Employee Reward And Compensation Question Paper

Employee Reward And Compensation

Course:Master Of Business Administration

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
INSTITUTE OF OPEN LEARNING

EXAMINATION FOR THE DEGREE OF MASTER OF BUSINESS
ADMINISTRATION

BBA 604:
EMPLOYEE REWARD AND COMPENSATION SYSTEMS
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DATE: MONDAY 10TH AUGUST 2009 TIME: 9.00 A.M. – 12.00 NOON

INSTRUCTIONS
Answer Question ONE and any other two.

QUESTION ONE
a)
Define the term reward. (4 marks)
b)
Briefly describe reward management’s relevance to contemporary management. (8 marks)
c)
Briefly discuss the following terms as applied reward and compensation.
i)
Employee benefits
ii)
Performance related pay
iii)
Survivor benefits
iv)
Stock options
v)
Total reward
vi)
Career development.
(2 marks each = 12 marks)

d) Briefly
differentiate the following terms:
i)
Job Design and Role Development
ii)
Job evaluation and job analysis
iii)
Compensation programme and compensation policy.
(2 marks each =6 marks)

QUESTION TWO
a)
Briefly discuss the evolution of the employee benefit concept. (6 marks)
b)
Using examples discuss the key issues to consider when aligning benefits with corporate goals. (14 marks)

QUESTION THREE
a)
Using an organization of your choice discuss the steps for designing a reward programme. (12 marks)
b)
Briefly highlight the benefits of a well designed reward programme. (8 marks)

QUESTION FOUR
a)
Differentiate between transactional and relational rewards. (8 marks)
b)
Discuss four types of relational rewards. (12 marks)

QUESTION FIVE
a)
Explain the meaning of the word strategy. (4 marks)
b)
Your boss at work is interested in knowing how to apply this statement ‘strategic reward’. Write a brief report explaining to him the meaning of the statement and how it may apply at work while managing people. (16 marks)

Employee Reward And Compensation Question Paper

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