BBA-203 Human Resource Management Unit -4

BBA-203 Human Resource Management Unit -4

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Course Content

Principles of Compensation Management

Wage policy, Wage determination, Wage boards

Factors affecting wages and salary, Systems of payments

Job Evaluation Meaning and Methods of Job Evaluation

Components of wage/salary: DA, incentives, Bonus, Fringe benefits etc.

The Minimum Wages Act 1948

The Workmen Compensation Act 1923 Amendment Act 1972

The Payment of Bonus Act 1965 & Amendment