Description
ASSIGNMENT
Course Code : MMPH- 007
Course Title : Compensation and Rewards Management
Assignement Code : MMPH- 007/TMA/JULY/2022
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment to the coordinator of your study
centre. Last date of submission for July 2022 session is 31st October, 2022 and for January
2023 session is 30th April, 2023.
1. How behavioural objectives can be achieved while designing compensation policies? What
practical problems are encountered while implementing compensation policy at a macro level?
2. How rules regarding minimum wages, their protection and equal distribution are set by ILO?
How the Payment of Minimum Wages Act 1936 is different?
3. Describe in brief the various components of paypackets. How pay-packet trend is getting
changed in the recent scenario?
4. What are the cost and benefits of a Voluntary retirement scheme for employers and
employees? Describe in detail.
5. How competency is an effective base for compensation fixation? Describe its concept and
various tools
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