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DRIVE-fall 2017
PROGRAM-MBADS (SEM
4/SEM 6)MBAFLEX/ MBAN2 (SEM 4)PGDHRMN (SEM 2)
SUBJECT CODE &
NAME-MU0015 –Compensation and Benefits
BK ID-B1859
CREDIT & MARKS-4
Credits, 60 marks
Q1.Discuss the
contents of Job evaluation. Describe the process of Job evaluation.
(Explain the contents
of Job Evaluation, Explain the process of Job Evaluation)
Answer.
Contents of Job
Evaluation
Job
content is evaluated based on work type, skills and knowledge required; value
is evaluated based on each job's contribution to company goals. Three of the
most commonly used methods of job evaluation, upon which other methods are
based, can be
Q2.Suppose you are a
HR Manager and you are asked to develop an effective Incentive Scheme for your
organization. What are the pre-requisites you will consider while developing an
Effective Incentive Scheme? Discuss the merits of Incentives.
(Explain the
pre-requisites for an Effective Incentive Scheme, Explain the merits of
Incentives)
Answer.
Pre-requisites for
an Effective Incentive Scheme
These pre-requisites are as under:
·
The
incentive scheme must be influenced by scientific work measurement like the
standards set must be practical and inspiring. In addition, the employees must
be provided with necessary resources to meet these
Q3.Discuss the types
of managerial remuneration. Explain the elements of a managerial remuneration
(Explaining the types
of managerial remuneration, explaining the elements of a managerial
remuneration)
Answer.
Types of
managerial remuneration
The
term remuneration covers the following types of expenditure incurred by the
company for its Director or his family –
·
Rent
free accommodation;
Q4. Define Pay
Structure. What are its objectives? Explain the major decisions involved in
designing and setting competitive pay structures
(Definition of Pay Structure,
Objectives of Pay Structure, Explain the major decisions involved in designing
and setting competitive pay structure)
Answer:
Pay
Structure
A pay/salary structure refers to
the collection of salary grades, bands or levels, connection of related jobs
within a series or hierarchy which helps the organisation in providing a
framework for the implementation of various policies and
Q5.Explain the
criteria’s considered for rewarding the employees for their good service
(Explanation of the
criteria’s responsible for rewarding the employees)
Answer.
Criteria’s
considered for rewarding the employees for their good service
The
criteria for rewarding the employees
for their good service in the firm are as follows:
1. Analysing
Q6. Write a short
note on the following:
A) Wage Policy Plan
in India
B) Voluntary
Retirement Scheme (VRS)
(Wage Policy Plan in
India, Voluntary Retirement scheme)
Answer.
a)
Wage
Policy Plan in India
Wages means all remuneration
expressed in terms of money and includes remuneration payable under any award
or settlement, overtime wages ,wages for holiday and any sum payable on
termination of employment(bonus is not included. The wage policy in India is
built around the following fundamental principles:
1.
Equal
Dear students get fully solved
assignments
Send your semester &
Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
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