MMPH-007 Compensation and Rewards Management Solved Question Paper June 2024

MMPH-007 Compensation and Rewards Management Solved Question Paper June 2024

Compensation and Rewards Management
Course Code: MMPH-007

1. What are the elements of compensation
structure ? Discuss the functions and
responsibilities of the compensation
programme.
[ 2 ] MMPH-007
2. Enlist various wages and behavioural theories.
Explain any two theories of your choice
indicating their merits and demerits.
3. Give a brief overview on the international
trends in compensation and rewards
management.
4. Differentiate between minimum wages and
need based minimum wages. Explain the
concept of ‘wage’ under the Wage Code, 2019.
5. Write short notes on the following :
(a) Job assessment
(b) Time span of discretion method
6. What is the difference between Pay
Commission and Wage Board ? Explain the
detail the role and functions of Wage Boards
citing relevant examples.
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7. Explain the concept of bonus, profit sharing and
stock options. Discuss their advantages and
disadvantages.
8. Differentiate between traditional and
competency based system. Highlight the
appropriateness of competency based
compensation and briefly explain total
performance based compensation.