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1. Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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ASSIGNMENT
DRIVE FALL 2016
PROGRAM MBADS (SEM 4/SEM 6)MBAFLEX/ MBAN2 (SEM 4)
PGDHRMN (SEM 2)
SUBJECT CODE & NAME MU0015 –Compensation and Benefits
BK BK ID B1859
Credit and Max. Marks 4 credits; 60 marks
Note – Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q1. 1. Discuss the contents of Job Evaluation. Describe the process of Job evaluation
Answer : Content of job evaluation :
Jobevaluationswill determine the salary grade of a job and may occur at any time during the year.
The table below describes the most common reasons for a job evaluation and the corresponding
actions.
In the event that a department manager/supervisor would
Q2 Suppose you are a HR Manager and you are asked to developan effective Incentive Scheme for
your organization. What are the pre-requisites you will consider while developing an Effective
Incentive Scheme? Discuss the merits and demerits of Incentives
Answer: A successful incentive compensation plan focuses on achieving company goals by driving
the right behaviorsinemployees.One of the biggestfailuresof incentive compensation programs is
theyoftendonot take into account all the key drivers that will make the company successful. How
does a company determine if its incentive plan is effective
Q3 Discuss the types of managerial remuneration. Explain the elements of a managerial
remuneration

2. Answer : Managerial remuneration is compensation for services provided to a company in a
managerial capacity.Thiscan include cash payments, along with benefits like stock options, health
insurance,andbonuses.Managersare typicallypaidmore thanthe people theysupervise, although
they tend to make less than the executives at the head of the company. Some pay structures are
transparent, making it easy to determine how much money managers make, while others may be
confidential.
Elements of a managerial remuneration
4. Define PayStructure. Whatare its objectives?Explain the major decisions involved in designing
and setting competitive pay structures
Answer:: Pay structure : A pay structure isa collectionof pay rates or pay ranges. Structure setting
and adjustment is the process of developing, adjusting, and maintaining a pay structure. Salary
structures are a necessary part of effective management. They help make sure that the pay levels
are externally competitive and internally fair.
Reason for developing a proper pay structure :
Salary structures are a necessary part of effective management.
Q5 . Explain the various criteria considered for rewarding the employees for their good service.
Answer : Managers who want to recognize employees for good work have many tools at their
disposal.One of the more traditional ways to reward a top performer is to give her a promotion or
raise or both. But how can you know whether someone is truly ready for the next challenge or
deserving of that bump up in pay?
HR policies and company culture often dictate when and how people move up in a company.
However, managers in most companies have a good deal of input into the decision, and in some
cases they are the ultimate decision makers. Whether
6 Write a short note on the following:
a) Wage Policy Plan in India
Answer:Minimumwagesneedto be fixedinsweatedindustries&fairwage agreementsneed to be
promoted in the more organized industries. Equal pay should be ensured for equal work. Wage
differentials should be provided. Remuneration should be linked to productivity.

3. 1) Fixing of minimum wages: The appropriate government shall fix the minimum rates of
wagespayable toemployeesemployedinthe industriesspecifiedinthe schedule. Revision can take
place once in five years. The minimum wage may be fixed at a rate.
2) Minimum rate of wages: It
b)Voluntary Retirement Scheme(VRS)
Answer : In the present globalised scenario, right sizing of the manpower employed in an
organisation has become an important management strategy in order to meet the increased
competition. The voluntary retirement scheme(VRS) is the most humane technique to provide
overall reductioninthe existingstrengthof the employees. It is a technique used by companies for
trimming the workforce employed in the industrial unit. It is now a commonly method used to
dispense off the excess manpower and thus
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )