semester 4 -MBA assignment compensation and benefits

 assignment 

 


PROGRAM

MASTER OF BUSINESS ADMINISTRATION (MBA)

SEMESTER

IV

course CODE & NAME

hrm401 – compensation & Benefits

CREDITS  

4

nUMBER OF ASSIGNMENTS & Marks

02

30 Marks each

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 - 450 words. Each question is followed by evaluation scheme.

Q.No

Assignment Set – 1

Questions

Marks

Total Marks

1.     

Explain the concept of Compensation Management by briefly explaining the 3p Parameters.

4+6

10

2.     

Explain compensation management and different compensation components under both Indirect and Direct Compensation. Explain the process of value-based compensation design with a structure.

5+5

10

3.     

Explain the objective of Performance Management. Briefly explain the process of Performance Management by depicting it through a flow chart.

5+5

10

 

Q.No

Assignment Set – 2

Questions

Marks

Total Marks

4.  

Define the methods, systems and processes of job evaluation.  Explain the concept of Equity at both the Internal & External levels.

5+5

10

5.     

Define the Voluntary Retirement Scheme (VRS) concept and the reasons for adopting VRS. List Merits & Demerits of VRS?

5+5

10

6.     

Explain the principles of Managerial Remuneration.  Briefly elucidate important features of Executive Compensation and elements of Managerial Remuneration.

10

10

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