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Cam 209: Compensation Management Question Paper

Cam 209: Compensation Management

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

1
UNIVERSITY EXAMINATIONS: 2008/2009
SECOND YEAR STAGE III EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CAM 209: COMPENSATION MANAGEMENT
DATE: APRIL 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
a) What is the basic purpose behind the establishment of a sound Compensation and Reward
administration system an organization? (8 Marks)
b) Discuss the components of an executive compensation package. (10 Marks)
c) List at least five non cash fringe benefits that should be included in an employee’s gross
earnings. (5 Marks)
d) Discuss the objectives of job evaluation? (4 Marks)
e) Discuss the “Green Circle” concept. ( 3 Marks)
QUESTION TWO
a) The Process of Job Analysis is considered to be of utmost importance when determining wage
levels. What does it entail and why is it considered essential? (10 Marks)
b) Discuss the decisions that should be taken when determining the preparation of Wage
Structure (10 Marks)
2
QUESTION THREE
a) Describe the cluster concept as it applies to compensation management. (8 Marks)
b) The primary purpose of job evaluation is to set wages and salary on the basis the relative work
or jobs in the organization. Discuss the basis of job evaluation and the areas it affects in an
organization. ( 12 Marks)
QUESTION FOUR
a) Discuss why compensation is considered an important and contentious issue in the
employment relationship. (10 Marks)
b) List and explain five (5) determinants of an occupational wage differential. (10 Marks)
QUESTION FIVE
The wage level is an external organizational decision that determines the organization’s competitive
posture toward its human resources and an internal organizational decision involving the structuring
of the jobs within the organization. Using a well annotated diagram, explain the wage compensation
process. (20 Marks)

Cam 209: Compensation Management Question Paper

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