MU0015- COMPENSATION AND BENEFITS – Summer 2015
ASSIGNMENT
| DRIVE | SUMMER 2015 |
| Program | MBADS (SEM 4/SEM 6) MBAFLEX/ MBA (SEM 4) PGDHRMN (SEM 2) |
| Subject code & name | MU0015- COMPENSATION AND BENEFITS |
| Book ID | B1859 |
| Credits & Marks | 4 CREDITS, 60 MARKS |
* Note – Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.SMU MBA SUMMER 2015-2016 solved Assignments are available now. (10 years of Excellency)
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| Q.
No |
Question | Marks | Total Marks |
| 1 | Explain compensation as a retention strategy. Describe the significant compensation issues. | 10 | |
| Compensation as a retention strategy | 2 | ||
| Significant compensation issues | 8 | ||
| 2 | Explain the steps involved in designing a salary structure. List the components of pay structure. | 10 | |
| Explanation of steps involved in designing a salary structure | 7 | ||
| Listing the components of pay structure | 3 | ||
| 3 | Define the term ‘wage’. Write a brief note on ‘wage policy’. | 10 | |
| Definition of ‘wage’ | 2 | ||
| Brief note on ‘wage policy’ | 8 | ||
| 4 | Explain the concept of ‘tax planning’ with an example. Explain its
role in Compensation Benefits. |
10 | |
| Concept of tax planning | 5 | ||
| Role of ‘tax planning’ in compensation benefits | 5 | ||
| 5 | Define ‘reward management’. What are its aims? Explain the
factors affecting reward management policies in service sector. |
10 | |
| Definition of reward management | 2 | ||
| Aims of reward management | 2 | ||
| Factors affecting reward management policies in service sector | 6 |
| 6 | Who are ‘Expatriates’? What are the objectives of ‘Expatriate compensation’? Differentiate between Financial (extrinsic) compensation and Non-financial (intrinsic) compensation. | 10 | |
| Meaning of expatriates
Objectives of expatriate compensation Difference between Financial compensation & Non-financial compensation |
2
3 5 |
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