Institute of Business Administration

Jahangirnagar University
WMBA Program
Semester: Fall 2021

Course Outline

Course Code : Compensation Management

Course Number : HRM 506
Course Instructor : Tasnima Aziza, Associate Professor, IBA- JU.
Class Schedule : Friday at 2:15 pm-5:15 pm (F2)
Contact Number : 01911136109
E-mail : tasnimaju@juniv.edu

Course Objectives:

Compensation Management focuses on the issues that will help the managers strategically develop
and maintain an organization’s compensation system. The course will cover the guiding principles
of an effective compensation system which consists of internal alignment, external
competitiveness, employee performance and management of the payment system. The students
will understand how compensation specialists can manage the compensation create a competitive
advantage for their organizations.

Course Contents in Brief

1. Compensation: a function of HRM, course overview

2. The Pay Model
3. A Strategic Framework of Compensation
4. Internal Alignment: Determining the Structure
5. Job Analysis
Mid-Term# 1

6. Job Evaluation
7. Defining Competitiveness
8. Designing Pay Levels, Mix, and Pay Structures
Mid-Term# 2

9. Pay for Performance

10. Employee Benefits
11. Compensation
Mid-Term# 3
Text and References

Text: 1. Milkovich, Newman & Ratnam, Compensation, McGraw-Hill, 2011, 10th Edition

References:
1. Richard I. Henderson, Compensation Management in a Knowledge-Based World, Pearson
Education, 2009, 10th edition.

2. Long, Richard. Strategic Compensation in Canada, 5th Edition, ON: Nelson, 2014.

3. Joseph J.Martocchio, Strategic Compensation: A Human Resource Management Approach,

Pearson Education, 6th edition.

4. Michael Armstrong, Armstrong’s Handbook of Reward Management Practice: Improving

Performance through Reward, Kogan Page Limited, 3rd edition.

Evaluation
Mid-Term (at least one will be viva voce in online mode) : 30
Presentation :5
Assignment : 25
Final : 40

 The average of the best two mid-terms will be taken into account.
 There will be NO makeup for mid-term and assignment.
 This evaluation will be valid only for online mode.

[Course instructor may change course content and evaluation system]