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Management Programme
ASSIGNMENT
SECOND
SEMESTER
201
6
MS
-
2
7
:
Wage and Salary Administration
School of Management Studies
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI
–
110 068
M
S
-
2
7
ASSIGNMENT
Course Code
:
MS
-
2
7
Course Title
:
Wag
e
and Salary Administration
Assignment Code
:
MS
-
2
7
/TMA/SEM
-
I
I
/201
6
Coverage
:
All Blocks
Note
:
Attempt  all  the
questions  and  submit  this assignment  on  or  before
31
st
October,  201
6
to
the coor
d
inator of your study cent
r
e
.
1.
Explain   the
concept   and   structure   of   compensation.   Describe   the   functions   and
responsibilities of compensation programme of an organization you are familiar with.
2.
Explain  the  purpose  and  application  of  the  payment  of  wages
Act,  1936.  Describe  the
concept of deduction from wages and limits on the total amount of deduction can the fi
n
e
be deducted from wages of an employed persons? If so, subject to what conditions.
3.
What  do  you  understand  by  the  concept  of  wages,  explain  th
e  concept  of  basic  wage
through examples. Why
dearness is
allowance an
integral part of pay packet, explain how
is it administered?
4.
Define
“
incentives
”. Bring out their advantages and limitations. Explain the various
individual and group incentive plans
and their respective merits and demerits.
5.
Describe  the  tax  planning  for  employee  compensation  in  any  organization  you  are
familiar  with.  Explain  the  tax  implication
s
of  employee  compensation  package  to  the
employer and employees.