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Performance And Reward Management(Hrmg 046) Question Paper

Performance And Reward Management(Hrmg 046)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE Compulsory and Any Other TWO Questions
Question One
a) Define the following terms and explain their importance in performance and Reward Management. (10marks)
i) Pay structures
ii) Remuneration package
iii) Contingent pay
iv) Fridge benefits
v) Non financial incentives.
b) Explain FIVE objectives of performance appraisal. (10marks)
c) Highlight the areas that should be addressed by a reward policy.
(10marks)

Question Two
Explain the importance of job evaluation and any two methods of conducting it.
(20marks)

Question Three
a) Why is it important to have a salary budget? (8marks)
b) Explain factors influencing differentials in wages/ salaries in an
organization. (12marks)

Question Four
a) Explain the advantages of implementing performance related pay in an
organization. (10marks)
b) Explain the objectives of performance management. (10marks)

Question Five
a) Explain 360 degree feedback approach to performance management.
(6marks)
b) Highlight the advantages and disadvantages of 360-degree feedback
approach. (14marks)

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