ASSIGNMENT

DRIVE FALL 2018

PROGRAM Master of Business Administration- MBA
SEMESTER Semester 4
SUBJECT CODE & HRM401 –Compensation and Benefits
NAME
BK ID B1859
CREDIT & MARKS 4 Credits, 30 marks each

Note –The Assignment is divided into 2 sets. You have to answer all questions in both sets.
Average score of both assignments scored by you will be considered as your IA score. Kindly note
that answers for 10 marks questions should be approximately of 400 words.

SET-I
Q.No Questions Marks Total
Marks
1 Define the concept of Compensation Management. Discuss the 3- P concept of
Compensation Management.
Definition of Compensation Management 4 10
Explain the 3- P concept 6
2 Discuss time rated payment system in detail. What are the various limitations of Job
related Compensation?
Definition of time rated payment system 5 10
Explain the various limitations of Job related Compensation 5

3 Define Employee Stock Option Plan (ESOP). What are its objectives? Explain the
types of ESOP.
Definition of ESOP 1 10
Objectives of ESOP 3
Types of ESOP 6
 SET-II
Q.No Questions Marks Total
Marks
1 What are the various external and internal factors that needs to be considered while
formulating compensation strategy? Write a short note on compensation policy?
External and internal factors 8 10
Definition of Compensation Management 2

2 Define Performance Management in detail. Discuss the various objectives of

Performance Management.
Definition of Performance Management 4 10
Explain the various objectives of Performance Management 6

3 What are the various factors that affect reward management policy in service
sector?
various factors that affect reward management policy 10 10