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