MMPH-7 2023-24 SOLVED ASSIGNMENT

Description

Course Code : MMPH – 007
Course Title : Compensation and Rewards Management
Assignment Code : MMPH – 007/TMA/ JULY/2023
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 2023 session is 31st October, 2023 and
for January 2024 session is 30th April 2024.
1. Give a comprehensive view of compensation policy. Explain the micro and macro linkages
of compensation policy.
2. Explain various approaches in designing compensation. Chalk out various alternative system
of compensation.
3. Discuss the issues involved in compensation. Explain the ethical aspects of wage
determinations.
4. Identify the contents of “wage” under various Acts. Discuss the difficulties for not having a
uniform definition of wages.
5. Describe the concepts of allowances and fringe benefits citing examples.