UNIT – I Lesson 1 HRM – AN OVERVIEW Lesson Outline Nature of ...

Lesson Outline:
UNIT IV
HUMAN RESOURCE MOTIVATION AND COMPENSATION
• Compensation: Basic concepts and importance; components of compensation like
wage/salary and Incentives
• Job Evaluation – Meaning, methods, strengths and limitations
• Productivity – Factors that enhance and lower productivity
• Morale and Motivation: Conceptual foundations on Causal and contributing factors
• Theories, Techniques, Significance and practices of Work Motivation
• Evolution of Quality of Work Life (QWL) and factors that determine QWL
• Meaning and types of Stress and management of Job Stress
Learning Objectives
1. To understand the need for and importance of enhancing motivation at work place.
2. To identify types, theories and models of motivation suitable to different contexts.
3. To study the concept, methods, merits and demerits of launching a Job Evaluation
Program for structuring the compensation packages.
4. To know the theoretical and practical nuances of the Compensation function
involving Wages and Salaries.
5. To understand the concept, components, contributing factors, significance and
types of productivity in organizations.
6. To examine the correlation between high levels of job satisfaction and
productivity.
7. To know the meaning, symptoms and classifications of stress and the stress
management practices of organizations.
8. To understand concepts such as burnout, Distress and Eustress associated with the
study of stress.
9. To learn about the multifarious factors that is likely to affect the Quality of Work
Life (QWL) of employees of a firm.
10. To trace out the significance of QWL movement in the context of Organization
Development and effectiveness.
11. To appreciate the challenges faced by Human Resource Managers in creating a
system of satisfying working conditions in an organization.