IGNOU MS-27 Solved Assignment
| University | IGNOU (Indira Gandhi National Open University) |
| Program | MBA – MP/MPB/PGDHRM |
| Course Code and Course Title | MS-27: Compensation and Rewards Management |
| Assignment Code | MS-27/TMA/JULY/2022 |
| Validity of Assignment | 30th April 2022 |
| Date of Submission | Last date of submission for January 2022 session is 30th April, 2022. |
- What do you understand by “Capacity to pay on industry-cum-region basis”? Is the employer bound to pay minimum wage irrespective of its financial capacity to pay?
- How the provident Fund scheme is administered under the Employees provident Funds and Miscellaneous provisions Act, 1952?
- What is the difference between a pay Commission and a wage board? Discuss the relative merits and demerits of different methods of wage determination.
- Explain what is performance linked reward system? List out the various steps involved in designing a performance linked reward system. Give an example.
- What is the recent trend in awarding additional bonus payments and fringe benefits to various categories of employees?