To survive and to succeed in the market, the business organizations should produce quality goods, offer services that delight the customers and operate at minimal costs. For making all these possible an organization should possess human resources that could function efficiently and effectively. Human resources are valuable resources for any enterprise. The measure of company’s success is as much a function of the way it manages its employees as it is a function of its structure and financial resources. Appraising human potential and compensating them in a scientific and systematic manner paves way for enhanced corporate performance. The course addresses theory, principles and practices linking effective performance management and compensation and benefit systems in organizational settings.