problem 1: Describe the role of Compensation. Why is an efficient Compensation Policy a significant function of Management? Discuss.
describe the compensation structure of an organization you are familiar with.
problem 2: Describe the Payment of Bonus Act, 1965. Is the employer liable to pay minimum bonus even in case of loss in the establishment? Discuss.
describe, when an employee can become disqualified to claim bonus citing appropriate ex from an organization you are familiar with.
problem 3: Describe the Concept of job-evaluation. State the methods and systems of job-evaluation which have been followed in an organization you are familiar with. Discuss the merits and demerits of them.
problem 4: Describe what is Performance Linked Reward System? Describe different steps involved in designing a Performance Linked Reward System. Observe the current issues and trends in linking performance with reward system of any organization you are familiar with.
problem 5: Discuss compensation issues and problems. describe the characteristic features of managerial compensation. What kind of compensation system normally motivates the executives? Describe with suitable exs from an organization you are familiar with.