Compensation Management — Winter 2020

What is Compensation? What are the advantages of providing fair compensation pay in in organization?

Write a note on Towers and Perrin Model of the Total Rewards Management.

Differentiate between traditional compensation approach and total reward approach.

What do you understand by strategic reward? Discuss various principle of strategic reward.

Differentiate the financial and Non-financial rewards offered to employees.

Explain in detail what are Narrow graded structures, Career family structure and Job family structure.

What is Bonus Scheme? Explain different types of bonus schemes with their advantages and disadvantages in detail.

Explain in detail various types of employee benefits being offered these days to the employees in the organization.

Explain Rewarding special groups in the organization with suitable example.

If you are an H.R. anager in an organization what factors you are going to consider before deciding the pay levels in firm?

Discuss in detail the various steps involved in the process of Development of Reward System.

Define Job Evaluation. Explain Various methods of Job Evaluation.

Write a short note on Workmen’s compensation Act 1923.

Explain the major provisions of Maternity Benefits Act, 1981.