Compensation management Question paper for Assignments

1. COMPENSATION MANAGEMENT
MBA – II Year
Question Paper for Assignments
Prepared by - Dr. G C Mohanta, BE (Mech), MSc (Engg.), MBA, PhD (Mgt), Professor
Unit – I
1. What is the role of compensation and rewards in modern organization? What are the
advantages of a fair compensation system?
2. Explain the need for designing of compensation Policy. What is the importance of
compensation system in business organizations?
3. What do you mean by Compensation Structure? What are the components of modern
Compensation structure?
4. Explain the importance of salary survey. What are the objectives of such a survey?
Unit – II
1. Discuss the bases for traditional pay system and modern pay system. How are pay plans
established?
2. How does an organization align compensation strategy with its HR strategy and Business
strategy?
3. What is seniority and longevity pay? How is merit pay linked with competitive strategy?
4. What do you mean by job based pay, skill based pay and competency based pay? Explain.
Unit – III
1. How is internal consistent compensation system built?
2. Explain process of building market competitive compensation system.
3. How does an organization build pay structures that recognizes individual contributions?
4. How do you design pay for knowledge programme? Explain.

2. Unit – IV
1. What are the components of employee benefits? Discuss the legal requirement for benefits.
2. Explain in detail various employee benefits and employee services. What is Voluntary
Employee Beneficiary Association (VEBA)?
3. Discuss the process of designing and planning of benefit program. What do you mean by
totally integrated employee benefit program?
4. What are the components of discretionary core fringe compensation? Explain.
Unit – V
1. What is international compensation? What competitive strategies are important for
international compensation?
2. What compensation packages should be given to expatriates and repatriates?
3. Discuss briefly the strategic issues and choices in using contingent and flexible workers.
4. What are the various elements of executive compensation? Explain.