This library provides an overview of employee compensation and benefits planning. It discusses the role and importance of compensation planning and management and explains the different forms of compensation. It also provides an insight to the various labor legislations applicable to employee compensation and benefits. Further, the library provides an overview of health and insurance benefits offered to employees by corporate. The various benefits available to specified employees under 'Employees' State Insurance' scheme and the group insurance scheme are also discussed in the library. The course library also explains the stock based compensation, its types, and methods used by the companies to account the same. Further, it details the guidelines issued by SEBI for stock based compensation and explain the ways to have effective stock-based compensation.

• Explain the role and importance of compensation management
• List the different forms of compensation and discuss the key considerations in introducing employee benefits program
• List the different types of perquisites and fringe benefits and explain the steps involved in benefits planning
• Discuss various applicable labor legislations in compensation planning and benefits program
• Explain various types of health care benefits to employees
• Explain various types of benefits available to employees under the Employees' State Insurance Scheme and explain the group insurance scheme

• Explain the workmen's compensation insurance and define stock-based compensation
• Recognize the methods of measuring stock-based compensation
• Quote SEBI guidelines for stock-based compensation and describe an effective stock-based compensation

List various limitations of stock-based compensation