MU0015-COMPENSATIONAND BENEFITS Spring 2016

 

DRIVE SPRING2016
Program MBA
Semester 4
Subject code&name MU0015-COMPENSATIONAND BENEFITS
BookID B1859
Credit &Marks 4 CREDIT, 60 MARKS

 

 

Q.

No

  Marks TotalMarks
1 (i)Whatismeantby “compensationmanagement”?

 

(ii)Organizationsdesignouttheemployeecompensationpackagesbasedonsome‘compensation’and‘non-compensation’dimensions.Describein briefthe‘compensation’dimensions.

  10
  (i)Meaningofcompensationmanagement 2
(ii)Descriptionofcompensation’dimensions 8
2 Explaintheconceptof Wage?

Listdownthepre-requisites ofeffectiveIncentiveschemes?

  10
  Explainwageconcept 5
Pre-requisitesofeffectiveIncentiveschemes 5
3 WhatdoyouunderstandbyVRS(VoluntaryRetirementScheme?Alsolistdownreasons,merits anddemeritsofVRS?   10
  ConceptofVRS 2
ReasonforadoptingVRSbyorganization,MeritsanddemeritsofVRS 8
4 DiscusstheOrganizationaland ExternalFactorsAffectingCompensationstrategies?   10
  Organizationaland ExternalFactorsAffectingCompensationstrategies 10
5 ExplaintheelementsofManagerialremuneration?Elucidatesomeoftheeconomicdeterminants ofpay?   10
  ElementsofManagerialremuneration 5
Economicdeterminantsofpay 5
6 Who are‘Expatriates’? What are the objectives of ‘Expatriatecompensation’?DifferentiatebetweenFinancial(extrinsic)compensation and Non-financial(intrinsic) compensation.   10
  Meaningof expatriates

Objectivesofexpatriatecompensation

DifferencebetweenFinancialcompensation&Non-financialcompensation

2

3

5

 

 

*Note–Answerallquestions.Kindlynotethatanswersfor10marksquestionsshouldbeapproximatelyof 400 words. Eachquestion is followed byevaluation scheme.