Bachelor of Management Studies (B.M.S.) SEM V 2019 20 Nov 2019-20 HUMAN RESOURCE FINANCE FOR HR PROFESSIONA Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2) Figures to the right indicate full marks

1. Q3 Support your answer with illustration and diagram
2. Q1 (A) Match the following (Attempt any 7) To link Job evaluation to market salaties Club Membership | enforce of Identify key jobs or Benchmarks Wages popula linked Payment of Gratuity Act 1972 LG of Employe into.a Would exist even in perfect employment market Subsistence Theo External Factor in: encing 10 | Occupational Wage Differential of 7 marks
3. Q1 (B) State the following are True or False (Attempt any Maximum limit of Gratuity payable is of as per Amendment made in March 2018 8 marks
   • B. provident fund-does not with less than 20 employees G remuneration Salary to allémployees of the:company D: banding allow: in compensation Marginal Productivity with the influence exerted by demand and supply
   • F. sharing bé
   • G. day wages earned in piece work plan provident fund facility available for unorganized sector
4. Q1 As per Workiien Compensation Act there amount of compensation
   • J. & Factories Act, 1948 adult worker is required to work for more than 48 hours Answer the following in brief Explain the theory and also explain its criticisms, (7) Be. Explain challenges in compensation management (8) Resource accounting? Explain its features (8) What are the:charactetistics of Special Groups? Explain compensation management to Corporate Directors and Executives. (7) Paper Subject Code: 46005 Human Resource: Finance for HR Professionals & Compensation
5. Q3 Answer the following in brief A, What are the factors contributing to the wages
   • B. Explain Compensation Scenario in India C; Explain Payment of Bonus Act
   • D. What is profit sharing plan? What are its features?
6. Q4 Answer the following in brief
   • A. What is financial compensation ? 7
   • D. What are the 3 ‘P’s of 7
7. Q5 the brief the advantages and disadvantages of cafeteria approach: @) Equity and External a factor influencing pay structure

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