Compensation & Reward Management (VV2)
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)
Assignment A
1 . What is the importance of job analysis in compensation management? Describe various methods of Job analysis.
2 . " The wage boards have a long history in the Indian Industrial relations system " Discuss its objectives, structure and functions.
3 . What is the major purpose of Equal pay Act and what does require of organisation?
4 . What is job evaluatrion?Explain process of job evaluation.
5 . Explain the fixation and revision of wages as per Minimum Wage Act, 1948.
6 . Explain the determination of bonus payment as per Bonus Act, 1965.
7 . Discuss the New Approach of VRS.
8 . Write short notes on five : (a) Rewards
(b) Fair wages
(c) Job description
(d) Living wages
(e) Gain sharing
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)
Assignment B
Case Detail :
The 1990's were a watershed for for the Indian banking industry, and particularly for nationalised banks hitherto have monopoly in the industry. Following the deregulation of the financial sector, Corp bank has faced increased competition from other financial institutions like Can fin Homes Ltd, LIC Housing Corporation and foreign private banks.These specialised financial institutions were giving a tough competition to Corp Bankresulting an intense squeez on profit margins and the need to make considerable efforts to to retain its clientele. Under such pressure ,Corp bank introduced new technology, new financial products and new reward system for bank managers and staff. Information and communication technologies( ICTs) enabled the bank to process much larger volume of business and just importantly, the new ICTs themselves faciliated the development of new, and technically based product and services ( such as home banking, smart cards and debt cards )which Corp Bank started to market to its customers. Running parallel with these technical changes was the dismantling of the patternalistic human resource managementsystem. In essence, Corp Bank's bureacatic culture and its associated belief system for managers and staff of appropriate behaviour being rewarded by steady promotion through the rank swept aside. The new culture ion the fast changingenvironment, emphasised customer service and the importance of measuring and rewarding staff according to their performance. The new performance related reward system was introduced at the board meeting hewld in June 2002. Mr N.K. Singh ,Chairman and managing Director of the banksaid that the proposed reward system would be a key strategy to ' maintain our reputation and market share'. He outlined that in future, the salary of bank managers would be tied to their leadership skills and quality of customer services. Accordingly,the reward system would link manager's salary to behaviour traits that relate to leadersship and customer service. The variable pay for both managers and staff would be based on what is accomplished because customer service is central to Corp bank's strategic plan, a three category rating system that involves' not meeting' customer expectations, ' meeting' them or 'far exceeding'them, is the essence of the reward system.
1. What types of problems were being facedby Corp Bank?
2. Outline the merits and limitations of Corp Bank's proposed award system for the managers and staff.
3. Develop an alternative reward system for Corp Bank's employees and explain why it is superior to the proposed reward system.
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)
Assignment C
1. Monetary Compensation can be ______________benefits.
monetary
non-monetary
monetary and non-monetary
none of these
2. Wages represent___________ rates of pay.
daily
hourly
weekly
monthly
3. Which are also called payments by results.
allowances
claims
incentives
fringe benefits
4. Incentives depends upon
productivity
sales
profit
all of these
5. Which is perquisites out of following?
club member ship
provident fund
medical allowance
group insurance
6. The following is paid only at the time of employees exit after serving more than 5 years.
Perquisites
claims
gratuity
allowances
7. A behaviour which has rewarding experience is likely to be repeated is postulated by
Equity theory
Agency theory
Reinforcement and expectancy theory
none of these
8. A fair day work for fair day pay'denotes a sense of______ felt by employees.
responsibility
equity
happiness
respect
9. The remuneration system needs to meet the following types of equity.
Internal
External
individual
All of these
10. Which of the following factor(s) influences employees compensation?
Labour market
cost of leaving
labour unions
All of these
11. The following is not the part of remuneration model.
job description
job evaluation
job analysis
job hierarchy
12. The organised industrial establishments pay review take place once in ___________.
Ten years
five years
three years
fifteen years
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)
13. Equal remuneration Act 1976, prohibts discrimination in matters, relating to remuneration on the basis of
religion
region
sex
all of these
14. Which of the following is not a concept of wages.
Fair wages
minimum wages
daily wages
living wages
15. Which of the following can be fixed by comparison withan accepted standard wages.
minimum wages
fair wages
living wages
all of these
16. A____________ must be fixed considering the general economy of the country.
Minimum wages
fair wages
living wages
all of these
17. Providing equal pay for jobs of equal nature based on job evaluation ensures___________ in compensation administration.
external equity
internal equity
neutrality
none of these
18. In India, ______________ wage is determined mainly for sweated industries.
Fair wages
minimum wages
living wages
standard
19. Payment for cash rewards for the work extracted from the employee is normally called
direct compensation
indirect compensation
non- monetary compensation
none of these
20. Which of the following is the fixed component in compensation package?
Profit sharing
gain sharing
base sharing
equity stock option
21. Insurance schemes, retire benefits and leave travel concessions are example of
Indirect monetary compensation
direct monetary compensation
non- monetary compensation
none of these
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)
22. Managers never own complete responsibily for the all the decisions made by them since they are not the owners of the busness is the assumption of the
Equity theory
expectancy theory
agency theory
contigency theory
23. Wages which are usually positioned about the minimum wages but below the living wages are described as
real wages
fair wages
minimum wages
living wages
24. Wages usually adjusted for the prevailing rates of inflamation is called
real wages
minimum wages
fair wages
living wages
25. When there are several pay grades in a pay structure, it is called
broad graded structure
traditional pay structure
job family structure
none of these
26. Provisions of cars, parking lots, and membership in country club are examples of
base salary of executives
short term incentives plans
perks for executives
all of these
27. Stock option and performance shares are examples of
base salary
short term incentive plan
long term incentive plan
all of these
28. Performance based annual bonuses are examples of
base plan
short term incentive plan
long term incentive plan
all of these
29. Direct compensation includes which of the following
flexible benefits
long term incentive pay
workers compensation
unpaid leaves
30. Indirect compensation is represented by which of the following
social security benefits
short term incentive pay
differential pay
merit pay
31. Which of the following is not one of the main three factors of the HEY system?
experience
know how
problem solving
accountability
32. Which of the following is funding feature of a health plan?
HMO coverage
PPO coverage
self insurance
office visits
33. Which of the following is a legally mandated benefit?
Workers compensation
social security
unemployment compensation
all of these
34. Which of the following Acts deals directly with descriminationin compensation?
Comparable worth
Equal pay Act
Davis Bacon Act
Fair labour standards Act
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)
35. Similarity in pay for jobs requiring comparable level of knowledge, skill and abilityeven where actual job duties differ significantly is the
equal pay
pay equity
pay check fairness Act
none of these
36. An incumbent who is paid below the range set of job
red circle employee
blue circled employee
green circled employee
none of these
37. Variable pay is also known as
performance pay
incentives
group pay
group performance pay
38. Which of the following categories is not example of payment that is consistant from period to period despite the number of hours worked
wages
salary
reward
incentives
39. Which of the following catories is not an example of an exempt classification?
executives
sales
professional
technical
40. The equal pay Act for equal work of same skills, effort and responsibilities which of the following is not the exemption of the Act?
seniority
performance
overtime
geographic location
We Also Provide SYNOPSIS AND PROJECT.
Contact www.kimsharma.co.in for best and lowest cost solution or
Email: solvedstudymaterial@gmail.com
Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only)