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NMIMS
Global Access
School
for Continuing Education (NGA-SCE)
Course: Compensation & Benefits
Assignment
Marks: 30
Instructions:
·
All Questions carry equal marks.
·
All Questions are compulsory
·
All answers to be explained in not more than
1000 words for question 1 and 2 and for question 3 in not more than 500 words
for each subsection. Use relevant examples, illustrations as far as possible.
·
All answers to be written individually.
Discussion and group work is not advisable.
·
Students are free to refer to any
books/reference material/website/internet for attempting their assignments, but
are not allowed to copy the matter as it is from the source of reference.
·
Students should write the assignment in their
own words. Copying of assignments from other students is not allowed.
·
Students should follow the following parameter
for answering the assignment questions
|
For
Theoretical Answer |
|
For
Numerical Answer |
||
|
Assessment
Parameter |
Weightage |
Assessment
Parameter |
Weightage |
|
|
Introduction |
20% |
Understanding
and usage of the formula |
20% |
|
|
Concepts
and Application related to the question |
60% |
Procedure /
Steps |
50% |
|
|
Conclusion |
20% |
|
Correct
Answer & Interpretation |
30% |
June
2023 Examination
Question:
1. CONSTRUCT Pvt Ltd. is a newly set up construction company in Mumbai and the
company is in the process of determining the pay structure in the organization.
Currently the company has 50 employees in the sales department. As an HR
Manager of company, discuss which individual compensation plans you can use to
motivate these 50 sales department employees to meet the targets. (10 Marks)
Answer: As an HR Manager of CONSTRUCT Pvt Ltd, there are several
individual compensation plans that can be used to motivate the 50 sales
department employees to meet their targets. Here are a few options:
- Commission-Based
Pay:
Sales employees can be offered a commission-based pay structure, which
incentivizes them to sell more by earning a percentage of the revenue
generated from their sales. This can be a strong motivator for salespeople
who are driven by financial rewards and can help ensure that they are
focused on achieving their sales targets.
Question:
2. WESTEROES Pvt Ltd is a decade old IT Company from Pune. You are hired as an
HR Consultant and you are expected to identify and suggest to the management
appropriate approach to job evaluation. Enlist the different approached to job
evaluation and suggest an appropriate one to the company. (10 Marks)
Answer: Job evaluation is a systematic process of determining the
relative worth of jobs within an organization. There are several different
approaches to job evaluation, each with its own advantages and disadvantages.
Here are some of the commonly used approaches:
- Ranking
method: In this method, jobs are ranked in order
of their value to the organization, from highest to lowest. This method is
simple and easy to use, but it can be subjective and does not provide a
precise measurement of the worth of jobs.
- Job
classification method:
Question:
3. INFOTICS is a well-known IT Company in India since 2000. The company is
planning to revise the compensation structure. In this background answer the
following:
a.
What could be the components of direct pay structure? (5 Marks)
Answer: The components of direct pay structure typically include:
- Base salary: This is the fixed amount of
money that an employee receives for their job responsibilities and
performance.
- Incentives and bonuses: These are
performance-based payments that are usually tied to individual or team
goals or milestones.
- Stock options and equity: These are
typically offered to employees as a long-term incentive to retain top
Dear students, get fully solved assignments by professionals
Do send your query at :
or call us at :08263069601
(Plagiarism proofed assignments available with 100%
surety and refund)
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