Sardar Vallabhbhai Patel Institute of Management, Vasad.
Subject: Compensation Management.
Subject Code: MB03092061
Question Bank:
Q.1 Explain the terms: Work Life Balance
Cost of living adjustment
Intrinsic Reward
Job Matching
non-financial rewards,
Incentives
Contingent Pay
External and internal equity
Perquisites
A pay survey.
skill inventory
internal alignment
Define compensation. Explain the importance of compensation in attracting, retaining, and
motivating employees.
Differentiate between compensation and reward. Give corporate examples from Indian
companies.
What are the key characteristics of a “perfect” pay structure?
Define job evaluation. Discuss the main objectives of job evaluation. Explain
different job evaluation methods.
Imagine you are consulting for a hospital chain. Would you recommend skill-
based or job-based
structures for doctors, nurses, and admin staff? Why?
Design a benefit plan for a mid-sized Indian manufacturing company that balances statutory
compliance and employee satisfaction.
A startup cannot offer high salaries. Suggest creative benefit options to attract and retain
talent.
Compare and contrast the benefits and challenges of team incentive plans vs. individual
incentive plans
in the Indian service sector
Design a long-term incentive plan for senior executives of a pharmaceutical company
expanding
globally
Imagine you are the HR manager of a fintech startup. Draft a pay model that
supports both innovation
and employee retention.
If a company faces high attrition due to salary dissatisfaction, what changes
in pay model and pay
strategy can be recommended?
Design a compensation strategy framework for a startup e-commerce
company
Q.3 Diagrammatically explain Grade pay and pay structures with suitable
Examples.
Q.4 Briefly explain various recognition schemes
Q.5
How can bonus schemes be designed to effectively reward both individual
and team performance?
Q.6
What are Mediclaim policies, and how do they provide health insurance
coverage to employees?
Q.7 State various types of employee’s benefits. Explain benefits that satisfy
personal needs of employee.
Q.8 What is the difference between job-based, skill-based, and competency-based
pay? In which industries
is each most suitable?
Q.9 Design a compensation structure for a sales team where motivation and
performance need to be Maximized
10 Explain various factors affecting pay levels, diagrammatically.
If you are an HR Manager of a company, what factors you will consider
before deciding the pay levels in firm?
12 Why is statutory compliance important in compensation management? Discuss
with examples how statutory laws impact compensation design in Indian
corporates
13 Explain the various elements of directors and senior executives pay with
examples and also mention the various reasons for tremendous growth of
executive pay.
What is job analysis? Why is it critical for designing internal structures?
15 Outline the step-by-step procedure of conducting job analysis.
What types of biases can affect internal structures and pay decisions?
How can organizations minimize bias in job analysis and job evaluation?
16. Case Study given in Google classroom
