Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2016 Winter 3rd Sem 2830302 Compensation Management Cm Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3 ? ? EXAMINATION ? WINTER 2016
Subject Code: 2830302 Date: 04/01/2017
Subject Name: Compensation Management (CM)
Time: 02.30 PM TO 05.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1
(a)
Objective Questions 6
1.
Which among the following is relational communal reward with respect to
Towers Perrin model of reward management ?
A. Contingent pay B. Healthcare
C. Leadership D. Career development
2.
Rewarding employees based on their ability and skills to do a job for a
specialized job is known as
A. Skill based rewards. B. Market rate Rewards
C. Contribution related
rewards.
D All of the above
3.
Evaluation and monitoring reward practices by assessing views of those
who are at receiving end of pay policies is known as
A. 360 degree feed back B. Attitude survey
C. Relational mechanism D. Stake holders? approach
4.
Which one from the below is not an important component circle of IES
model of employee engagement ?
A. Commitment B. Perception
C. Motivation D. None of the above
5.
Which one among the following is not a collective intrinsic reward?
A. Quality of working life B. Core Values
C. Work life balance
policies
D. None of the above
6.
Functional or cross functional teams set up to deal with an immediate
problem and operate as task force are known as
A. Project teams B. Work teams
C. Organizational teams. D. Ad hoc teams
Q.1 (b) Explain following
(1) Intrinsic and Extrinsic Motivation
(2) Convergence and divergence in reward policy
(3) Allowances
(4) Stake holder
04
Q.1 (c) Diagrammatically explain , various elements of total reward. 04
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Page 1 of 3
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3 ? ? EXAMINATION ? WINTER 2016
Subject Code: 2830302 Date: 04/01/2017
Subject Name: Compensation Management (CM)
Time: 02.30 PM TO 05.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1
(a)
Objective Questions 6
1.
Which among the following is relational communal reward with respect to
Towers Perrin model of reward management ?
A. Contingent pay B. Healthcare
C. Leadership D. Career development
2.
Rewarding employees based on their ability and skills to do a job for a
specialized job is known as
A. Skill based rewards. B. Market rate Rewards
C. Contribution related
rewards.
D All of the above
3.
Evaluation and monitoring reward practices by assessing views of those
who are at receiving end of pay policies is known as
A. 360 degree feed back B. Attitude survey
C. Relational mechanism D. Stake holders? approach
4.
Which one from the below is not an important component circle of IES
model of employee engagement ?
A. Commitment B. Perception
C. Motivation D. None of the above
5.
Which one among the following is not a collective intrinsic reward?
A. Quality of working life B. Core Values
C. Work life balance
policies
D. None of the above
6.
Functional or cross functional teams set up to deal with an immediate
problem and operate as task force are known as
A. Project teams B. Work teams
C. Organizational teams. D. Ad hoc teams
Q.1 (b) Explain following
(1) Intrinsic and Extrinsic Motivation
(2) Convergence and divergence in reward policy
(3) Allowances
(4) Stake holder
04
Q.1 (c) Diagrammatically explain , various elements of total reward. 04
Page 2 of 3
Q.2 (a) Explain internal and external contextual factors affecting reward strategies
of a firm.
07
(b) Explain Zingheim and Schuster model of reward management , and also
brief ? how that is different from Towers Perrin model?
07
OR
(b) What is High performance culture and how reward system can help in
building up high performance culture? Explain with suitable examples.
07
Q.3 (a) Explain Home country based , Host country based and Hybrid basis
reward strategies with respect to international reward strategy.
07
(b) How reward strategy affect?s on team performance? What reward strategy
you will recommend to build high performing teams?
07
OR
Q.3 (a) Explain IES model of employee engagement with example. 07
(b) Differentiate between Competency ?related pay and contribution related
pay with suitable examples.
07
Q.4 (a) Explain various factors affecting pay levels , diagrammatically. 07
(b) Write a note on , Definition , scope , applicability , major amendment and
exclusion of applicability of Payment of Wages act , 1965.
07
OR
Q.4 (a) Differentiate among ? broad banded , broad graded and narrow graded ?
grade structures of the rewards.
07
(b) Write a note on , Definition , scope , applicability , major amendment and
exclusion of applicability of Payment of Bonus Act , 19
07
Q.5 Shekhar and Sharma owned and operated Sagar Hotel in 1992. By 2000
they expanded well and had four hotels in a good locations at Delhi at
four different places. Shekhar was head marketing and HR than and
Sharma was heading all operations , of hotel and restaurant completely.
Shekhar often commented ?We reward the contribution of the people ,
not their hours of work? as HR head. Sharama too is agreed on the same.
This philosophy found expression through Varity of incentives
introduced by the promoters for improving leaving standards of the
workers. They hired local consulting firm. They jointly designed
following scheme.
? Executives will get 1% of profit every quarter,
? When occupancy get over 95% - hourly worker will get free
lunch at hotel.
? Housekeepers will be paid minimum wages plus Rs.50 per room
when they meet hotels? ?15 points cleanliness checking?.
? Reservation officers will be paid minimum wages , besides Rs.
25 for each reservation of rooms they book.
Questions
(1) Critically evaluate and discuss , what problems you see with
14
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Page 1 of 3
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER 3 ? ? EXAMINATION ? WINTER 2016
Subject Code: 2830302 Date: 04/01/2017
Subject Name: Compensation Management (CM)
Time: 02.30 PM TO 05.30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1
(a)
Objective Questions 6
1.
Which among the following is relational communal reward with respect to
Towers Perrin model of reward management ?
A. Contingent pay B. Healthcare
C. Leadership D. Career development
2.
Rewarding employees based on their ability and skills to do a job for a
specialized job is known as
A. Skill based rewards. B. Market rate Rewards
C. Contribution related
rewards.
D All of the above
3.
Evaluation and monitoring reward practices by assessing views of those
who are at receiving end of pay policies is known as
A. 360 degree feed back B. Attitude survey
C. Relational mechanism D. Stake holders? approach
4.
Which one from the below is not an important component circle of IES
model of employee engagement ?
A. Commitment B. Perception
C. Motivation D. None of the above
5.
Which one among the following is not a collective intrinsic reward?
A. Quality of working life B. Core Values
C. Work life balance
policies
D. None of the above
6.
Functional or cross functional teams set up to deal with an immediate
problem and operate as task force are known as
A. Project teams B. Work teams
C. Organizational teams. D. Ad hoc teams
Q.1 (b) Explain following
(1) Intrinsic and Extrinsic Motivation
(2) Convergence and divergence in reward policy
(3) Allowances
(4) Stake holder
04
Q.1 (c) Diagrammatically explain , various elements of total reward. 04
Page 2 of 3
Q.2 (a) Explain internal and external contextual factors affecting reward strategies
of a firm.
07
(b) Explain Zingheim and Schuster model of reward management , and also
brief ? how that is different from Towers Perrin model?
07
OR
(b) What is High performance culture and how reward system can help in
building up high performance culture? Explain with suitable examples.
07
Q.3 (a) Explain Home country based , Host country based and Hybrid basis
reward strategies with respect to international reward strategy.
07
(b) How reward strategy affect?s on team performance? What reward strategy
you will recommend to build high performing teams?
07
OR
Q.3 (a) Explain IES model of employee engagement with example. 07
(b) Differentiate between Competency ?related pay and contribution related
pay with suitable examples.
07
Q.4 (a) Explain various factors affecting pay levels , diagrammatically. 07
(b) Write a note on , Definition , scope , applicability , major amendment and
exclusion of applicability of Payment of Wages act , 1965.
07
OR
Q.4 (a) Differentiate among ? broad banded , broad graded and narrow graded ?
grade structures of the rewards.
07
(b) Write a note on , Definition , scope , applicability , major amendment and
exclusion of applicability of Payment of Bonus Act , 19
07
Q.5 Shekhar and Sharma owned and operated Sagar Hotel in 1992. By 2000
they expanded well and had four hotels in a good locations at Delhi at
four different places. Shekhar was head marketing and HR than and
Sharma was heading all operations , of hotel and restaurant completely.
Shekhar often commented ?We reward the contribution of the people ,
not their hours of work? as HR head. Sharama too is agreed on the same.
This philosophy found expression through Varity of incentives
introduced by the promoters for improving leaving standards of the
workers. They hired local consulting firm. They jointly designed
following scheme.
? Executives will get 1% of profit every quarter,
? When occupancy get over 95% - hourly worker will get free
lunch at hotel.
? Housekeepers will be paid minimum wages plus Rs.50 per room
when they meet hotels? ?15 points cleanliness checking?.
? Reservation officers will be paid minimum wages , besides Rs.
25 for each reservation of rooms they book.
Questions
(1) Critically evaluate and discuss , what problems you see with
14
Page 3 of 3
these proposed incentive scheme and how will it impact on (1)
Executives (2) Hourly workers and Rest other staff?
(2) If you were a member of the consulting firm , what incentive
scheme you will recommend for each group? Why?
OR
Q.5 Patel Mills is a reputed textile mill in the woolen clothes business
,existing since long. Most of it?s employees are nearing to retirement.
HR department has started the process of replacing the old staff with
new ones.
Patel Mills started receiving complains of quality deterioration from it?s
national and international clients in fabrics and clothes. While analysis
it is found that this changes in organisation has widely impacted on the
quality. Company value is depreciating in the eyes of the customer and
stake holders. Production manager founds that young workers have
started resisting and questioning on everything about the on going
practices and procedures company has been following so far. They are
also against bureaucratic rules and regulation and asking for freedom in
decision making. While old workers have been found ignored and away
and are not able to cope up with changing culture. They keep discussing
about the historic old patterns and also resist the changes brought by the
new managers. Young workers found very limited control with them
and have been finding that old workers are often misleading them or not
guiding them properly and , besides they don?t have adequate powers
and support from the top management in controlling the situation.
Situation is getting worse day by day and it is negatively impacting on
the production, resulting in to the day to day conflicts , production
quality and quantity both are suffering gradually.
Management is now thinking of changing the situation and hiring a
consulting firm to over come situation. Consultant has recommended to
link reward strategy to engage employee.
Answer the following question.
(1) What is the problem in the Patel Mills , and how reward
strategy can help in overcoming problem?
(2) What is employee engagement ? Suggest , how Patel Mills can
engage employees?
(3) What kind of the control function would you suggest to the
company to improve the production?
14
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This post was last modified on 19 February 2020