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Bcom 461: Compensation Management Question Paper

Bcom 461: Compensation Management

Course:Bachelor Of Commerce

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
FOURTH YEAR EXAMINATION FOR THE AWARD OF
DEGREE OF BACHELOR OF COMMERCE

BCOM 461: COMPENSATION MANAGEMENT

STREAMS: BCOM Y4S1 TIME: 2 HOURS

DAY/DATE: MONDAY 12/8/2013 2.30 PM – 4.30 PM

INSTRUCTIONS:

Answer Question ONE and any other TWO Questions

QUESTION ONE

(a) Assess the reasons why some organizations incentive plans fail to achieve intended objectives. [6 Marks]

(b) Discuss the relevance of compensation as an organizations management tool.
[8 Marks]

(c) Analyse the contribution of Fredrick Taylor and Henry Fayol on the understanding of compensation management. [10 Marks]

(d) Discuss the reasons for wage and salary differentials among the blue collar and white collar workers. [6 Marks]

QUESTION TWO

(a) Discuss the effects of implementing a bonus scheme by an organization. [10 Marks]

(b) Explain the importance of aligning compensation and benefits to corporate goals.
[10 Marks]

QUESTION THREE

(a) A consultancy firm has been asked to develop a compensation policy for a client organization as well as design a compensation plan. Discuss factors to be considered in compensation policy development and in the design of a compensation plan.
[12 Marks]

(b) Some employees prefer individual incentives rather than group incentives. Explain the reasons that may account for this preference. [8 Marks]

QUESTION FOUR

(a) Explain the types of information gathered in a salary survey. [6 Marks]

(b) Describe the characteristics of an effective employee incentive program. [6 Marks]

(c) Analyse the benefits that employees and employers derive from maintaining a good wage and salary structure. [8 Marks]

QUESTION FIVE

(a) Many organizations develop a strategy for performance improvement. Explain the objectives of such strategies. [8 Marks]

(b) Describe the criteria used by organizations to determine a pay structure. [6 Marks]

(c) Explain the circumstances under which an organization may use private market surveys. [6 Marks]
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Bcom 461: Compensation Management Question Paper

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