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Master of Business Administration - MBA Semester 4
Set - 1
Q1. What are competency characteristics? Describe some of them.
Answer. A competency is a reliably measurable, relatively stable and enduring characteristic of a person,
team or an organisation that causes and statistically predicts a criterion level of performance
Set - 2
Q1. Explain the key Compensation principles. What do you mean by Total rewards?
Answer. There are few key compensation principles. They are:
• Consider the unique characteristics and specific needs of organisation: The unique characteristics and
specific needs of the organisation need to be considered for the formulation of compensation plans. An
understanding of compensation plans among
SPRING-2018
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