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MS27 Compensation and Rewards Management

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Important announcement: Last date of ignou MS27 assignment submission for July 2022 session is 31st October, 2022 and for January 2023 session is 30th April, 2023.

MS27 Compensation and Rewards Management solution of ignou

1. What are the public policy considerations in wage policies? State the practical difficulties, if any, translating the lofty ideals into action.
2. Why is VRS considered a soft option? How does it help overcome the legal hurdles in downsizing employee strength?
3. A. What is the difference between a pay commission and a wage board?
B. Discuss why interest issues cannot be adjudicated, but rights issues can be?
4. What are different methods for conducting wage surveys? Explain any two citing examples.
5. “Suppose your organisation’s recently completed compensation survey showed that pay rates of several jobs were either less than what they should be. How do you bring these jobs “into line”?

Previous Assignments

1. What do you understand by “Capacity to pay on industry-cum-region basis”? Is the employer bound to pay minimum wage irrespective of its financial capacity to pay?
2. How the provident Fund scheme is administered under the Employees provident Funds and Miscellaneous provisions Act, 1952?
3. What is the difference between a pay Commission and a wage board? Discuss the relative merits and demerits of different methods of wage determination.
4. Explain what is performance linked reward system? List out the various steps involved in designing a performance linked reward system. Give an example.
5. What is the recent trend in awarding additional bonus payments and fringe benefits to various categories of employees?

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IGNOU MS27 Assignment Question

1. What do you understand by “Capacity to pay on industry-cum-region basis”? Is the employer bound to pay minimum wage irrespective of its financial capacity to pay?

Also Available MBA Project Report for IGNOU

2. How the provident Fund scheme is administered under the Employees provident Funds and Miscellaneous provisions Act, 1952?
3. What is the difference between a pay Commission and a wage board? Discuss the relative merits and demerits of different methods of wage determination.
4. Explain what is performance linked reward system? List out the various steps involved in designing a performance linked reward system. Give an example.
5. What is the recent trend in awarding additional bonus payments and fringe benefits to various categories of employees?

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IGNOU Solution for December 2021MS27 Compensation and Rewards Management
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