Download JNTUH MBA 4th Sem 2018 May Compensation and Reward Management Question Paper

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Time: 3 Hours

Question Paper Code: CMB422

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MBA IV Semester End Examinations (Regular) - May/June, 2018

Regulation: R16

Compensation and Reward Management

(MBA)

(Elective : Human Resource)

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Answer ONE Question from each Unit

All Questions Carry Equal Marks

All parts of the question must be answered in one place only

Max Marks: 70

UNIT I

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1. (a) Discuss the role of compensation management in an organization. [7M]
   (b) What are the various principles of compensation management. [7M]
2. (a) What are the factors responsible for intra and external-industry compensation differentials? Give suitable examples to support your answer. [7M]
   (b) Explain the various consequences of pay dissatisfactions among employees. [7M]

UNIT II

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1. (a) What is job evaluation? Write any two methods of job evaluation with examples. [7M]
   (b) You have been asked to conduct a compensation survey by your management, discuss what process you will follow? [7M]
2. (a) Prepare a cost to company structure for the position of a sales trainee in a retail industry. [7M]
   (b) If you are HR Manager of a multinational organization, what compensation management process will you follow to make on time and accurate salary payment to your employees. [7M]

UNIT - III

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1. (a) Discuss how Maslow's hierarchy of needs theory affects the organization benefits policy with suitable example. [7M]
   (b) Discuss how the performance appraisal helps in compensation management? [7M]
2. (a) Explain the various types of fringe benefits and write suitable examples. [7M]
   (b) Is incentive a bribe? Critically evaluate the statement and justify your answer with appropriate reasoning. [7M]

UNIT IV

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1. (a) Explain the various types of executive pay and packages. [7M]
   (b) What are the objectives of incentive plans and write the advantages of incentive plans. [7M]
2. (a) Explain the factors influencing on executive compensation. [7M]
   (b) Distinguish between fixed pay performance and pay performance. If performance pay is better, justify your answer. [7M]

UNIT - V

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1. (a) If you are HR Manager of a retail organization which type of compensation strategy will you prefer among the following:
   1. Pay based on position
   2. Pay based on person and
   3. Pay based on performance.
   [7M]
   (b) "In this era of talent wars, compensation structures have lost their utility” evaluate the statement with examples to justify your answer. [7M]

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2. (a) Imagine that you are starting a food business. Prepare a compensation plan to your employees. [7M]
   (b) Discuss various challenges involved in compensation management. [7M]

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