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UNIVERSITI TEKNOLOGI MARA FINAL EXAMINATION
COURSE COURSE CODE EXAMINATION TIME
: : : :
COMPENSATION MANAGEMENT HRM654/651 APRIL 2008 3 HOURS
INSTRUCTIONS TO CANDIDATES 1. 2. 3. 4. This question paper consists of six (6) questions. Answer only four (4) questions in the Answer Booklet. Start each answer on a new page. Do not bring any material into the examination room unless permission is given by the invigilator. Please check to make sure that this examination pack consists of: i) ii) the Question Paper an Answer Booklet - provided by the Faculty
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This examination paper consists of 3 printed pages
© Hak Cipta Universiti Teknologi MARA
skill and competency-based approaches would help in designing a perfect internal pay structure? Illustrate your answer with the aid of a table. how can you use principles of procedural justice to overcome the problem of unfair evaluation? (9 marks) b) QUESTION 4 a) Give suggestions how a company evaluate the usefulness of its person-based plans. Provide an example for each perspective to support your answer. (13 marks) b) Why do different perspectives influence the views of compensation? (12 marks) QUESTION 2 a) Contrast the essential differences between 'best fit' and 'best practices' perspectives of compensation. (15 marks) b) Between 'best fit' and 'best practices'. (10 marks) QUESTION 3 a) Why are procedural and distributive justice principles important in addressing equity issues among employees in organizations? (16 marks) As an employee. (17 marks) © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL .CONFIDENTIAL 2 BM/APR 2008/HRM654/651 QUESTION 1 a) Discuss how strategic compensation policies. (8 marks) b) How can you justify that job. which of the perspective is the most superior in designing a compensation system in some Malaysian companies? Justify your answer. objectives and pay techniques help organizations in their decision making.
retaining and motivating employees.CONFIDENTIAL BM/APR 2008/HRM654/651 QUESTION 5 a) Define flexible benefits. p. (9 marks) Table 1: Benefits treatment between contingent workers and full time workers Type of Benefits Holidays Vacations Short term disability Long term disability Life insurance Retirement Medical Dental vision Full Time (%) 89 90 48 38 64 69 85 56 35 Contingent (%) 37 36 14 5 12 27 22 14 9 Source: Milkovich and Newman.411. analyse the benefits treatment between full time workers and contingent workers. (12 marks) QUESTION 6 a) How do you differentiate the differences in compensation system in different countries across the world? (9 marks) Why is it so difficult to make comparisons of international wages? (16 marks) b) END OF QUESTION PAPER © Hak Cipta Universiti Teknologi MARA CONFIDENTIAL . (4 marks) b) Based on Table 1. 2008 c) Explain and justify the issues in attracting.