Compensations and Benefits-1st-2016-NMIMS

Compensations and Benefits-1st-2016-NMIMS
Compensations and Benefits
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1. It is always better to design a compensation and benefits program as per the standards in the industry. “Conducting a survey without giving due considerations to preliminary factors is underestimation of survey tool” Comment (10 marks)
2. Application of information technology to business functions is the current trend. Discuss the variant of Management Information System which can be used for employee benefits program. Also point out the relationship. (10 Marks)
3. You are an established player in the Cement industry of India since last 15 years. You are planning to revise the compensation program of your company to retain the best talent in your organization. For the same you decide to evaluate the relative worth of the jobs performed. In this background, answer the following questions.
a. How would you go about conducting the job evaluation process in your company? (5 marks)
b. Do you think it is going to be a challenge to conduct job evaluation program? If yes, what will be the challenges? (5 marks)
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