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MS-27
Management Programme
ASSIGNMENT
SECOND SEMESTER
(July to December)
2020
MS-27: COMPENSATION AND
REWARDS MANAGEMENT
School of Management Studies INDIRA GANDHI NATIONAL OPEN UNIVERSITY MAIDAN GARHI, NEW DELHI – 110 068
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| ASSIGNMENT | ||
| Course Code | : | MS-27 |
| Course Title | : | Compensation and Rewards Management |
| Assignment No. | : | MS-27/TMA/Sem-II/2020 |
| Coverage | : | All Blocks |
Note: Attempt all the questions and submit this assignment to the Coordinator of your Study Centre on or before 31st October, 2020.
- Explain the concept of compensation. What are the functions and responsibilities of a compensation program?
- Explain the concept of performance-linked reward system. Discuss the various steps involved in designing a performance-linked reward system.
- Explain the constitutional perspective on wages including the norms for fixation of wages. Discuss the role played by the International Labour organization on the protection of wages.
- Discuss the salient features of the payment of Bonus Act, 1965, and Equal Remuneration Act,1976.
- What are the considerations for compensation policy at the macro and micro levels? Explain their practical difficulties..
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