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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Compensation & Benefits
Assignment Marks: 30
Instructions:
• All Questions carry equal marks.
• All Questions are compulsory
• All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
• All answers to be written individually. Discussion and group work is not advisable.
• Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.
• Students should write the assignment in their own words. Copying of assignments from other students is not allowed.
• Students should follow the following parameter for answering the assignment questions
For Theoretical Answer For Numerical Answer
Assessment Parameter
Weightage
Assessment Parameter
Weightage
Introduction 20% Understanding and usage of the formula 20%
Concepts and Application related to the question 60% Procedure / Steps 50%
Conclusion 20% Correct Answer & Interpretation 30%
June 2023 Examination
Question: 1. CONSTRUCT Pvt Ltd. is a newly set up construction company in Mumbai and the company is in the process of determining the pay structure in the organization. Currently the company has 50 employees in the sales department. As an HR Manager of company, discuss which individual compensation plans you can use to motivate these 50 sales department employees to meet the targets. (10 Marks)
Answer: As an HR Manager of CONSTRUCT Pvt Ltd, there are several individual compensation plans that can be used to motivate the 50 sales department employees to meet their targets. Here are a few options:
1. Commission-Based Pay: Sales employees can be offered a commission-based pay structure, which incentivizes them to sell more by earning a percentage of the revenue generated from their sales. This can be a strong motivator for salespeople who are driven by financial rewards and can help ensure that they are focused on achieving their sales targets.
Question: 2. WESTEROES Pvt Ltd is a decade old IT Company from Pune. You are hired as an HR Consultant and you are expected to identify and suggest to the management appropriate approach to job evaluation. Enlist the different approached to job evaluation and suggest an appropriate one to the company. (10 Marks)
Answer: Job evaluation is a systematic process of determining the relative worth of jobs within an organization. There are several different approaches to job evaluation, each with its own advantages and disadvantages. Here are some of the commonly used approaches:
1. Ranking method: In this method, jobs are ranked in order of their value to the organization, from highest to lowest. This method is simple and easy to use, but it can be subjective and does not provide a precise measurement of the worth of jobs.
2. Job classification method:
Question: 3. INFOTICS is a well-known IT Company in India since 2000. The company is planning to revise the compensation structure. In this background answer the following:
a. What could be the components of direct pay structure? (5 Marks)
Answer: The components of direct pay structure typically include:
1. Base salary: This is the fixed amount of money that an employee receives for their job responsibilities and performance.
2. Incentives and bonuses: These are performance-based payments that are usually tied to individual or team goals or milestones.
3. Stock options and equity: These are typically offered to employees as a long-term incentive to retain top
Dear students, get fully solved assignments by professionals
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help.mbaassignments@gmail.com
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