This course deals with various theories, concepts and components of wages, salaries, remuneration and compensation. It also covers various factors influencing compensation like job evaluation, financial position of the companies, nature of the work, cost of living, influence of trade unions, productivity, demand for and supply of human resources. It focuses on salary differentials and their consequences on employee performance and morale. It lays special emphasis on various fringe benefits and employee benefits and relevant laws of PNG. It explores how human resources deliberately design and implement reward and performance management programs as essential integrating mechanism through which efforts of various organisational functions and individuals are directed towards the achievement of the organisations’ strategic objectives.
Prerequisites: 3.11301, 3.21302 and 3.21305
Main Text Book: “A Handbook of Employee Reward Management and Practice” published by Kogan Page, London United Kingdom
Assessment: Continuous 50% + Final Examination 50%