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Compensation Management (Evening Class) Question Paper

Compensation Management (Evening Class)

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

UNIVERSITY EXAMINATIONS: 2009/2010
SECOND YEAR STAGE 3 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CAM 209: COMPENSATION MANAGEMENT (EVENING CLASS)
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE and Any other TWO Questions
QUESTION ONE
a) Explain the meaning and importance of performance related pay in compensation management.
[10 Marks]
b) What are the key objectives of performance related pay? [10 Marks]
c) Identify and briefly discuss the various types of performance related pay schemes. [10 Marks]
QUESTION TWO
a) What do you understand by the term “performance management?”
b) State and briefly discuss the ten principles of performance management.
QUESTION THREE
a) What is the importance of performance appraisal in compensation (reward) management?
[10 Marks]
b) Discuss the ten most commonly used methods of performance appraisal. [10 Marks.]
2
QUESTION FOUR
a) Why is it necessary for organisations to establish competitive compensation (reward) systems?
[10 Marks]
b) What are the key techniques used in determining a competitive reward (compensation) system
[10 Marks]
QUESTION FIVE
a) What do you understand by ‘salary’ and ‘wage’? [8 Marks]
b) What are the key objectives of salary and wage administration? [5 Marks]
c) What would constitute an effective salary and wage policy? [7 Marks]

Compensation Management (Evening Class) Question Paper

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