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MS-27
Management Programme
ASSIGNMENT
(January to December)
2021
MS-27: COMPENSATION AND
REWARDS MANAGEMENT
School of Management Studies INDIRA GANDHI NATIONAL OPEN UNIVERSITY MAIDAN GARHI, NEW DELHI – 110 068
| ASSIGNMENT | ||
| Course Code | : | MS–27 |
| Course Title | : | Compensation and Rewards Management |
| Assignment Code | : | MS-27/TMA/SEM-I/2021 |
| Coverage | : | All Blocks |
Note: Attempt all the questions and submit this Assignment to the Coordinator of your Study Centre on or before 31st October, 2021.
*
- What do you understand by “Capacity to pay on industry-cum-region basis”? Is the employer bound to pay minimum wage irrespective of its financial capacity to pay?
- How the provident Fund scheme is administered under the Employees provident Funds and Miscellaneous provisions Act, 1952?
- What is the difference between a pay Commission and a wage board? Discuss the relative merits and demerits of different methods of wage determination.
- Explain what is performance linked reward system? List out the various steps involved in designing a performance linked reward system. Give an example.
- What is the recent trend in awarding additional bonus payments and fringe benefits to various categories of employees?
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