, tips, stickers and GIFs with your batch. One ₹19 pass opens every live chat.
The Online MBA live chat. Study together, live.
A live chat right beside the video, shared by everyone studying Online MBA. Ask a Compensation and Reward Management doubt mid-lesson, share a shortcut, celebrate a finished semester.
- Live chat beside every lesson
- One live chat for all of Online MBA
- Members-only stickers & GIFs
- One ₹19 pass opens every live chat
Online MBA live chat
Anyone else finding Compensation and Reward Management tricky? 😅
Lesson 2 cleared it up for me. Watch it before the quiz
Doing it now, thanks!
Starting Entrepreneurship Development tonight if anyone wants to go together
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Compensation and Reward Management: common questions
This subject explains how organisations design and run compensation and reward systems, from wage theories and job evaluation to pay structures, incentives, benefits, and executive and international pay. After it, you will be able to evaluate a pay structure, choose suitable incentive and benefit schemes, and connect reward decisions to attracting, retaining and motivating employees within Indian legal requirements. It's the Compensation and Reward Management subject of Online MBA, Semester 4, in 18 lessons: Compensation and Reward Systems Explained; Economic Theories of Wages and Their Limitations; Wage and Salary Administration and Job Evaluation Methods; Stakeholders and Wage Legislation in India; Salary Progression and Methods of Payment; Job-Based vs Competency-Based Pay; Performance-Linked Pay and Performance Appraisal; Variable Pay and Reward Strategy Principles; Perquisites, Bonuses, Incentives and Social Security; Gain Sharing and Team-Based Pay; Sales Force Compensation and Building a Pay Structure; Types of Incentive Schemes and Payment by Results; Merits and Demerits of Incentive Plans; Employee Benefits: Strategic Perspective and Types; Designing and Administering a Benefits Package; Managerial and Executive Compensation; Pay the Person and Individualized Pay Systems; VRS and International Compensation.
Yes. Every video lesson is free to watch without an account. A free login unlocks study notes, quizzes, the assignment, a notebook and progress that syncs across devices.
About 4h 7m of video across 18 lessons, plus time for notes and quizzes. Go at your own pace; your place is saved.
Yes: “Design a Compensation and Reward Plan for a Mid-Sized Indian Manufacturer”. It comes after the last lesson, with a brief, clear tasks and how the work is judged.
A members-only live chat beside the video, shared by everyone studying Online MBA, where learners ask doubts, share tips and react with stickers and GIFs. One ₹19 pass, paid once from your InsideEdge wallet, opens the live chat for every degree.
No. It's a crash course to help you understand and revise the subject quickly. Use it alongside your official study material and assignments.