Department of Business Administration

Gomal University D. I. Khan

Wages and Compensation Management
MBA 3rd
Course organizer: Dr. Aziz Javed
1 Introduction to Compensation and Rewards
Meaning of Compensation and Rewards
Types of Compensation and Rewards
Importance and purpose of Compensation and Rewards
Principles of sound Compensation and Rewards Administration

2 Wage levels and wage structure
The Concept of Wage Levels and wage Rate
The Concept of Wage Structure
Determinants of the Wage Structure
Factors influencing wage and salary structure
Methods of compensation

3 The framework of Compensation Policy
The Concept of Framework
The framework of compensation policy
The concept and need of wage plan
The different types of wage plan
The essentials of a good wage plan

4 Wage Determinants
Wage determination process
Factors effecting wage determination process
The concept of wage survevy

5 Wage differentials
Meaning and definition of wage differentials
Types of wage differentials
Reason for wage differentials
Importance of wage differentials

6 Rewards and Incentives
Meaning of rewards and incentives
Features of the incentive plan
Determinants of incentives
Classification of rewards and incentives
Classification of incentive scheme
Wage incentives: objectives of wage incentive scheme

7 Downsizing, voluntary retirement, and pay for performance (PFP)
Definition and paradox of downsizing
Reasons for and merits/demerits of voluntary retirement scheme
Nature, determinants and variable related to the selection of the most
appropriate (PFP) system


Course Organizer
Dr. Aziz Javed