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HRM401 MBA Sem 4 Sem 6 SMU Spring 2018 Solved Assignment At Nominal Price
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if urgent then call us on 08791490301, 08273413412

DRIVE-Spring 2018

PROGRAM-MBADS (SEM 4/SEM 6)MBAFLEX/ MBAN2 (SEM 4)PGDHRMN (SEM 2)

SUBJECT CODE & NAME-Hrm401 –Compensation and Benefits

CREDIT & MARKS-4 Credits, 60 marks

SET 1

Q1.Discuss the contents of Job evaluation. Describe the process of Job evaluation.
(Explain the contents of Job Evaluation, Explain the process of Job Evaluation)
Answer.
Contents of Job Evaluation
Job content is

Q2.Suppose you are a HR Manager and you are asked to develop an effective Incentive Scheme for your
organization. What are the pre-requisites you will consider while developing an Effective Incentive Scheme?
Discuss the merits of Incentives.
(Explain the pre-requisites for an Effective Incentive Scheme, Explain the merits of Incentives)
Answer.
Pre-requisites for an Effective Incentive Scheme
These pre-requisites are as under:
 The incentive scheme must be influenced by scientific work measurement like the standards set must be
practical and

Q3.Discuss the types of managerial remuneration. Explain the elements of a managerial remuneration
(Explaining the types of managerial remuneration, explaining the elements of a managerial remuneration)

Answer.
Types of managerial remuneration
The term remuneration covers the following types of expenditure incurred by the company for its Director or his
family –
 Rent free

SET 2

Q3. Define Pay Structure. What are its objectives? Explain the major decisions involved in designing and
setting competitive pay structures
(Definition of Pay Structure, Objectives of Pay Structure, Explain the major decisions involved in designing
and setting competitive pay structure)
Answer:
Pay Structure
A pay/salary structure refers to the collection of salary grades, bands or levels, connection of related jobs within a
series or hierarchy which helps the organisation in providing a framework for the implementation of various policies
and reward strategies within the organisation. Various salary structures are connected with varying types of salary
progression
Q2.Explain the criteria’s considered for rewarding the employees for their good service
(Explanation of the criteria’s responsible for rewarding the employees)
Answer.
Criteria’s considered for rewarding the employees for their good service
The criteria for rewarding the employees for their good service in the firm are as follows:
1. Analysing and surveying of staff: Conducting the surveys disregarded as one of the most critical challenge
for the firms when it comes to motivate their employees. For this the firm must deeply understand their
employees as well as their culture. Thus for this

Q3. Write a short note on the following:
A) Wage Policy Plan in India
B) Voluntary Retirement Scheme (VRS)
(Wage Policy Plan in India, Voluntary Retirement scheme)
Answer.
a) Wage Policy Plan in India
Wages means all remuneration expressed in terms of money and includes remuneration payable under any award or
settlement, overtime wages ,wages for holiday and any sum payable on termination of employment(bonus is not
included.        

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