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DRIVE-winter
2015
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.
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?
(Explain
the pre-requisites for an Effective Incentive Scheme)
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 standards.
·
All
indirect staff
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;
·
Any
benefit or amenity in respect of accommodation free of charge;
·
Any
other benefit or amenity free of charge at a concessional rate;
·
Any
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 reward
strategies within the
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 and surveying of staff: Conducting the surveys
is regarded as one of the most critical challenge for the firms when it
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
compensation
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs 125/subject and rs 700/semester only.
if urgent then call us on 08791490301, 08273413412
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