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Solved, MU0015 Compensation Benefits

Solved, MU0015 Compensation Benefits

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Published by Arvind K
Solved, MU0015 Compensation Benefit
Solved, MU0015 Compensation Benefit

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Published by: Arvind K on Nov 06, 2011
Copyright:Attribution Non-commercial


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Master of Business Administration-MBA Semester IVSubject Code – MU0015Subject Name – Compensation BenefitsAssignment Set- 1 (60 Marks)Note: Each question carries 10 Marks. Answer all thequestions.1. Discuss the element of compensationCompensation Philosophy:
Identifies target market position for competitive pay levels andarticulates the company s commitment to motivating, and rewardingemployee contribution and performance through the various elementsof the company s total pay system.
Base Pay:
Pays for standard job duties, skills and results. Should be designed toreflect competitive rates for comparable jobs within identifiedmarketplace.
Performance Based Variable Pay:
Designed to reward achievement of specific company and/or individualperformance objectives. Payouts vary based on company and/orindividual achievement. Types of variable pay plans include:·*Skill pay*Incentive pay/bonus plans*Commission*Gain sharing/results sharingLong Term Incentive Compensation:
d Assignment Contact :mba8182@gmail.com( 09873669404 )
Designed to reward long term company performance. Individual joblevel/performance may impact eligibility to participate. Can be aneffective retention tool.Benefits Broad range of practices including health insurance, vacation,leave policies, and retirement and savings plans. Designed to addresshealth and welfare needs of employees. Can send strong messagesabout company culture and values.
Perks & Non-Cash Rewards
Used to recognize exceptional contribution, performance, commitmentto culture and values. Variety of methods including additional time off,tickets to events, trips, dinners, public recognition, etc.
For Solved
SMU Assignment
1000 Rs
2. Explain the economic theories of wages3. Write down the characteristics of job design4. Explain the different job evaluation approaches5. List and explain the components of CTC6. Briefly explain the variable compensationSolve
d Assignment Contact :mba8182@gmail.com( 09873669404 )
Master of Business Administration-MBA Semester IVSubject Code – MU0014Subject Name – Compensation BenefitsAssignment Set- 2 (60 Marks)Note: Each question carries 10 Marks. Answer all thequestions.1. Write a note on objectives of motivation
Self preservation, whether this is pointed directly to survivial ortowards our image of ourselves painted by our beliefs and ideals.What I mean by this is that we have in our mind a view point of who weare and we trive to accomplish this in either advancement or acontinuation of our currant state. This personal view point might lookdown upon theft, and so seeing a theft we might feel "motivated" tocall police, in order to up keep our currant view of what kind of personwe see ourselves as.How would you react, if your seven year old daughter declared thatshe would like to be an airline pilot? Would you immediately order aregistration form from the national airline? Move close to the airport sothat the daughter could visit it frequently later on? – Probably not. Youwould certainly be pleased that your daughter has this objective, butyou would also explain that she will still have to go to school for a fewmore years.
d Assignment Contact :mba8182@gmail.com( 09873669404 )

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