Employee Reward And Compensation Question Paper
Employee Reward And Compensation
Course:Master Of Business Administration
Institution: Kenyatta University question papers
Exam Year:2008
KENYATTA UNIVERSITY
INSTITUTE OF OPEN LEARNING (IOL)
UNIVERSITY EXAMINATIONS 2007/2008
EXAMINATION FOR THE DEGREE OF MASTER OF BUSINESS
ADMINISTRATION
BBA 604: EMPLOYEE REWARDS AND COMPENSATION
DATE: FRIDAY 14TH MARCH 2008
TIME: 2.00 P.M. – 5.00P.M.
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Instructions: Attempt question 1 and any three others
1.
(a)
Employees exchange their inputs for outputs in form of rewards. Explain the specific issues that firms should consider when formulating compensation policies. ( 16 mrks).
(b)
Discuss the types of compensations and the attributes of a good compensation system in todays organization. ( 12 mrks).
2.
(a)
Job evaluation is key in any reward system. Discuss the main objectives and benefits of job evaluation. (10 mrks).
(b)
Elaborate on the steps and methods of job evaluation. ( 14 mrks).
3.
(a)
It is the policy of XYZ Ltd to reward employees based on performance. Suggest the criteria that the management should apply in assessing employee performance.
(b)
State the arguments against performance related pay and the types of performance related pay schemes. ( 9 mrks).
4.
(a)
Discuss the main financial rewards that can be used to promote employee performance and commitment. ( 14 mrks).
(b)
Discuss any non-financial incentives commonly used by firms to motivate employees.
(10 mrks).
5.
(a)
In relation to rewards and compensation write brief notes on each of the following
(i)
Retirement phases and its implications. ( 6 mrks).
(ii)
Redundancy ( 6 mrks).
(iii)
Dismissal ( 6 mrks).
(iv)
Counseling ( 6 mrks).
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