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Compensation and benefits April 2025

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Assignment Sample Solution: Compensation and benefits April 2025

NMIM$ Global Access

School for Continuing Education (NGA-SCE)

Course: Compensation and benefits April 2025

Internal Assignment Applicable for April 2025 Examination

  1. You are an HR Manager of newly established organization i.e. ABC Pvt. Ltd. It is a manufacturing organization of readymade garments. The worth of the job decides the salary structure which will be given to employees recruited for a particular job role. Being the HR Manager, you need to explain various methods which you can use for job evaluation by giving suitable examples. (10 Marks)
  2. Ram and Rahul are two individuals working in two different organizations. Ram is paid based on number of units manufactured in a period whereas Rahul receives hike in the current year based on performance in the previous year. Identify the pay systems used by both organizations and explain other pay systems in detail. What is the utility of both pay systems as employed in both the organizations. (10 Marks)
    1. Mr. Vardhan wants to design a competitive compensation policy for its sales team.

    The sales team since is responsible for the productivity and growth of organization, therefore Mr. Vardhan wants to employ a scientific and rational method to compensate the sales team. Considering above scenario, Answer the following questions.

    1. A) Explain the rationale of designing a sales compensation plan. (5 Marks)
    2. B) What factors are kept in mind by HR Practitioner while designing a Sales compensation plan for Mr. Vardhan. (5 Marks)

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