Download GTU MBA 2018 Summer 9th Sem 4190533 Compensation Management Question Paper

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Subject Code: 4190533
GUJARAT TECHNOLOGICAL UNIVERSITY

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MBA (AM) SEMESTER 09 - EXAMINATION - SUMMER-2018
Subject Name: Compensation Management
Time: 2:30 PM To 5:30 PM
Date:02/05/2018
Total Marks: 70

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Instructions:

1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.

Q.1 (a) What is the role of compensation in organization? State out advantages of fair compensation. 07

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Q.1 (b) Explain the 3P’s of compensation approach with recent development. 07
Q.2 (a) Differentiate between traditional compensation approach and total reward approach. 07
Q.2 (b) Explain internal and external factors considered while deciding compensation. 07
OR
Q.3 (a) Differentiate between financial and non-financial rewards. 07

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Q.3 (b) Discuss the reason behind different types of pay system. 07
Q.4 (a) How does reward impact on performance? Explain. 07
OR
Q.4 (b) What are non-cash awards? Explain any five with suitable example. 07
Q.5 (a) Give difference between salary and wage. 07

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Q.5 (b) Write a short note on Workmen’s compensation Act 1923. 07
Q.6 (a) What is minimum wages act 1948? Explain: 07
OR
Q.6 (b) Which are the other types of pension schemes? Explain with suitable example. 07
Q.7 (a) Short note on Payment of gratuity,act 1972. 07

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Q.7 (b) Explain developing, managing and evaluating reward system. 07
Q.8 (a) Write a note on Maternity benefits Act, 1981 07
OR
Q.8 (b) Write a note on Unorganized sector workers’ social security Act, 2008. 07
Q.9 (a) Explain Rewarding special group with suitable example. 07

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