This document provides information about getting assignment help from a professional service. It includes: - Contact details for an assignment help service via email or phone call, including their mail ID and phone number. - A sample assignment for the subject "Compensation and Benefits" from the semester/specialization MBADS (SEM 4/SEM 6) / MBAN2 / MBAFLEX (SEM 4) and PGDHRMN (SEM 2). - Instructions for the assignment including answering all questions and noting the word count requirement for longer questions. The document provides an example of an assignment that students can submit to the help service for fully solved answers from professionals. It aims to inform students about getting

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ASSIGNMENT
DRIVE SPRING 2015
PROGRAM/ SEMESTER MBADS – (SEM 4/SEM 6) / MBAN2 / MBAFLEX – (SEM 4)
PGDHRMN – (SEM 2)
SUBJECT CODE & NAME MU0015 – COMPENSATION AND BENEFITS
BOOK ID B1859
CREDITS 4
Max. MARKS 60
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.
1 (i) What is meant by “compensation management”?
Answer : Compensation Management is an organized practice that involves balancing the work-
employeerelationbyprovidingmonetaryandnon-monetarybenefits to employees. Compensation
includes payments such as bonuses, profit sharing, overtime pay, recognition rewards and sales
commission. Compensation can also include non-monetary perks such as a company-paid car,
company-paid housing and stock options. Compensation is an integral part of human resource
managementwhichhelpsinmotivatingthe employees and improving organizational effectiveness.
In recent years a great deal of attention
2 Explain the steps involved in designing a salary structure. List the components of pay structure.
Answer : Pay structure : A pay structure is a collection of pay rates or pay ranges. Structure setting and
adjustment is the process of developing, adjusting, and maintaining a pay structure. Salary structures are a
necessarypartof effectivemanagement.Theyhelpmake sure that the pay levels are externally competitive
and internally fair.

2. Reason for developing a proper pay structure :
Salary structures are a necessary part of effective
3 Define the term ‘wage’. Write a brief note on ‘wage policy’.
Answer : Components of wages :
Minimumwagesneed to be fixed in sweated industries & fair wage agreements need 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.
1) Fixing of minimum wages: The appropriate
4. Explainthe conceptof ‘tax planning’with an example.Explainitsrole in Compensation Benefits.
Answer:Here are some examples of tax planning by which an individual or firm can plan to reduce
their tax liabilities.
Residential status: Sometime by better tax planning a taxpayer can avoid becoming resident in a
particularyear.The advantage of thisisthat if he is non-resident in a particular year, he is not liable
to be taxed for his overseas income in India.
Individual’s investment: Taxpayer can plan investment in a manner so that overall return is
optimum. This may involve analyzing different investment options taken into consideration,
availability of tax deduction u/s 80C, exemption of interest/dividend income on a particular
investment, capital gain, possibility of
5 Define ‘reward management’. What are its aims? Explain the factors affecting reward
management policies in service sector.
Answer:Rewardmanagement is about the design, implementation, maintenance, communication
and evolution of reward processes which help organizations to improve performance and achieve
their objectives.
Rewardprocessesare basedonrewardphilosophiesandstrategiesand contain arrangements in the
shape of policies and strategies and contain
6 Who are ‘Expatriates’? What are the objectives of ‘Expatriate compensation’? Differentiate
between Financial (extrinsic) compensation and Non-financial (intrinsic) compensation.
Answer : Negotiating expatriate compensation is a bit more complicated than figuring local
compensationforresidents.There are manyfinancialeffectswhichatransferringemployee willwant
to take into consideration and will expect their employer to compensate for one way or another.
Objectives :

3. A company that decides to transfer an employee to
Dear students, get fully solved assignments by professionals
Send your semester & Specialization name to our mail id:
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Or
Call us at: 095695-71214
(Kindly prefer mailing & Call in case of urgency)