Compensation Management — Winter 2021

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

Define total Rewards? Explain the various elements of total reward.

Explain in details the Reward system components and their interrelationships.

Discuss the various contingent pay schemes.

Explain provisions related to Maternity Benefit Act, 1981.

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

Define Job Evaluation. Explain Various methods of Job Evaluation.

Discuss types on non-financial rewards with suitable example.

Explain provisions of finance and audit under the Employee’s State Insurance Act, 1948.

What do you mean by recognition scheme? Explain its benefits and principles.

What do you mean by Job Analysis? Explain various techniques used by organization for doing job analysis?

Which aspects are considered while deciding pay for Rewarding Manual worker’s need?

Write a note on definition, scope , provision , major amendments , exclusions and applicability on Equal remuneration act 1976

Explain various approaches to rewarding knowledge workers.

Write a note on definition, scope , provision , major amendments , exclusions and applicability on payment of wages act 1936.

What do you mean by Financial Reward? Explain Arguments against financial reward.

Differentiate between Hay group and Towers Perrin Model of Total Rewards