Compensation Management Question Paper' May 2018 | Dibrugarh University | HRM Major

 2018 (May)

COMMERCE (Speciality)

Course: 603 (Compensation Management)

The figures in the margin indicate full marks for the questions

(New Course)

Full Marks: 80

Pass Marks: 24

Time: 3 hours

1. Answer the following as directed:

(a) The objective of compensation is to motivate employees for better performance. (Write True or False) 1

(b) "Employee's Acceptance of Compensation Level" is one of the economic theories of compensation (Write True or False)  1

(c) Price rate is suitable, where production is closely related to human efforts. (Write True or False)  1

(d) Internal compensation structure is one of the _____ theories of compensation. (Fill in the blank)  1

(e) An employee performance can be appraised in the

(i) trait based

(ii) behaviour based

(iii) result based

(iv) All of the above (Choose the correct answer)  1

(f) The maximum bonus payable is not to exceed

(i) 15%

(ii) 18%

(iii) 30%

(iv) 20% (Choose the correct answer)  1

(g) Mention two characteristics of an effective incentive plan.  2

2. Write short notes on any four of the following:  4x4=16

(a) Executive compensation system and policy

(b) Tournament Theory of Compensation

(c) Profit Sharing and Bonus

(d) Problems of Executive Compensation

(e) Production Linked Incentive Bonus Legal Environment of Compensation

3. (a! What do you mean by compensation management? Discuss the objectives of compensation management. 5+9=14

Or

(b) Explain the principles and importance of compensation management. 7+7=14

4. (a) Discuss the major factors influencing compensation management. 14

Or

(b) Explain the economic and behavioural theories of compensation.  14 

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