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Compensation and Benefits-NMIMS Dec-16

Compensation and Benefits-NMIMS Dec-16

Q1. You are asked to design a new compensation system for a new division you are starting in Uttar Pradesh. Discuss how you will design the new compensation system with special reference to the concept of equity. (10 Marks)

 

Q2. You are planning for an international expansion and the country that you are targeting is in Africa. While designing the compensation system, you are required to identify the stakeholders of the compensation system. Identify these stakeholders. (10 Marks)

 

Q3. ABC Ltd is a leading textile manufacturing company in Mumbai. They are planning to review the existing compensation system and revise the same. To revise the compensation system, you have following two strategic options. Explain the two options

a. Pay for position (5 Marks)

b. Pay by performance (5 Marks)

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