Get premium membership and access revision papers, questions with answers as well as video lessons.

Hrmg 331:Performance And Reward Question Paper

Hrmg 331:Performance And Reward

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

KENYA METHODIST UNIVERSITY

END OF 1''ST ''TRIMESTER 2013 (EVENING) EXAMINATIONS
SCHOOL : BUSINESS AND ECONOMICS
DEPARTMENT : BUSINESS ADMINISTRATION
UNIT CODE : HRMG 331
UNIT TITLE : PERFORMANCE AND REWARD

TIME: 2 HOURS

Instructions:

Answer question one and two other questions.

Question One

MAJI MATAMU CO. LTD.

Maji matamu is a private company manufacturing paper products. It was founded five years ago by two young managers in order to manufacture and market high quality paper products to East and Central African countries.

The company has grown rapidly. It now has 300 employees in two industrial units in Thika and Athi River. There are five directors; the two founders and their wives and a finance director who was recruited last year. The finance Director has produced a report that indicates the need for a reward management strategy. Earlier on, the directors were determining their own salaries and that of its staff. This had made it impossible to attract and retain competent staff. Those who remained were demoralized. Their commitment and loyalty to the company was doubtful as most of them carried out part-time jobs for rival companies.

Consultants who were recently engaged have recommended that there should be a survey carried out in order to enable the company to get specific information on the pay or was decided that this recommendation should be adopted immediately after clear and concise steps required to conduct the survey had been developed.

The consultants also suggested that there was need for the company to retain the committed and skilled employees during the initial period which was expected to have several problems. They also recommended that a Human Resource Manager started work. Her initial findings show that the company is full of rumours, many of them alarmist about the future. Two key research and development specialists are said to be looking for other jobs because they have heard from the grapevine that the company is being sold to a major competitor. A number of production employees have also just joined a trade union.

Required

How would Maji Matamu enhance its productivity by adopting the financial directors report?

(10mks)

Explain the benefits of adopting the consultant recommendation on wage and salary survey.

(8mks)

Explain the flaws associated with earlier method used by directors in wage and salary determination.

(6mks)

Explain how the HR manager would achieve the task of implementation of a performance related pay structure and how this would benefit the organization.

(14mks)

Question Two
"Benefits are increasingly becoming more important to employees than pay". Discuss. (20mks)

Question Three

Should employers pay employees for skills or performance? Many organizations have not adequately addressed this issue. What conditions would justify:

Payment on the basis of skills.

(10mks)

Payment on the basis of performance?

(10mks)

Question Four
As a Human Resource consultant, suggest the various ways in which National social Security Fund (NSSF) may ensure that its members effectively benefit from their contributions. (20mks)

Question Five

Explain the benefits that would accrue to an organization that communicates reward policies to its employees.

(10mks)

Company BMX Ltd is intending to design an incentive scheme for it employees. Explain the factors that should be considered in designing the scheme.

(10mks)

Hrmg 331:Performance And Reward Question Paper

More Question Papers

Popular Exams