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Compensation Management Question Paper

Compensation Management

Course:Bachelor Of Business Management

Institution: Moi University question papers

Exam Year:2009

UNIVERSITY EXAMINATIONS: 2009/2010
SECOND YEAR EXAMINATION
COMPENSATION MANAGEMENT
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer ONE and Any other TWO Questions
QUESTION ONE
a) Discuss the techniques involved in job evaluation in the present scenario. What are the
difficulties faced by the evaluators in conducting the exercise? [15 Marks]
b) Compensation management is a core function of the human resource function. Outline three
objectives of compensation management. [6 Marks]
c) Distinguish the basic features between salaries and wages [5 Marks]
d) Explain the role of Government in compensation management. [4 Marks]
QUESTION TWO
a) Explain, using illustrations five factors that shape external competitiveness
[10 Marks]
b) A survey is the systematic process of collecting and making judgments about the compensation
paid by other employers. Discuss the purpose of a survey to the human resource manager.
[10 Marks]
QUESTION THREE
a) Briefly explain any four reasons that would help explain the growth in employee benefits.
[8 Marks]
b) With the aid of illustrations, explain four benefits available to Kenyan workers.
[12 Marks]
QUESTION FOUR
a) Is there any relationship between compensation management and performance appraisal?
Explain. [5 Marks]
b) Discuss the application of Maslow’s Hierarchy of needs theory in compensation management.
[5 Marks]
c) As practicing HR consultants, you have been contracted by Bidii ltd. to design a pay
performance plan for them. Explain to them the factors that they should consider in designing
pay for performance plans. [10 Marks]
QUESTION FIVE
Write short notes on the following. Give examples in each case.
a) Team compensation
b) ESOPS
c) External competitiveness
d) Relational returns
e) Work life balance [20 Marks]

Compensation Management Question Paper

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