Course: Compensation & Benefits

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Compensation & Benefits

Internal Assignment Applicable for December 2015 Examination

1. If you were establishing your own business, what benefits would you be legally required to pay? Which benefits would you choose to offer and why? (15 marks)

Answer:You’ll need to decide which legal structure is right for your business before you register for tax and start trading.

It’s important to understand the different risks and benefits before you choose - whether you set up as a sole trader, limited company or partnership affects:

·         the amount of financial risk you’re taking on

·         the way you’ll need to pay tax, and report to HM Revenue and Customs (HMRC), and Companies House for limited companies and some types of partnership

·         how much control you have over how your

2. You have been asked to deliver a talk at a local management college on Benefits for Women Employees. Prepare an outline of your talk, which should incorporate current industry practices. (15 marks)

Answer: Before creating your training program, it is important for you as the trainer to do your homework and research your company’s situation thoroughly. Most employers understand that good employee training is essential for an organization’s success. Training topics may include general skills such as literacy, technical skills, orientation about the organization, as well as programs designed to prevent lawsuits, audits, and fines, such as sexual harassment training, safety training, and ethics training.

Employee training was once considered an optional

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