CUSTOMER_CODE SMUDE DIVISION_CODE SMUDE

```CUSTOMER_CODE
SMUDE
DIVISION_CODE
SMUDE
EVENT_CODE
OCTOBER15
ASSESSMENT_CODE MU0015_OCTOBER15
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
15947
QUESTION_TEXT
Explain the different types of plans (compensation) based on the basis
of earnings less than output and earning differing at different levels of
output.
SCHEME OF
EVALUATION
Earnings less than output:
1.Halsey plan:
W= T&times;R+50%(S−T)&times;R (2 marks)
2.Rowan plan:
W= T&times;R+[T&times;R&times; Time saved/ Standard time] (1 mark)
3.Bedaux point system:
W= S&times;R+75%R&times;(S−T) (1 mark)
4.Emerson plan (1 mark)
Earning differing at different levels of output:
1.Taylor’s differential piece-rate (2 marks)
2.Merrick’s differential piece-rate (1 mark)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
72325
QUESTION_TEXT
Discuss the different methods of job evaluation.
SCHEME OF EVALUATION
Methods of job evaluation
a. Conventional
1. Quantitative
a. Point method
b. Factor comparison method
2. Non quantitative
a. Ranking
b. Job classification
(5 marks)
b. Non conventional
1. Time span
2. Urwick method
3. Direct consensus method
4. Decision band method
5. Hay Plan’s guide chart method
(5 marks)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
72326
QUESTION_TEXT
What are the aspects covered under administration of benefits and
services?
SCHEME OF
EVALUATION
a Administration of benefits and services
1. Benefit objective
Processing claims
Communication of benefits
(4 marks)
2. Monitoring evaluation &amp; control benefits
3. Effect on cost
4. Competitiveness
(2 marks each)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
72327
QUESTION_TEXT
What are the basis for the formulation of VRS in PSUs?
SCHEME OF EVALUATION
1. Basic pay + DA has to be considered
2. Ex-gratia will be recomputed
3. No hiring against vacancies
4. Three months/1 month notice period salary should be paid.
5. Have encashment/gratuity/PF etc. should be paid
6. CL may be enchased
7. No link between encashment of sick leave &amp; VRS
8. Only for permanent employees
9. Compensation will be paid even during closure period
10. VRS should be opened to specified time.
(1 mark each)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
72332
QUESTION_TEXT
What equity in compensation means. What factors are to be considered?
SCHEME OF
EVALUATION
a. Equity is related equal payment for equal work. There should be
fairness to achieve a successful system of compensation. (2 marks)
b. Financial resources- ability and capacity of the organization to pay to
its employees. (2marks)
c. Image building- desire to compensate for building a reputation.
(2marks)
d. Labor market- need to compensate as per the equity which employees
perceive. (2marks)
e. There are internal equity and external equity- (2marks)
QUESTION_TYPE
DESCRIPTIVE_QUESTION
QUESTION_ID
125879
QUESTION_TEXT
Explain the factors that affect the choices of the benefit
program.
SCHEME OF
EVALUATION
1.
2.
3.
4.
Influence of organized labor
Wage controls