Question 1: Compensation Management plays a very important role in different aspects of HRM. Describe.
Question 2: Give in detail how a sound incentive schemes can be framed and implemented in the organization.
Question 3: A pay packet alone is not sufficient to attract and retain competent employees. Illustrate the statement and describe the related concepts.
Question 4: Design an incentive schemes for an advertising company were employees are given target oriented task.
Question 5: Why designing proper compensation is significant? Which strategy will you prefer for designing compensation in an IT company? Why? Describe the different variables influencing design of compensation policies.
Question 6: You are HR consultant to a small business with around 40 employees. At present times the firm offers only five days of vacation, five paid holidays and legally mandated benefits like unemployment insurance payments. Develop a list of other benefits you believe it should offer, all along with your reasons for proposing them.