MS27 Compensation and Rewards Management

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MS27 Compensation and Rewards Management Dec 2020

 

We need 2 working days for MS27 ignou solution of Dec 2020.

1. Explain the concept of compensation. What are the functions and responsibilities of a compensation program?
2. Explain the concept of performance-linked reward system. Discuss the various steps involved in designing a performance-linked reward system.
3. Explain the constitutional perspective on wages including the norms for fixation of wages. Discuss the role played by the International Labour organization on the protection of wages.
4. Discuss the salient features of the payment of Bonus Act, 1965, and Equal Remuneration Act,1976.
5. What are the considerations for compensation policy at the macro and micro levels? Explain their practical difficulties..