2016 (May)
COMMERCE (Speciality)
Course: 603 (Compensation Management)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
The figures in the margin indicate full marks for the questions
1. Answer the following as directed: 1x8=8
(a)
Compensation is one of the most powerful motivators of behaviour. (Write True
or False)
(b)
Mention one of the behavioural theories of compensation.
(c) The
Equal Remuneration Act was passed in (Fill in the blank)
(d) Employees
working in industrial establishment shall be provided benefits under the
provisions of the Payment of Gratuity Act, 1972. (Fill in the blank)
(e) Fringe
benefits refer to various extra benefits provided to employees because of
'their productive effort. (Write True or False)
(f) Dearness
allowance is a form of
(i) fixed
compensation
(ii)
variable compensation
(iii) None
of the above (Choose the correct answer)
(g)
Bargaining theory was propounded by______. (Fill in the blank)
(h)
Mention one of the challenges in compensation management.
2. Write short notes on any four of the following: 4x4=16
(a)
Methods of Wage Payment
(b) Labour
Market Theory
(c) Types
of Incentive
(d)
Components of Compensation
(e)
Problems of Executive Compensation Role of Pay Commission
3. (a) Discuss the role of compensation management in
organizations.
Or
(b) Define
the term wage'. Briefly explain the essentials of a sound wage plan. 4+8=12
4. (a) Describe the factors influencing the compensation
management. 11
Or
(b)
Explain the determinants of intra and inter-industry compensation differentials
with suitable examples. 11
5. (a) Discuss different stages of compensation planning.
Or
(b)
Explain the role of Wage Boards in compensation management.. . 11
6. (a) What do you mean by mean by incentives? Explain the
characteristics of an effective incentive plan. 3+8=11
Or
(b) What
is strategic compensation? Discuss various pay-for-performance programmes. 3+8=11
7. (a) Define compensation ethics. Explain the causes of ethical
problems in compensation management. 3+8=11
Or
(b) Discuss
the issues involved in international compensation management. 11
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