ASSIGNMENT

DRIVE SPRING 2020

PROGRAM MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER IV
SUBJECT CODE & NAME HRM401 – COMPENSATION AND BENEFITS
BOOK ID B1859
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.

Set-I

Q.No Questions Marks Total Marks

1 Write a short note on the following: a)Wage Policy Plan in India b)Voluntary
Retirement Scheme(VRS)
Wage Policy Plan in India 5
Voluntary Retirement scheme 5 10
2 Discuss the contents of Job Evaluation. Describe the process of Job evaluation
Contents of Job Evaluation 4
Process of Job Evaluation 6 10
3 What are the pre-requisites you will consider while developing an Effective Incentive
Scheme? Discuss the merits and demerits of Incentives.
Pre-requisites for an Effective Incentive Scheme 5
Merits and demerits of Incentives 5 10

Set-II

4 Discuss the types of managerial remuneration. Explain the elements of a managerial

remuneration.
Types of managerial remuneration 2
Elements of a managerial remuneration 8 10
5 Define Pay based Structure. What are its objectives? Explain the major decisions
involved in designing and setting competitive pay structures.
Pay based Structure 2 10
Objectives of Pay based Structure 2
Major decisions involved in designing and setting 6
competitive pay structure
6 Explain the various criteria considered for rewarding the employees for their good
service.
Explanation of the criteria responsible for rewarding the 10 10
employees