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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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ASSIGNMENT
Course Code : MS - 27
Course Title : Wage and Salary Administration
Assignment Code : MS-27/TMA/SEM - II/2016
Coverage : All Blocks
Note:Attempt all the questions and submit this assignment on or before 31st October, 2016 to the
coordinator of your study centre.
Question.1. Explain the concept and structure of compensation.
Describe the functions and responsibilities of compensation
programme of an organization you are familiar with.
Answer: Compensationcanbe definedasall of the rewardsearnedbyemployees in return for their
labour. This includes:
 Direct financial compensation consisting of pay received in the form of wages, salaries,
bonuses and commissions provided at regular and consistent intervals
 Indirectfinancial compensationincludingall financial rewards thatare not included in direct
compensation and can be understood to form part of the social contract between the
employerandemployeesuchasbenefits,leaves,retirementplans,education,andemployee
services
 Non-financial compensation referring
Question.2. Explain the purpose and application of the payment of
wages Act, 1936. Describe the concept of deduction from wages
and limits on the total amount of deduction can the fine be
deducted from wages of an employed persons? If so, subject to
what conditions.
Answer: The Payment of Wages Act regulates the payment of wages to certain classes of persons
employedinindustryanditsimportance cannotbe under-estimated.The Actguaranteespaymentof

2. wageson time andwithoutanydeductionsexceptthose authorisedunderthe Act. The Act provides
for the responsibilityforpaymentof wages, fixation of wage period, time and mode of payment of
wages, permissible deduction as also casts upon the employer a duty to seek the approval of the
Governmentforthe acts and permissionforwhichfinesmay be imposed by him and also sealing of
the fines, and also for a machinery to hear and
Question.3. What do you understand by the concept of wages,
explain the concept of basic wage through examples. Why dearness
is allowance an integral part of pay packet, explain how is it
administered?
Answer: CompensationManagementisthe mostimportantconceptfromthe organisation'spointof
view.Today,itisthe biggestproblemforevery organistion to retain and attract the employees. So,
to remove these problems an organisation should have a deep knowledge about Pay-packet
composition.Paypacketisacomprehensivetermconsistsof severalelements.Itscompositionsare -
Basic wage, Dearness allowance, House rent allowance, City compensatory allowances, annual
statutory bonus, Incentive, Bonus (Fixed Variable and variable), various other perks, Benefits,
Medical, Conveyance Etc.
The pay-packet remains the important element of human resource management to retain and
motivate employees. It is must for every organisation
Question.4. Define “incentives”. Bring out their advantages and
limitations. Explain the various individual and group incentive plans
and their respective merits and demerits.
Answer: Wageincentive refers toperformance linkedcompensationpaidtoimprove motivation and
productivity.Itisthe monetary inducements offered to employees to make them perform beyond
the acceptance standards.
According to the National Commission of Labour “
Question.5. Describe the tax planning for employee compensation
in any organization you are familiar with. Explain the tax
implications of employee compensation package to the employer
and employees.
Answer: There are many federal, state, and local employment and tax laws that impact
compensation. These laws define certain aspects of pay, influence how much pay a person may
receive, and shape general benefits plans.

3. The Fair Labor Standards Act (FLSA) is probably the most important piece of compensation
legislation. Small business owners should be thoroughly
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