MANAGEMENT PROGRAMME
Term-End Examination O June, 2015
O
° MS-27 : WAGE AND SALARY ADMINISTRATION
 1. Explain the concept of compensation. What are the functions and responsibilities of a compensation programme ?

 2. Explain the norms for fixation of wages and wage differentials. Discuss the salient features of Payment of Wages Act, 1936.

 3. Explain the concept of job evaluation. Briefly discuss the various methods of job evaluation.

 4. Explain the concept of performance linked reward system. Discuss the various steps involved in designing a performance linked reward system.
MS-27 1 P.T.O.
5. Write short notes on any three of the following :

 (a) Tax planning

 (b) Stock options

 (c) Pay surveys

 (d) Executive compensation

 (e) Down sizing and VRS