Download GTU (Gujarat Technological University) MBA 2019 Winter 3rd Sem 4539232 Compensation Management Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER III ? EXAMINATION ? WINTER 2019
Subject Code: 4539232 Date:04/12/2019
Subject Name: Compensation Management
Time: 10:30 am to 01.30 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 Define in short
(a) Distributive Justice
(b) Broad Banding.
(c) Performance Prism
(d) Levelling
(e) Threshold
(f) Reference point
(g) Gain sharing.
14
Q.2 (a) Discuss in detail Hay Group Model and Zingheim and Schuster Model 07
(b) Planning for the reward strategy for expatriate employee is very
different from local country employee. Justify the statement by differentiating
between the types of expatriates and briefly mention the various allowances
which can be provided to them
07
OR
(b) Job evaluation provides for the comparison of one job with another job.
Analyze the various techniques of job evaluation detailing their advantages
and disadvantages.
07
Q.3 (a) Differentiate between Partial and total Disablement with respect to ?The
employee compensation Act 1923 ?and justify the various benefits to be
given in each case with respect to Partial, Total disablement and Death of an
employee.
07
(b) Employee engagement can go a long way in increasing employee
productivity. Justify the statement by underpinning the concept of employee
engagement, antecedents, consequences and types of employee engagement.
07
OR
Q.3 (a) Rewarding sales staff is very different as compared to rewarding of
knowledgeable workers. Detail the reward strategy of sales staff and
compare it with knowledgeable workers.
07
FirstRanker.com - FirstRanker's Choice
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA ? SEMESTER III ? EXAMINATION ? WINTER 2019
Subject Code: 4539232 Date:04/12/2019
Subject Name: Compensation Management
Time: 10:30 am to 01.30 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 Define in short
(a) Distributive Justice
(b) Broad Banding.
(c) Performance Prism
(d) Levelling
(e) Threshold
(f) Reference point
(g) Gain sharing.
14
Q.2 (a) Discuss in detail Hay Group Model and Zingheim and Schuster Model 07
(b) Planning for the reward strategy for expatriate employee is very
different from local country employee. Justify the statement by differentiating
between the types of expatriates and briefly mention the various allowances
which can be provided to them
07
OR
(b) Job evaluation provides for the comparison of one job with another job.
Analyze the various techniques of job evaluation detailing their advantages
and disadvantages.
07
Q.3 (a) Differentiate between Partial and total Disablement with respect to ?The
employee compensation Act 1923 ?and justify the various benefits to be
given in each case with respect to Partial, Total disablement and Death of an
employee.
07
(b) Employee engagement can go a long way in increasing employee
productivity. Justify the statement by underpinning the concept of employee
engagement, antecedents, consequences and types of employee engagement.
07
OR
Q.3 (a) Rewarding sales staff is very different as compared to rewarding of
knowledgeable workers. Detail the reward strategy of sales staff and
compare it with knowledgeable workers.
07
(b) Detail Payment of Bonus Act 1965 with respect to it applicability,
maintenance of registers and record and disqualification and disregard.
07
Q.4 (a) Prepare a wage policy for the manual workers in a manufacturing firm keeping
in view the Payment of wages Act,1936 and shortly discuss the various
techniques by which manual workers can be rewarded.
07
(b) High Performance work system is the need of the day. Validate the
statement by describing high performance work system, components of
HPWS and how it can be created.
07
OR
Q.4 (a) Discuss in short, the various types of contingent pay schemes briefing upon
their suitability, advantages and disadvantages
07
(b) In India the concept of CELEBRITY CEO is in vogue. Design the directors
and senior executive remuneration of retailing firm and also brief the the
factors affecting the level and nature of executive reward
07
Q.5
CASE STUDY:
Narmada Ltd is a Gujarat based oil refinery, having a capacity to produce
nearly one third of country petroleum, oil and lubricant requirement. The
biggest challenge for the company is to design a low-cost innovative
employee benefits scheme. The company is operating in a highly competitive
market after liberalization and employees needs to be on toes at selling points.
The current compensation strategy is designed in view of market rate. With
the joining of new director Mr.APTE the challenge faced is to devise the best
compensation and benefit plan so that poaching of best employee by
competitors can be prevented. He announced effective voluntary benefit
discount schemes by building a mutual network with retail malls, travel
agents, hotels, airlines, household appliances manufacture. Certain pensions
schemes were announced primafacie of two types defined benefit and defined
contribution and employee were asked to choose between the two.
He also announced certain loyalty programs and profit-sharing schemes
among the employee. He also proposed periodic evaluation of the reward
system With continuous innovation and evaluation he was a able to reduce the
annual HR cost by 2 percent.
(a) Discuss in short, the process for evaluation of reward system 07
(b) Differentiate between the two types of pension scheme that is defined
benefit and defined contribution discussed in the case.
07
OR
Q.5 (a) Discuss in short, the tax treatment of various benefits as per Income Tax
Act.
07
(b)
Develop an alternative model of voluntary benefit which can be extended
version of Mr.Apte taking into consideration the suitability of it with
industry.
07
********
FirstRanker.com - FirstRanker's Choice
This post was last modified on 19 February 2020