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Compensation & Benefits
April 2025 Examination
1.
You are an HR Manager of newly established organization i.e. ABC Pvt.
Ltd. It is a manufacturing organization of readymade garments. The worth of the
job decides the salary structure which will be given to employees recruited for
a particular job role. Being the HR Manager, you need to explain various
methods which you can use for job evaluation by giving suitable examples. (10 Marks)
Ans
1.
Introduction
Job
evaluation is a systematic process used by organizations to determine the
relative value of different job roles within the company. As an HR Manager at
ABC Pvt. Ltd., a newly established garment manufacturing firm, it is crucial to
develop a fair and transparent salary structure that aligns with the
responsibilities and requirements of each job position. Job evaluation helps in
ensuring internal equity, external competitiveness, and overall employee
satisfaction. By
2. Ram and Rahul are two
individuals working in two different organizations. Ram is paid based on number
of units manufactured in a period whereas Rahul receives hike in the current
year based on performance in the previous year. Identify the pay systems used
by both organizations and explain other pay systems in detail. What is the
utility of both pay systems as employed in both the organizations. (10 Marks)
Ans
2.
Introduction
Compensation
plays a crucial role in employee motivation, productivity, and job
satisfaction. Organizations use different pay systems to ensure fair
compensation while aligning with business objectives. Ram and Rahul represent
two distinct pay structures. Ram’s compensation is based on the number of units
he manufactures, which indicates a piece-rate pay system,
3.
Mr. Vardhan wants to design a competitive compensation policy for its
sales team.
The sales team since is responsible
for the productivity and growth of organization, therefore Mr. Vardhan wants to
employ a scientific and rational method to compensate the sales team.
Considering above scenario, Answer the following questions.
A) Explain the rationale of
designing a sales compensation plan.
(5 Marks)
Ans
3a.
Introduction
A
well-structured sales compensation plan is crucial for driving the performance
and motivation of a sales team. Since sales professionals directly contribute
to revenue generation and business growth, their compensation must be designed
to encourage productivity, reward high performance, and align with
organizational goals. Mr. Vardhan’s objective is to implement
B) What factors are kept in mind by
HR Practitioner while designing a Sales compensation plan for Mr. Vardhan. (5
Marks)
Ans 3b.
Introduction
Designing
an effective sales compensation plan requires careful consideration of various
factors to ensure it motivates employees, aligns with business goals, and
remains competitive in the market. Mr. Vardhan, in his quest to develop a
rational compensation structure, must focus on multiple elements such as market
trends, business strategy, role-specific factors, and
Dear students, get
fully solved assignments by professionals
Do send your query at
:
or call us at :
08263069601
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