Compensation Management — Winter 2021

Explain Reward Management. Briefly outline its framework.

Explain Strategic Management and its characteristics

Job evaluation provides for the comparison of one job with another job. Analyze the various techniques of job evaluation detailing their advantages and disadvantages.

Explain the different Bonus schemes in the organization

Detail Payment of Bonus Act 1965 with respect to it applicability, maintenance of registers and record and disqualification and disregard.

Explain Performance Management in relation with rewards

Explain various elements of total rewards with necessary examples

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.

How will you develop and implement reward system in your organization?

Explain the Rewarding policy of Directors and Executives

State the provisions of payment of minimum rates of wages under the minimum wage Act-1948

Explain income tax allowances and deduction allowed to salaried individual

Discuss in short, the various types of contingent pay schemes briefing upon their suitability, advantages and disadvantages

Explain the features and benefits of Mediclaim policy

What is the difference between incentives and rewards and discuss the types of non-financial rewards

‘High level of individual’s involvement, satisfaction as well as enthusiasm leads to organizational success.’ Explain

What are employee benefits and flexible benefits