IIBM Institute of Business Management
Examination Paper MM.100
Compensation Management
Section A: Objective Type
Part One:
Multiple Choices
1. A ________ is a hierarchy of jobs to which wage rates have been attached.
a. Wage Level
b. Wage Structure
c. Wage Index
d. Wage Policy
2. It is the wage which is above the minimum wage but below the living wage.
a. Basic wage
b. Overtime
c. Fair wage
d. Compensation
3. It is the process of minimizing the physical and perceptual loads imposed on people engaged in any type of work.
a. Motion Economy
b. Human Engineering
c. Value Analysis
d. Task Identity
4. It is the method which lists frequency of critical behaviors in an employee.
a. Performance Appraisal
b. Performance Matrix
c. 360 degree feedback
d. Management by Objectives
5. A map to illustrate behavioral parameters requires in competent performance is:
a. Competency Mapping
b. Balanced Score Card
c. Behavioral Observation Scale
d. Key Results Areas
…………………..
3. What is a balanced Score Card.? What are its different perspectives?
4. Write a short note on 360-degree performance feedback.
END OF SECTION A
Examination Paper: Personnel Management
IIBM Institute of Business Management 8
Section B: Caselets (40 Marks)
•This section consists of Caselets.
•Answer all the questions.
•Each Caselet carries 20 marks.
•Detailed information should form the part of your answer (Word limit 150 to 200 words).
Caselet 1
In 2001, a Chennai- based two- wheeler major introduced a bonus scheme for its employees. Employees
covered under this bonus scheme are evaluated through a three-tier process- (1) meeting production
schedules, 2) maintaining machines, and (3) reducing overtime, scrap and shipping errors. In 2002,
productivity surged, and some employees even added as much as 15 per cent to their paychecks.
The two- wheeler company started facing competition from international players and also was riddled in
patent issues. A court order forced them to stop production of many models, causing significant
manpower restricting successive drop in sales, the company was forced to withdraw the bonus scheme,
and asked employees to be prepared for a financial structure, which would mean a reduction in their
………………………….considerable time and effort as
it cuts out a layer of admin. Denzil is just being obstructive. Maybe he has girlfriend problem and he is
taking it out on the office?
Questions:
1. Identify aspects of Denzel’s behavior that indicate that he was well-motivated.
2. Identify those actions taken by the Manager that helped to motivate Denzil.
END OF SECTION B
Examination Paper: Personnel Management
IIBM Institute of Business Management 10
Section C: Applied Theory (30 Marks)
•This section consists of Applied Theory Questions.
•Answer all the questions.
•Each question carries 10 marks.
•Detailed information should form the part of your answer (Word limit 200 to 250 Words)
1. What is compensation management? What goals or objectives does it follow?
2. What are some of the challenges which HR managers face in designing a compensation system?
3. What is a fringe benefit? Can it be made a part of an employee benefits plan?
S-2-210311
END OF SECTION C
Examination Paper MM.100
Compensation Management
Section A: Objective Type
Part One:
Multiple Choices
1. A ________ is a hierarchy of jobs to which wage rates have been attached.
a. Wage Level
b. Wage Structure
c. Wage Index
d. Wage Policy
2. It is the wage which is above the minimum wage but below the living wage.
a. Basic wage
b. Overtime
c. Fair wage
d. Compensation
3. It is the process of minimizing the physical and perceptual loads imposed on people engaged in any type of work.
a. Motion Economy
b. Human Engineering
c. Value Analysis
d. Task Identity
4. It is the method which lists frequency of critical behaviors in an employee.
a. Performance Appraisal
b. Performance Matrix
c. 360 degree feedback
d. Management by Objectives
5. A map to illustrate behavioral parameters requires in competent performance is:
a. Competency Mapping
b. Balanced Score Card
c. Behavioral Observation Scale
d. Key Results Areas
…………………..
3. What is a balanced Score Card.? What are its different perspectives?
4. Write a short note on 360-degree performance feedback.
END OF SECTION A
Examination Paper: Personnel Management
IIBM Institute of Business Management 8
Section B: Caselets (40 Marks)
•This section consists of Caselets.
•Answer all the questions.
•Each Caselet carries 20 marks.
•Detailed information should form the part of your answer (Word limit 150 to 200 words).
Caselet 1
In 2001, a Chennai- based two- wheeler major introduced a bonus scheme for its employees. Employees
covered under this bonus scheme are evaluated through a three-tier process- (1) meeting production
schedules, 2) maintaining machines, and (3) reducing overtime, scrap and shipping errors. In 2002,
productivity surged, and some employees even added as much as 15 per cent to their paychecks.
The two- wheeler company started facing competition from international players and also was riddled in
patent issues. A court order forced them to stop production of many models, causing significant
manpower restricting successive drop in sales, the company was forced to withdraw the bonus scheme,
and asked employees to be prepared for a financial structure, which would mean a reduction in their
………………………….considerable time and effort as
it cuts out a layer of admin. Denzil is just being obstructive. Maybe he has girlfriend problem and he is
taking it out on the office?
Questions:
1. Identify aspects of Denzel’s behavior that indicate that he was well-motivated.
2. Identify those actions taken by the Manager that helped to motivate Denzil.
END OF SECTION B
Examination Paper: Personnel Management
IIBM Institute of Business Management 10
Section C: Applied Theory (30 Marks)
•This section consists of Applied Theory Questions.
•Answer all the questions.
•Each question carries 10 marks.
•Detailed information should form the part of your answer (Word limit 200 to 250 Words)
1. What is compensation management? What goals or objectives does it follow?
2. What are some of the challenges which HR managers face in designing a compensation system?
3. What is a fringe benefit? Can it be made a part of an employee benefits plan?
S-2-210311
END OF SECTION C
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