UNIQUE SERIES AKTU Syllabus
BMBHR03

Performance and Reward Management

L-T-P3-0-0 Session2025-26 TypeTheory
Appears in 1 semester

MBA General · Sem 3 (Specialization: Human Resource Management (HR))

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Syllabus

5 units · 40 lecture hours
Unit1

Unit 1

7 hrs

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

Unit 2

9 hrs

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

Unit 3

7 hrs

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

Unit4

Unit 4

9 hrs

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

Unit5

Unit 5

8 hrs

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 Objectives6 points
  • 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.
Course Outcomes (COs)4 outcomes

After completion of the course student will be able to:

  1. CO2Competency to use the Performance Management K3(Apply)
  2. CO3Knowledge about the Compensation and Reward Systems K2(Understand)
  3. CO4Developing & implementing the effective reward systems in the organization K6(Create)
  4. CO5Ability to explain the relevance of competency mapping and understanding its linkage with career development K5(Evaluate)

Suggested Reading

  1. T V Rao (2007). Performance Management and Appraisal Systems: HR Tools for Global Competitiveness (Response Books)
  2. Michael, Armstrong (1999). Performance Management. Kogan Page.
  3. Shrinivas R Kandula (2006). Performance Management : Strategies , Intervention & Drivers. Pearson
  4. Chadha, P. (2003). Performance Management: It’s About Performing Not Just Appraising. McMillan India Ltd.
  5. B D Singh (2012). Compensation and Reward Management, Excel Book
  6. Robert Bacal (2007). Performance Management ,McGraw-Hill Education.
  7. T V Rao : Performance Management :Towards organisational Excellence (Sage Publications) Financial Management (FM) Electives

Official AKTU syllabus

This subject is on page 24, 25, 26 of the original AKTU PDF.

Official AKTU syllabus PDF ↗