Aditya College of Technology & ScienceTutorial

MBA IVth Sem.Sub. - Compensation Management (FM - 431)

Unit -1 (Compensation Theories & Theories )

Sec. - AQu.1 -What is the meaning of compensation management? How is it important for an organization?Qu.2 – Discuss the types of compensation management?Qu.3 – Discuss the concept of demand for and supply of labour?Qu.4 – Discuss the effectiveness of the forces of demand & supply?Qu.5 – What do you mean by perfect and imperfect competition?

Sec. – BQu.6 – What do you mean by classical, neo- classical and modern theory of reward management?Qu.7 – What do you mean by Demand and Supply theory?Qu.8 – What do you mean by productivity? How is it important for deciding compensation of the employees in an organization?Qu.9 – What do you mean by Benchmarking? Discuss the nature and importance of benchmarking in an organization?Qu.10 – How benchmarking is important for deciding compensation in an organization?

Unit – 2 (Compensation Methods)

Sec. – A

Qu.1 – What is the meaning of inter and intra industrial compensation differentials?Qu.2 – What is the importance of inter and intra industrial compensation differentials?Qu.3 – What do you understand by internal and external equity in compensation systems?Qu.4 – What is the importance of internal and external equity in compensation system for an organization?Qu.5- Which tools is used for deciding the compensation of an organization?

Sec. – BQu.6 – Which tools are used in designing compensation package of an organization?Qu.7 – What do you understand by improving compensation packages of an organization?Qu.8 – Which tools are used for improving the compensation packages?Qu.9 – What do you understand by implementation of compensation packages?Qu.10 – Which tools are used for improving compensation packages of an organization?

Unit – 3 (Compensation Packages)

Sec. – AQu.1 – Describe the designing of compensation for Chief Executive of an organization?Qu.2 – Explain the designing of compensation for senior manger of an organization?Qu.3 – What are the compensation designing tools for R & D staff of an organization?Qu.4 – What do you mean by components of compensation packages? What are the components of compensation packages?

Sec. – BQu.5 – What do you mean by fringe benefits? How is it helpful for deciding compensation packages of an employee?Qu.6 – What do you understand by incentives? Explain the types of incentives?Qu.7 – What is the importance of incentives for deciding compensation packages of an organization?Qu.8 – What do you mean by retirement plans? What is the importance of retirement plans for deciding compensation packages?

Unit – 4 (Wage Boards & Laws)

Qu.1 – What do you understand by wage boards? What are the working criteria of wage boards for reward system/ compensation system?Qu.2 – What do you understand by pay commission? How are they working for deciding reward system in an organization?Qu.3 – What do you understand by wage laws? What are the provisions of wage laws in an organization?Qu.4 – What do you understand by the law of minimum wages? How is it important for deciding the minimum wage of a worker in an organization?Qu.5 – What are the provisions related to the law of minimum wages?Qu.6 – What do you understand by payment of wages act? What are the provisions related to payment of wages act?Qu.7 – How the provisions of payment of wages act are beneficial for compensate to the worker of an organization?

Unit – 5 (Special Provisions)

Qu.1 – What do you mean by Employee provident fund and Miscellaneous Provision Act 1952?Qu.2 – What are the provision related to employee provident fund & misc. provision act?Qu.3 – What do you understand by Employee State Insurance Act 1948?Qu.4 – What are the provisions regarding Employee State Insurance Act 1948?Qu.5 – What do you understand by Payment of Gratuity Act 1972? Qu.6 - What are the provisions related to this act? Qu.7 – What do you mean by Payment of Bonus Act 1965? What are the provisions related to this act?Qu.8 – What do you understand by Maternity Benefit Act 1961? What are the provisions of this act?Qu.9 – How these act beneficial for designing a suitable compensation package for an organization?