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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 2013

Solutions Available: Yes

1. Explain the role of Compensation. Why is an effective Compensation Policy an important function of Management? Discuss. Describe the compensation structure of an organisation you are familiar with.
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.....

2. Explain the Payment of Bonus Act, 1965. Is the employer liable to pay minimum bonus even in case of loss in the establishment? Discuss. Describe, when an employee can become disqualified to claim bonus citing suitable example from an organisation you are familiar with.
Answer. According to this act, employer, employing Twenty or more employees at any day of financial year is liable to pay bonus provided...... The Payment of Bonus Act, 1965, gives the employees a legal right to a share the profits of his......

3. Explain the Concept of job-evaluation. Describe the methods and systems of job-evaluation that have been followed in an organisation you are familiar with. Discuss the advantages and disadvantages of them.
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....

4. Explain what is Performance Linked Reward System? Describe various steps involved in designing a Performance Linked Reward System. Examine the current issues and trends in linking performance with reward system of any organisation you are familiar with.
Answer. Performance Linked Reward System is utilized by organisations to reward employees on an...... These schemes cover the different methods of linking pay to..... A straightforward example for performance based reward system could be best explained......

5. Discuss compensation issues and problems. Describe the characteristic features of managerial compensation. What type of compensation system normally motivates the executives? Explain with suitable examples from an organisation you are familiar with.
Answer. In fact, the problems of compensation are symptomatic of bigger societal...... To build up and manage a compensation system which promotes fair treatment, an organization should consider..... It is vital that you keep some compensation issues in mind.....

MS-27 Solved Assignment IGNOU MBA

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