AKTU Performance and Reward Management (BMBHR03) Syllabus PDF – MBA 3rd Semester
Performance and Reward Management BMBHR03
All syllabus, notes, question bank & PYQ for this subject
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- Semester 3
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Syllabus — Performance and Reward Management
Download PDFBMBHR03 · 3 credits · L-T-P 3-0-0
Course Objectives
- To create an understanding of the key concepts of performance management and contemporary methods for administering compensation and rewards in practices.
- To articulate the benefits of using a performance development plan and the consequences of not having one in place.
- To distinguish the elements of an effective, integrated performance development system.
- To devise “SMART” annual performance objectives (e.g., objectives that are specific, measurable, attainable, relevant and track able).
- To familiarize the students with the concept of competency mapping and understanding its role in career development.
- To familiarize students with various aspects of compensation system in India and make them understand various issues linked with the process of fixing salary dearness allowance, bonus, incentive scheme and benefits.
Unit1: (7 hours)
Introduction to Performance Management System :Meaning, Uses and purpose of Performance Management, Performance Management vs Performance Appraisal, Performance management and its challenges in current scenario, Performance management as a System and Process, Establishing Performance Criterion of developing an Effective Appraisal System, Criteria (KRA, KSA VS KPI).
Case Studies
Unit2: (9 hours)
Managing Performance: Methods of managing performance of all the levels of Management, 360 degree Performance Appraisal, MBO and Performance analysis for Individual and organizational development. Case Studies
Unit3: (7 hours)
Contemporary Issues: Potential appraisal, Competency mapping & its linkage with Career Development and Succession planning, Balance score card: Introduction and Applications, Advantages and limitations. Case Studies
Unit 4: (9 hours)
Reward System: Compensation- Definition, Function, and significance. Job evaluation: Methods of job evaluation, Inputs to job evaluation, Practical implication for technical/non-technical and executive/managerial positions and significance of wage differentials. Case Studies Page 24
Unit 5: (8 Hours)
Compensation: Method of pay and Allowances, Pay structure: Basic Pay, DA, HRA, Gross Pay, Take home pay etc. Incentive schemes; Methods of payment: Time and piece rate. Fringe benefits & other allowances: Overtime, City compensatory, Travelling etc. Regulatory compliance: Introductions, Wage and Pay commissions, Overview of minimum wages Act- 1948 and Equal Remuneration Act-1976. Profit Sharing options; Case Studies.
Course Outcomes & Bloom’s Taxonomy
| CO 1: Knowledge of Performance Management and Performance Appraisal | K2(Understand) |
| CO 2: Competency to use the Performance Management | K3(Apply) |
| CO 3: Knowledge about the Compensation and Reward Systems | K2(Understand) |
| CO 4: Developing & implementing the effective reward systems in the organization | K6(Create) |
| CO 5: Ability to explain the relevance of competency mapping and understanding its linkage with career development | K5(Evaluate) |
Suggested Readings
- T V Rao (2007). Performance Management and Appraisal Systems: HR Tools for Global Competitiveness (Response Books)
- Michael, Armstrong (1999). Performance Management. Kogan Page.
- Shrinivas R Kandula (2006). Performance Management : Strategies , Intervention & Drivers. Pearson
- Chadha, P. (2003). Performance Management: It’s About Performing Not Just Appraising. McMillan India Ltd.
- B D Singh (2012). Compensation and Reward Management, Excel Book
- Robert Bacal (2007). Performance Management ,McGraw-Hill Education.
- T V Rao : Performance Management :Towards organisational Excellence (Sage Publications) Financial Management (FM) Electives
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