COMPENSATION AND BENEFIT MANAGEMENT
- Employers Council
- Apply Now
The area of Compensation and Benefits belongs to the most specialised areas in Human Resources Management. Compensation and Benefits usually plays the role of the HR Controlling, setting the rules and procedures around the salaries, variable pay and benefits.
Compensation and Benefits is usually the function of HRM -- most connected with the competitors in the market -- and it sets the compensation policies which are fully competitive on the job market, but still meet the targets defined by the organisation.
This sub-profession introduces you to various compensation models and their application in organisations. You will acquire the ability to carry out compensation surveys and evolve an appropriate compensation structure for an organisation. You will also learn to develop salary structures, incentive packages and benchmark salaries.
You will focus on the areas of job evaluation, taxation aspects of compensation management, the entire payroll management process as well as international compensation structures. You will also acquire knowledge of legal compliances with respect to compensation and benefits.
Those who work in the area of employee benefits manage the company’s health plan, stock option plan, profit share plan, pension plan, insurance plan, life insurance, or any other benefits a company may offer its employees.
This work includes liaising between the organisation and the employees of the company. Employees need to be kept well-informed of their rights and options, and their concerns must be appropriately addressed.
Full Time ProgrammesPost Graduate Level
Professional Programme in Business Management with specialisation in Human Resource
(Integrated) Professional Programme in Business Management with specialisation in Human Resource.
|Compensation Policy||Various components and rationale of Compensation Policy:
|Salary Survey||Benchmarking of Compensation & Benefit with comparable companies and analyse the data (under the direction of a supervisor) and suggest corrective actions.|
|Salary Fitment||Developing internal structure, pay levels and pay parities, define competitiveness, analyse discriminations and evolve compensation structure.|
|Linkages with Performance Management System and Job Evaluation System/ Competency Framework||Correlation of the salary structure with Performance Management System and Job Evaluation/ Competency Framework.|
|Incentives||Methods of incentivizing (rewarding) and or recognizing performance for Junior Management.|
|Taxation||Tax calculations for Junior management based on the Indian Taxation framework.|
|Payroll Management||Compliance with legal requirements relating to salary for Junior Management.|
|Mr. Ajay Devraj||Senior Vice-President-Group Human Capital, Welspun Group|
|Mr. Anjan Bhowmik||Manager HR-ITC|
|Mr. Asit Mohapatra||Director HR-Textiles Raymond Ltd.|
|Mr. B.R. Ranju||Head HR - BPL India|
|Mr. Barun Sen||Director (C&B) - Microsoft|
|Mr. Bensely Zachariah||DGM - HR, KPIT Cummins Global Business Solutions|
|Mr. C.B. Tiwari||Chief People Officer - (Cement Business) Aditya Birla Group|
|Mr. C.V. Ramanan||Chairman - NHRD - Corporate Interface and CEO of Ladders Consultancy Services|
|Ms. Cynthia D'souza||Managing Director, Cynthesis Management Consultants|
|Mr. Harish Govind||Vice-President Human Resources & Administration-Bluestar|
|Ms. Kumkum Nongrum||Vice President and Head-Learning & Development, ABN AMRO Bank|
|Mr. Mahesh Kudtarkar||Chief Manager-Reliance Digital Retail India.|
|Mr. Mahesh Maralinga||Director and Regional Head of Talent Acquisition & Service Delivery - South Asia for Thomson Reuters|
|Mr. Niraj Barethiya||Head HR, Hindustan CocaCola Pvt. Ltd|
|Mr. Nirmal Nair||Senior Manager Human Resource-Tata Trent (Westside)|
|Mr. P.K Patro||Head Human Resource-TCE Consulting Engineers Ltd.|
|Mr. Pandu Gowdra||Director HR, Redknee Technologies|
|Mr. Prasanna Shankarappa||Vice-President Corporate HR-Reliance Communications|
|Mr. S. Ramadoss||Vice President HR - Titan Industries Limited|
|Mr. Sanjeev Somasundaram||Executive VP & Global Head-Talent Acquisition Tesco HSC|
|Mr. Shantonu Dasmahapatra||Vice President HR-Bombay Dyeing|
|Mr. Sriram||Head Talent Acquisition - Samsung India Software|
|Ms. Sujaya Banerjee||Chief Learning Officer, Essar Group|
|Mr. Sumeet Varghese||Consultant & Project Partner, TVRLS & Academy of HRD|
|Mr. Tangaraj||AVP-HR Thomas Cook|
|Ms. Tanuja Baljekar||GM Learning & Development, Thermax Limited|
|Mr. V. Ravi||Head Talent & Leadership Development, Voltas|
|Mr. Vinod Khisty||Vice President -Human Resources-Siemens Information System Ltd.|
|Mr. Rajiv Gusain||Head HR - North, Bajaj Allianz|
|Mr. Mayur Chaturvedi||GM Talent Acquisition, Pepsi|
|Mr. Murtaza Attari||Regional Manager HR (North) - Aviva Life Insurance Co. Ltd.|
|Mr. Swapan Kumar Nandy||Director, Complete Human Resource Solutions|
|Mr. Partho P. Kar||Member, Board of Governor IIM|