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Compensation & Benefits
April 2023 Examination
1. Analytics world is a newly set up IT firm.
This organization was established by Information Bay business group as part of
its recent diversification exercise. The group company has appointed you as an
HR manager of this newly set up IT firm. The first assignment given to you is
to identify the special groups in Analytics World and decide how to compensate
them. Accordingly, identify the special groups that would be working for
Analytics world and decide how you are going to compensate them? (10 Marks)
Ans 1.
Introduction
Compensation
is an added wage or advantage workers receive per their job performance. It
might remain in the form of money or any other center. In a company, analytics
is vital to every staff member as it influences the company's benefit. In the
newly established business, it must be kept in mind that there must not be any
diversification here. The data analytics group is aiding in making proper
decision-making in the business. The data is collected to assist management in
making decisions about staff members' perceptions and attrition prices. The
primary objective of HR is to take duty for
2. H&H is a fashion house in India. The
company is a well-known brand in the Indian market. The company is dealing with
all-inclusive fashion. However, due to tough competition the company is facing
a problem of high employee turnover. Company is not able to retain the talent. You
are heading the HR Department of H&H fashion since last three years, and
after looking into the problem of low employee retention rate, you found that
most of the employees are choosing to join the competitor's organization due to
attractive benefits provided to employees by the company. In this backdrop, you
are now deciding to revamp the employee benefit program in your company. State
and explain the different employee benefits that you will provide under the
revamped employee benefits program?
Ans 2.
Introduction
Employees' advantages and monitoring are thought-about vital and
pricey when going over employees. To create the most productive nature, company
employees should offer or deliver the mandated work benefits associated with
the contribution, social security, unemployment insurance, and job value
compensation. The competitive benefits program consists of clinical insurance
coverage, special needs, and life values to achieve retired life advantages and
income plans. The layout and benefits options are seriously reviewed as
essential elements to drive the
3. Filmy Head Ltd is a movie production house
based in India since 2007. Since its inception, which was 25 years ago, the
company has not considered revision in compensation and benefits programs. This
has led to the company's loss in terms of quality human resources. On its 25th
anniversary, the company is considering the revision of pay now. In this
background, answer the following:
a. Explain how you will undertake job
analysis? (5 Marks)
Ans 3a.
Introduction
Staff members will be interested in doing a job without paying the
payment. The equilibrium in the position is attractive to the employees and
boosts the job degree. Individuals intend to earn additional money for a happy
life. This question will describe the job evaluation and its need to
b. Explain the importance of job evaluation in
this context. (5 Marks)
Ans 3b.
Introduction
Job evaluation is examined to enable logic and decrease
subjectivity, including constant changes and different decisions to determine
competitive functions. The realities and info linked related to the criteria
will be gone over. The various programs and payments will be retrieved to
enhance the employee's recognition and establish opportunities
Dear students, get
fully solved assignments by professionals
Do
send your query at :
or
call us at :08263069601
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