Compensation & Reward Management

Assignment A

Q1 Discuss the concept of compensation. What factors affect compensation of employees in industrial organizations?

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2. What is the basic purpose behind the establishment of a sound Compensation and Reward administration system in the organizations?

Q 3: What do you understand by the term need-based minimum wage and explain the importance of it in compensation management? 

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Q 4: Discuss the factors affecting wage determination.

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Q 5: What do you understand by rate range? Discuss the types of rate ranges.

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Q 6: How does an organization align compensation strategy with its HR strategy and Business strategy. 

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Q7: What are the various elements of executive compensation? Explain.

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Q8: What are the components of discretionary core fringe compensation? Explain.

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Assignment B