Questions with Answers Compensation at Macro level

Questions with Answers Compensation at Macro level

Define Pay. What are its importance and objectives.

What do you understand by compensation management? What are its components and need.

What are the labor market and labor market information?
Explain the Concept And Meaning Of Wage Payment System. 

What are the different objectives and policies related to compensation program?
What are the different methods of job evaluation?
What is the meaning of Motivating Value of Compensation?
What are the factors affecting the compensation structure of a company?
What are the recent issues in the compensation management?
Questions with Answers Performance Linked Compensation

What are Its Importance And Essential Characteristics
Define Wage. What is the classification and components of wage?
Explain the popular remuneration systems

Discuss the different pay commissions.

Questions with Answers Compensation at Micro level

Define job evaluation. What are the different methods of job evaluation?

How to design a salary structure according to compensation rules?

What do you mean by collective bargaining?

Discuss various Types of Performance Pay
Briefly discuss the Problems and Benefits of performance related pay.

What are the Pre-requisites of effective incentive scheme?

Explain the different Types of incentive systems.
What is individual and Group Incentives?