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HRM3705 SU 10 CHAP 12

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2021/2022 Written for academic year
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University Of South Africa (Unisa)
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HRM3705 - Compensation Management (HRM3705)
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STUDY UNIT 10 CHAPTER 12

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Chapter Topics


• Major Decisions
• Specify Competitive Pay Policy
•
COMPENSATION MANAGEMENT
The Purpose
p of a Survey
y
• Select Relevant Market Competitors
• Design the Survey
• Interpret Survey Results and Construct a Market line
• From Policy to Practice: The Pay-Policy Line
CHAPTER 12 (Study unit 10)
Employee Benefits

, Chapter Topics

• Why the Growth in Employee Benefits?
• Value of Employee Benefits
• Key Issues in Benefit Planning, Design and Administration
• C
Components
t off a Benefits
B fit Plan
Pl
• Administering the Benefits Program

, What Are Employee Benefits?




That part of the total compensation
package, other than pay for time
worked, provided to employees in
whole or in part by employer
payments, e.g. life insurance,
pension, workers’
workers compensation,
vacation

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