Total Pages:02

Roll No. ...

13631
SMS/M-17
COMPENSATION MANAGEMENT
IMS-1009
[Maximum Marks 70
Time Three Hours]

in all, selecting at least one

Note: Attempt Five questions
question from each Unit. All questions carry equal
marks.

Unit I

1. What is wage differentials ? What are the objectives and

various bases of wage differentials ?

2. What is the perspective of a society, stockholders,

managers and employees regarding compensation ?
Explain various forms of pay.

Unit II

3. ldentify the most widely followed elements which a MNc

considers while deciding expatriate's compensation
package ? Besides base pay, which would be the most
important benefits provided to him and why ?

(3-4514) L-13631 P.T.O.

 4. As HR management of company what types of
a large
tools you would use to for designing compensation

package ? What special factors would be consideration in

this context ?

Unit III

5.
5. What are objectives of incentive plans ? Explain team

group incentive plans in detail.

6.
6. Give a detailed account of Retirement plans and Bonuses.

Unit IV

7. Define job analysis and explain process of job analysis.

8. What is job evaluation ? Explain various methods of job

evaluation with their merits and demerits.

Unit V

9. Critically evaluate the functioning of wage boards in

India.

10. Evaluate the recommendations of 7th pay Commission

for state employees.

150
L-13631 2
 Roll No.. 13304
Printed Pages: 2
SMS/M-18
COMPENSATION MANAGEMENT
Paper-MS-1009
Time allowed: 3 [Maximum marks: 70
hours]
Note Attempt five questions in all, selecting at least one
question from each unit.
Unit-I
1. What is therole ofconmpensation managementin an organisation?
Explain behavioural theoriesofcompensation with their limitations
2. What do you understand by internal and external equity? How
can
equity in compensation management be improved?
Unit-II
3. What is the objective of compensation survey? Explain the
process and method ofcompensation survey?
What is intemational compensation management system? Explain
various compensation practices ofinternational fims.
Unit-Il
5. What are the essential characteristics of compensation
system?
Explain components of compensation package given to
employees in Indian organisations.
6 What is the objective of incentives? Explain incentive
plans
adopted by the organisations these days.
13304 [Tumover
m (2)
t
Unit-IV
7. Define job analysis. How does job analysis andjob evaluation
help in designing compensation ofan employee?
8. Explain skill based and competency based payment system in an
organisation.
Unit-V
9. Critically evaluate wage administration in India.
10. What is the object and constitution ofPay Commission in India.