Dear students get fully solved assignments
call us at :- 08263069601
or
mail us at
help.mbaassignments@gmail.com
Winter/
November 2012
Master of
Business Administration- MBA Semester 4
MU0015
–Compensation Benefits - 4 Credits
(Book ID:B1336)
Assignment
Set -1 (60 marks)
Note:
Assignment Set -1 must be written within 6-8 pages. Answer all questions.
Q1.List
the various elements of compensation. 10
marks(350-400 words)
Answer : The primary elements of a compensation package are:
I. Base Pay:
Base Pay is the fixed rate of compensation
that an employee receives for performing the standard duties and assignments of
a job. Employers need to ensure that base-pay programs are designed to reveal
market practices within their identified competitor group. To achieve this
organizations must first identify their competitive market. This can be
achieved by considering different factors, including the nature of the
industry, geographic
Q2.What
is CTC? What are the components of CTC? 10 marks(350-400 words)
Answer : The phrase "Cost to Company" or CTC, as it is
commonly known, means different figures to different people.
-For
the Company, Cost to company is a term which essentially implies the amount
of expenses the company will spend on an
Q3.Explain
the link between employee satisfaction and compensation. 10 marks(350-400 words)
Answer : Linking employee satisfaction
to compensation is being practised since long time in most of the
organisations. Compensation designs based on this link usually measure
performance from a relatively objective side, such as sales or revenues, stock
price, productivity gains and so on. The example of this effort in recent times
is embedded in labour contracts recently negotiated at United Airlines (UAL).
The unions were able to
Q4.What
are the major issues related to repatriation? 10 marks(350-400
words)
Answer : The term repatriation refers
to bringing the employees who are on an international assignment back to the
home country. It is very important to manage repatriation of employees in a
very careful way. A poorly managed repatriation can lead to a feeling of
frustration and cynicism in the employees. These feelings can be worse than the
culture shock experienced in the first weeks of the assignment. It requires
transparency
Q5.Write
short notes on the following economic theories of wages:
a.
Residual claimant theory
Answer : The residual-claimant theory
holds that, after all other factors of production have received compensation
for their contribution to the process, the amount of capital left over will go
to the remaining factor. Smith implied such a theory for wages, since he said
that rent would be deducted first and profits next. In 1875 Walker
b.
Subsistence theory
5 +5 marks(150-200 words)
Answer
: The subsistence theory of wages, advanced by David Ricardo and
other classical economists, was based on the population theory of Thomas
Malthus. It held that the market price of labour would always tend toward the
minimum required for subsistence. If the supply of labour increased, wages
would fall, eventually
Q6.Mr.Sarvesh
is the HR Manager of First Source Pvt. Ltd. He found that many of the employees
have been doing the same work for a long period of time. He decided to enrich
some of their jobs. List some of the strategies which can be used by Mr.
Menthol to enrich jobs in organisations.
10 marks(350-400 words)
Answer : Job enrichment is a way to
motivate employees by giving them increased responsibility and variety in their
jobs. Many employers traditionally believed that money was the only true
motivating factor for employees and that if you wanted to get more work out of
employees, offering them more money was the only way to do it. While that may
be true for a small group of people, the majority of workers today like to work
and to be
Dear students get fully solved assignments
call us at :- 08263069601
or
mail us at
help.mbaassignments@gmail.com
No comments:
Post a Comment
Note: only a member of this blog may post a comment.