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Ignou MBA Solved Assignments
IGNOU MBA Solved Assignments

MS-27 Solved Assignment Wage and Salary Administration

Rs. 250.00

  • Version: July - Dec 2014

Solutions Available: Yes

Q. Explain the concept and role of compensation. Describe the compensation structure of any organization you are familiar with. Briefly describe the organization you are referring to.
Answer. Employee compensation could possibly be a deciding factor in whether or not an applicant accepts a job position.... Employee compensation and benefits are primarily..... The right employee compensation program and benefits plan could make a big difference when it comes.....

Q. Explain the need, object and scope of the minimum wages Act, 1948. Describe the various methods of fixation /revision of minimum wages under the minimum wages Act. Discuss, can the employer discriminate the women employee in respect to wages.
Answer. The Minimum Wages Act aims at establishing a mechanism for fixing minimum wage rates in various kinds of employments. It extends to the whole of India. It applies to any person who directly, or through a contractor, employs one or more employees in any of the "scheduled" employment for which minimum wages...... The Act prescribes the minimum rates of wages payable to employees for different scheduled employments for different classes of work and for adults, adolescents, children and apprentices depending upon different localities........

Q. Define job evaluation. Describe the various methods and systems of job-evaluation. Discuss, how job evaluation is linked with wage fixation, citing example from any organization your familiar with.
Answer. Job evaluation is a technique for evaluating different jobs to give a basis for a grading and pay structure.... Most present job evaluation techniques are known as..... Job Evaluation helps to produce a fair and equitable level for all....

Q. Define and discuss incentives and different types of incentive systems. Describe the prerequisites for the effective incentive scheme and there respective merits and demerits.
Answer. Incentives are intended to encourage people before the event to work harder and achieve more. Incentives are supposed to provide direct motivation: ‘Do this and we will make it worth your while.’ Incentives are generally financial but they can take the form of non-financial rewards such as promotion or a particularly interesting assignment....... Like salary, incentives operate as a relationship between the employee and the organization, again based on financial performance. Recognition operates more as a direct relationship between the employee and his or her manager (or colleagues), and this is a critical difference.......

Q. Define and differentiate between tax planning and tax avoidance. Describe the tax implication of compensation package to the employer and employees with suitable examples from an organization you are familiar with.
Answer. Tax planning includes the minimization of tax payments by attempting to eliminate the tax entirely or providing for taxation at lower tax rates. But often it is not possible to reduce the tax ultimately payable. As an alternative, much tax planning is concerned with deferring tax payments from the current year to a.....

MS-27 Solved Assignment IGNOU MBA

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Old Sample Answer

Q. What is job-evaluation?
Answer. Job evaluation is the process of systematically assessing the relative importance of jobs in a company so that they can be placed in a rank order. Usually each job is compared with all other jobs in the same company using an analytical framework that enables the user to make logical judgements about job size. It is important to remember that job evaluation is a tool........... Generally, job evaluations are conducted in two ways. These are analytical and non-analytical job evaluations.44 In case of analytical job evaluation, the extent of the presence of certain defined factors in a job decides its value in the organization. As regards non-analytical job evaluation, the total job is measured and matched with other jobs to determine its overall rating within the organization........ Compensation decisions have to be taken on the basis of information and job evaluation is one method to establish information on the basis of which compensation decisions can be made. By design, job evaluation focuses internally and does not take into account market forces, individual skills or individual performance........ Job evaluation schemes divide broadly into analytical and non-analytical schemes. Non-analytical schemes are ranking, paired comparison and classification. These are considered further below........

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