WEEKEND MBA PROGRAM, TRIMESTER: FALL, 2015

INSTITUTE OF BUSINESS ADMINISTRATION

JAHANGIRNAGAR UNIVERSITY
Course Title: HRM506: Compensation Management
Course Instructor:

Md. Alamgir Hossen

Assistant Professor

Contact Phone: 01718-310469 (From 8:00 PM to 10:00 PM)

Email: alamju1212@yahoo.com hrm-ibaju@yahoogroups.com

Text
1. Milkovich, Newman & Ratnam, Compensation, 9th edition, McGraw Hill.
2. DeCenzo & Robbins, Fundamentals of Human Resource Management ,
8th edition.
3. Richard I. Henderson, Compensation Management in a KnowledgeBased World, 10th edition, Pearson.
Lectures
Chapter title

Author & Chapter

Approxim
ate
Duration

Establishing Rewards and Pay Plans

DeCenzo & Robbins,

WEEK 1,2

Chapter 11
Introduction to Compensation

Henderson, Chapter 1

WEEK 3

Milkovich & Newman

WEEK 4

Management
The Pay Model

Chapter 1
Defining Internal Alignment

Milkovich & Newman

WEEK 5

Chapter 3
Job Analysis

Any HR Book

WEEK 6,7

Job Evaluation

Any HR Book

WEEK 8,9

Person Based Structures

Milkovich & Newman

WEEK 10

Chapter 6
Defining Competitiveness

Milkovich & Newman

WEEK 11

Chapter 7
Designing Pay Levels, Mix, and Pay

Financial Management: Course Outline

Milkovich & Newman

WEEK 12

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Structures

Chapter 8

Purpose of the Course

Compensation management in organizations is usually defined as planned activities
directed at ensuring the benefits for the employees based on the job-relevant knowledge,
skills and attitudes by members or employees of the organization. Almost invariably, the
goal is to improve the productivity and performance by ensuring different types of
employee benefits (financial and nonfinancial) which will motivate employees to work
harder for achieving organizational goals. This course will familiarize students with the
compensation management function.
Topics covered in this course will include: introduction to compensation management,
establishing rewards and pay plans, the pay model, defining internal alignment, job
analysis,

job

evaluation,

person-based

structures,

defining

competitiveness

and

designing pay levels, mix and pay structures. Thus the course provides general
framework for examining and revising existing benefits and for establishing new, viable
benefits.
Performance Evaluation
a.

Class Attendance and Participation

05%

b.

Quiz

15%

c.

Mid Term 1

15%

d.

Mid Term 2

15%

f.

Assignments & Presentation

10%

g.

Final Examination

40%

Total

: 100%

** The faculty reserves the right to make necessary modification in the evaluation process

Class Participation (5%)

Class attendance and participation is required for this course as every chapter is the
foundation for the next one. If a student misses more than two classes, he/she will not
get any number in that section.
Quiz (15%)
There will be four quiz exams. Every quiz will be taken after completion of one chapter.
The examination may contain the combination of short questions/problems, real life
problems, MCQ or True/False with explanations. There will be no retake of any QUIZ.

Financial Management: Course Outline

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Term Examination (30%)

Term examination is usually intensive exam. There will be two term exams. Every term
exam will be taken after completion of four chapters. The examination may contain the
combination of short questions/problems, real life problems, MCQ or True/False with
explanations. There will be no retake of any TERM EXAMINATION.
Individual Assignments and Cases Work (10%)
The students will be given assignments based on the assigned text book chapters and
class lectures and real life cases. These assignments will consist of short answers and
simple applications of the concepts discussed in the class. The students are expected to
work on them individually and with group and submit them on the assigned date. No late
submissions are allowed. The purpose of this exercise is to ensure that the students are
current on the concepts discussed in class.

Final Examination (40%)

Final exam will be comprehensive one, which will cover major chapters of financial
management. The exam structure will be short questions/problems, real life cases or
problems, MCQ or True/False with explanations.

Caution:

All assignments will be handwritten on offset paper (A4 size) with well presented format.
Every student should submit the assignments before commencement of class and delay
submission will not be accepted for any reason.

Students will be panelized for any kind of unfair activities in the quizzes, assignments or
exams. For example, if anyone copy assignments, both parties will get ZERO in that
assignment. Subsequent class performance or bonus marks will be affected for that.

80% of the presence will be required for appearing the final exam.

THANKS FOR YOUR PATIENCE READING

Financial Management: Course Outline

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