KMBNHR04 PERFORMANCE AND REWARD MANAGEMENT  UNIT 1 Introduction to PRM Introduction to performance Management System Performance Management system is differ from Performance Appraisal Performance management and its challenges in current scenario, performance management systems and and process Effective Appraisal system and Criteria, Reasons for performance Appraisal Criteria: (KRA, KSA VS KPI) UNIT 2 Managing Performance Methods of Managing performance of all the Level of Management, 360 Degree performance Appraisal Performance Feedback and Counseling method, MBO and Performance Analysis for individual and organizational development UNIT 3 Contemporary Issue Potential Appraisal Competency Mapping and Career Development Succession planning Balance Scorecard Advantage & Disadvantage of online Appraisal UNIT 4 Reward System Compensation Job Evaluation Job Evaluation Method Input to Job Evaluation Practical Implication of Job Evaluation Significance of wage Differentials  UNIT 5 Compensation:Method of Pay and Allowance Pay structure. Method of Payment Fringe Benefits, Allowances The minimum Wages act 1948 Equal Remuneration Act, Regulatory Compliance including Wage and pay commission Incentive Scheme, Profit Sharing
