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]
______________________________________________________________________________
More Question Papers
Exams With Marking Schemes
Popular Exams
Mid Term Exams
End Term 1 Exams
End Term 3 Exams
Opener Exams
Full Set Exams
Return to Question Papers