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This particular Assignment references the syllabus chosen for the subject of Human Resource Management, for the July 2023 - January 2024 session. The code for the assignment is MMPH-07 and it is often used by students who are enrolled in the MBA (New), MBAHM Degree.
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1. Give a comprehensive view of compensation policy. Explain the micro and macro linkages of compensation policy.
2. Explain various approaches in designing compensation. Chalk out various alternative system of compensation.
3. Discuss the issues involved in compensation. Explain the ethical aspects of wage determinations.
4. Identify the contents of "wage" under various Acts. Discuss the difficulties for not having a uniform definition of wages.
5. Describe the concepts of allowances and fringe benefits citing examples.
1. How behavioural objectives can be achieved while designing compensation policies? What practical problems are encountered while implementing compensation policy at a macro level?
2. How rules regarding minimum wages, their protection and equal distribution are set by ILO? How the Payment of Minimum Wages Act 1936 is different?
3. Describe in brief the various components of paypackets. How pay-packet trend is getting changed in the recent scenario?
4. What are the cost and benefits of a Voluntary retirement scheme for employers and employees? Describe in detail.
5. How competency is an effective base for compensation fixation? Describe its concept and various tools.
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