1. Explain the role of Compensation. Why is an effective Compensation Policy an important function of Management? Discuss.
Describe the compensation structure of an organisation you are familiar with.
2. Explain the Payment of Bonus Act, 1965. Is the employer liable to pay minimum bonus even in case of loss in the establishment? Discuss.
Describe, when an employee can become disqualified to claim bonus citing suitable example from an organisation you are familiar with.
3. Explain the Concept of job-evaluation. Describe the methods and systems of job-evaluation that have been followed in an organisation you are familiar with. Discuss the advantages and disadvantages of them.
4. Explain what is Performance Linked Reward System? Describe various steps involved in designing a Performance Linked Reward System. Examine the current issues and trends in linking performance with reward system of any organisation you are familiar with.
5. Discuss compensation issues and problems. Describe the characteristic features of managerial compensation. What type of compensation system normally motivates the executives? Explain with suitable examples from an organisation you are familiar with.