Bachelor of Management Studies (B.M.S.) SEM V 2018 19 May 2018-19 S Elective Human Resource Finance For HR Professionals Compensation Management Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q3 According to section 5lof Factories Act, 1948, No adult worker should be required to work in
2. Q4 An. 1S. an important mechanism that encourages and motivates managers to
   • a) Provident Fund — b) Increment c) Incentive d) None of these
3. Q5 , any salary increase that is awarded to the employee based on his or individual performance
4. Q6 theory was developed by J.S. Mill in 1891
   • a) Wage fund theory b) Marginal productivity theory c) Residual Climant theory d) None of
5. Q7 IS alSo known as severance package or Terminal agreement
   • a) Salary Progression curve c) Golden Parachute d) None of these
6. Q8 Compensation is of financial and . types
7. Q9 Compensation tools can be grouped into job-based and .category Paper Subject Code: 46005 Human Resource: Finance for HR Professionals & Compensation Management
8. Q10 Scanlon Plan was developed by State whether the following are true or false: (08)
9. Q1 Compensation represents both the intrinsic and extrinsic rewards
10. Q2 Taxes like death, are unavoidable in managing compensation
11. Q3 The pay structure of an organization has freedom for non- compliance with the prevailing laws and regulations of the country
12. Q4 ESPS are regulated by the guidelines issued by the Securities Exchange Board of
13. Q5 Pay survey analysis is the process of analyzing compensation data gathered from other employers in a survey of the relevant labor market
14. Q6 Pay commission is a body who design pay structure framework for remunerating
15. Q7 Job security is and always has been the primary consideration for most workers
16. Q8 Labour laws and regulations normally have a specific influence on the wages and salary administration of an organization
17. Q9 Compensation should not be fixed in way that they reward the employees adequately whenever they come up with the targeted performance levels and behaviour
18. Q10 Incentives should be planed appropriate to the culture, characteristics and needs of the organization and its employees
19. Q2 A. What is compensation as per your understanding? Explain different types of
    • B. Elaborate with examples some modern methods of incentive plans? 8
    • D. Payment of Bonus Act, 1965. Paper Subject Code: 46005 Human Resource: Finance for HR Professionals & Compensation Management What are the benefits of compensation? (07) 8
    • B. What are the types of wage differentials? 8
    • C. Explain: a. Golden parachute b. New Pay 7
    • D. Elaborate the given concepts:
    • a. Wage boards
    • b. Adjudication 8
20. Q4 A. Explain the features of pay structure. 7 marks
    • B. Explain how technology is aiding incentive management. 8
    • C. Explain in detail, how do you compensate an expatriate and executives? 7
    • D. Explain application of Equal Remuneration Act 1976. 8
21. Q5 Write short notes on any three from the given five: 15 marks
22. Q1 3P’s of compensation
23. Q3 Cafeteria approach
24. Q4 Ethics in compensation management
25. Q5 Wage Boards

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