MS-27 Solved Assignment

Old Samples – Ignou MS-27 Solved Assignment

Q. Explain the considerations for compensation policy at macro level. Discuss the practical difficulties in implementation by giving examples from an organisation you are familiar with.

Answer. Compensation at Macro level is related with organizational compensation policy. It is related with such compensation plan and policies which will enable the organization to direct…….

The Second Central Pay Commission, observed that need-based wages should ensure the minimum human needs of the industrial worker irrespective of any other 'considerations……..

In practice, however, collective bargaining, government interference and neutralization for rise in cost of living undermine the link between pay and the four attributes mentioned above…….

The unorganised sector of our economy seems to be inversely related to the growth of trade union power and official intervention in the labour markets in the organised sector in general and 'in the public sector in, particular.

Q. Define job evaluation and describe methods and systems of job evaluation. “Job evaluation is not a scientific but a systematic procedure”. Explain it.

Answer: Job evaluation as “the process of analysis and assessment of jobs to ascertain reliably their negative worth using the assessment as the basis for a balanced wage structure”……

Job Evaluation is a systematic procedure for determining the relative worth of a job in comparision with in and outside organisation . It helps to eliminate wage inequities and to establish a basis for sound salary and wage-structure……

This system is usually used to evaluate white collar, professional and managerial positions. In this method, a set of factors common to all jobs are identified and assigned points. Then, each job is compared with others for each one of these factors. Get Ignou Mba MS-27 Solved Assignment. Understandably, each job undergoes multiple comparisons with other jobs…….

Jobs within each job group or class are eligible for the same pay scale or grade. In addition to the job description statement, this method also requires the preparation of the class description statement. A job description indicates the job characteristics while class description specifies the group characteristics…..

It would be difficult to frame the market-based pay scales. In such cases, the organization can adopt the ranking method to determine the pay scales based on the available information……

Q. Explain the purpose and application of the payment of wages Act, 1936. Describe the concept of deduction from wages and limits on the total amount of deduction can the fine be deducted from wages of an employed persons? If so, subject to what conditions.

Answer : To regulate the payment of wages to workers employed in industries and to ensure a speedy and effective remedy against illegal deductions and/or unjustified delay caused in the payment of wages to them…….

Deductions by way of fine from the wages of an employed person shall be made only in accordance with the provisions of the Act……

The amount deducted for absence from the duty should not exceed a sum which bears the same relationship to the wage payable in respect of the wage-period as this period of absence does to such wage-period……

Download Full MS-27 Ignou Solved Assignment Compensation and Rewards Management for July-Dec. The employer from the first payment of the wages /salary to the employee. But employer should not recover the advance given for the travelling expense for the employee…….